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
lyudmila [28]
2 years ago
3

A buyer of $7,000 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid

the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:________.
a. 100.
b. 77.
c. 1155.
d. 770.
e. 231.
Business
1 answer:
mel-nik [20]2 years ago
4 0

Answer:

$140

Explanation:

Given that

Credit terms is 2/15 n/45

Meaning that 2% discount with 45 days to pay.

Price of merchandise = 7000.

Therefore.

Cash discount = 7000 × 2%

= 7000 × 0.02

= $140.

Thus, by not taking advantage of the cash discount, the buyer lost $140

You might be interested in
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: L
g100num [7]

Answer:

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000

c) Reduce GDP

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods

c)

If the lumber were imported it would be deducted from the value of export and thus reduce GDP.  Remember that GDP is the market value of all good and service produced within a given country over certain period of time .

3 0
2 years ago
Read 2 more answers
A budget line shows the Multiple Choice alternative combinations of two goods that will yield the same level of total utility to
GuDViN [60]

Answer:

Option (d) is correct.

Explanation:

A budget line is a graphical representation which shows the combination of two goods that are to be purchased by the consumer with his available income. A budget line also known as the budget constraint.

The budget line is represented by the following equation:

Suppose that there are two goods: A and B.

(Price of good A × Quantity of good A) + (Price of good B × Quantity of good B) = Income of the consumer

4 0
2 years ago
For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r
Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0
2 years ago
Suppose you have a two-stock portfolio consisting of Apple and Tesla stock. The portfolio weight of Apple is 25% and the rest is
iren [92.7K]

Answer:

Standard deviation = 47.69% (Approx)

Explanation:

Given:

Portfolio of Apple stock w1 = 25% = 0.25

Portfolio of Tesla stock w2 = 75% = 0.75

Standard deviation return Apple σ1 = 35% = 0.35

Standard deviation return Tesla σ2 = 60% = 0.60

Correlation coefficient ρ12 = 0.22

Find:

Standard deviation

Computation:

Standard deviation = √w1²σ1² + w2²σ2² + 2w1σ1w2σ2ρ12

Standard deviation = 0.4769

Standard deviation = 47.69% (Approx)

4 0
2 years ago
Emma supervises and leads a team implementing the upgrade of a company's
Georgia [21]

ANSWER: The correct answer is IT project manager.

Explanation:

Job description of a Project manager is to lead the team work,implement the plans and fulfill the targets. It is the most challenging  yet important job to do. They manage the risk related to the project. Here Emma is supervising and leading the team with updated technology so that the budget can be maintain and the targets can be reach on time.

8 0
2 years ago
Other questions:
  • Pete has started an electronics firm with the potential for high growth. he obtains funding for the business from a group of inv
    11·1 answer
  • Champagne, inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciation and amortization of $1.5 m
    14·1 answer
  • Suppose a school needs to hire 2 new teachers, but there are 20 recent college graduates hoping to get a teaching job at that sc
    11·1 answer
  • In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.
    6·1 answer
  • Martina advises her tax client, Breslin Baked Goods, to disclose a matter by attaching a special form to its corporate tax retur
    13·1 answer
  • The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
    11·1 answer
  • Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on Decemb
    13·1 answer
  • Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
    8·1 answer
  • At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, No
    14·1 answer
  • Great Western Southern purchased $525,000 of equipment four years ago. The equipment is seven-year MACRS property. The firm is s
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!