answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
2 years ago
14

Harry receives an invoice from one of its European suppliers for antiques. The amount of the invoice is $40,000 with terms of 3/

10, net/60. If the invoice is paid on day 20, Beard is entitled to a ____ cash discount and will write the check for ____.
A. $1,200; $1,200B. $1,200; $38,800C. $0; $40,000D. $0; $41,200E. $0; $1,200
Business
1 answer:
mezya [45]2 years ago
3 0

Answer: C - $0; $40,000

Explanation: From the above question, the phrase 3/10, net 60 means Henry is entitled to a 3% discount if payment is make on or before the 10th day while the net 60 means that the invoice is due in 60 days anytime after the 60th day, the invoice becomes overdue.

From the question, the invoice total is $40,000. since payment was made on the 20th day, it means Henry is not entitles to any discount and so has to pay the whole of $40,000 on the invoice.

You might be interested in
Which statement best describes one way businesses participate in the
likoan [24]

Answer:

C. Businesses create goods for product markets to sell.

Explanation:

8 0
2 years ago
Read 2 more answers
In addition, your MARGIN PER UNIT must cover another set of important but potentially large costs. To investigate these addition
babymother [125]

Effect of Contribution Margin on the other costs is given below

Explanation:

1.Contribution margin per unit is the net amount that each additional unit sold contributes towards a company's fixed costs and profit. It equals the difference between the product's sales price and variable cost per unit.It represents the incremental money generated for each product/unit sold after deducting the variable portion of the firm's costs.Also known as dollar contribution per unit, the measure indicates how a particular product contributes to the overall profit of the company. It provides one way to show the profit potential of a particular product offered by a company and shows the portion of sales that helps to cover the company's fixed costs. Any remaining revenue left after covering fixed costs is the profit generated.

2.The Formula for Contribution Margin Is

The contribution margin is computed as the difference between the sale price of a product and the variable costs associated with its production and sales process.

Contribution Margin=Sales Revenue - Variable Costs

3.The contribution margin is the foundation for break-even analysis used in the overall cost and sales price planning for products. The contribution margin helps to separate out the fixed cost and profit components coming from product sales and can be used to determine the selling price range of a product, the profit levels that can be expected from the sales, and structure sales commissions paid to sales team members, distributors or commission agents.

4,The contribution margin represents the portion of a product's sales revenue that isn't used up by variable costs, and so contributes to covering the company's fixed costs.

The concept of contribution margin is one of the fundamental keys in break-even analysis.

Low contribution margins are present in labor-intensive companies with few fixed expenses, while capital-intensive, industrial companies have higher fixed costs and thus, higher contribution margins

3 0
2 years ago
Each of two stocks, C and D, are expected to pay a dividend of $3 in the upcoming year. The expected growth rate of dividends is
Stels [109]

Answer:

Intrinsic value of Stock C is 300

Explanation:

given data

expected pay dividend = $3

growth rate of dividends = 9%

stock C require a rate of return = 10%

stock D require a rate of return = 13%

solution

we get here intrinsic value by the DDM method

intrinsic value = Upcoming Dividend ÷ ( Required rate of return - Growth rate of stock )  .................1

intrinsic value = \frac{3}{(0.10-0.09)}    

intrinsic value = \frac{3}{0.01}  

intrinsic value = 300

so intrinsic value of Stock C is 300

8 0
2 years ago
Economists who view the AS curve as upward-sloping believe that changes on the demand side _______ result in changes in Real GDP
Yanka [14]

Answer:

May; cannot do anything

Explanation:

In the short run, the aggregate supply curve will react to price level, which means it is upward sloping rather than vertical. If the price level increases, quantity supplied will increase. If the price level decreases, the quantity supplied will decrease.

5 0
2 years ago
Read 2 more answers
Ethical behavior is a subset of which skillset?
Anna71 [15]

Answer:

C). Professional Conduct

Explanation:

Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of <u><em>the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output</em></u>. Thus, <u>option C</u> is the correct answer.

7 0
2 years ago
Other questions:
  • Leslie is the sole provider for her three children. She has a family health insurance plan through her employer. At this point,
    12·2 answers
  • Which of the following is a start-up expense for Maria's food truck?
    15·1 answer
  • To keep an organization free of the mum effect, it is necessary to
    9·1 answer
  • Tomatoes are an input in the production of ketchup, and ketchup and mustard are substitutes. an increase in the price of tomatoe
    12·1 answer
  • The marginal utility of two goods changes ______________. with the quantities consumed for the better, if taxes are imposed if t
    6·1 answer
  • Which of the following statements are true? A) Sensitivity analysis is a process of seeing how optimal decision and EMV vary whe
    11·1 answer
  • Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo
    15·1 answer
  • If Starbucks raises its price by 5 percent and McDonald’s experiences a 0.5 percent increase in demand for its coffee, what is t
    13·1 answer
  • Brewer Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock ou
    14·1 answer
  • Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!