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n200080 [17]
2 years ago
7

J.C. Penney of Boston sold office equipment for $12,000 to Lee's of San Diego. Terms of the sale are 3/10, n/30 FOB Boston. J.C.

Penney has agreed to prepay freight $300. Assuming Lee's pays within the discount period, how much will Lee's pay J.C. Penney?
Business
1 answer:
rjkz [21]2 years ago
8 0

Answer:

$11,940

Explanation:

The computation of the paying amount is shown below:

= Sale value of the equipment - discount charges + freight charges

= $12,000 - $360 + $300

= $11,940

The discount charge is

= Sale value of the equipment × discount rate

= $12,000 × 3%

= $360

We simply deduct the discount and added the freight charges to the sale value of the equipment so that the actual value could arrive

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After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone d
svetlana [45]

Answer: The actual value

                             

Explanation: In simple words, actual value refers to the utility satisfaction that a customer receives after purchasing a product.

The only difference between perceived value and actual value is that while calculating perceived value the customer compares his product with other product . However, while calculating actual value he only compares the existing performance with his or her expectations.

In the given case, Jeremy feels the product he buy is no as useful as he thought. Hence it lacks actual value.

5 0
2 years ago
Assume that more corn is used to produce ethanol. Simultaneously, more effective control of pests and weeds occurs during farmin
Sophie [7]

The price of corn will increase  will definitely occur in the corn market.

Option A

<u>Explanation: </u>

Ethanol is a renewable fuel of several organic materials known as "biomass." Further, then 98% of U.S. petroleum includes ethanol, usually E10 to control air emissions, or E10 (10% ethanol, 90% gasoline). Oxygenation of petrol

Corn ethanol is the primary ethanol origin of ethanol fuel throughout the United States derived from corn biomass.

Maize ethanol is generated by fermenting and distilling of ethanol. It is questionable whether corn ethanol consumption leads to lower pollution of greenhouse gas than petrol.

4 0
2 years ago
Jane Thorpe has been offered a seven-year bond issued by Barone, Inc., at a price of 943.22. The bond has a coupon rate of 9 per
Lapatulllka [165]

Answer:

Yes

Explanation:

Given:

  • F = 1000$
  • n = 7
  • Coupon rate = 9%, because  it pays the coupon semiannually, so

=> Coupon payment = 1000*9%/2 = 45

  • Current market rate, YMT=  10%

So the current value of bond is:

C(1- (1+r)^(-n)/r + F/((1+r)^{n}

<=>45(1 - (1+0,1)^(-7/0.1)) + 1000(1+0,1)^7

<=> C = $951

So she will buy the bonds at the offered price 943.22 because it is smaller than $951

4 0
2 years ago
) Using the following information, what is the amount of cost of merchandise sold?
Orlov [11]

Answer:

C. 30,210

Explanation:

Cost of merchandise sold = cost of merchandise purchase - cost of merchandise left in inventory

= Purchases  of $32,000 - Purchases discounts  of $960 - Purchases returns and allowances  of $1,200 + Freight In  of $1,040

- ( Merchandise inventory  at  September 30  of $6,370 - Merchandise inventory September 1  of $5,700)

= 32,000- 960- 1,200+1,040 - 670 = 30,210

5 0
2 years ago
Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She
yulyashka [42]

Answer:

For each one percent increase in the interest rate, amount of deposit increases by 11.145%

Explanation:

To obtain the amount rate at which deposit increase per percentage increase in interest rate ;

We obtain the slope Coefficient of the regression equation between the amoub of deposit and interest rate paid.

From the result of the analysis given ;

The slope Coefficient of X, interest rate % is 11.145

Hence, For each one percent increase in the interest rate, amount of deposit increases by 11.145%

4 0
2 years ago
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