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dolphi86 [110]
2 years ago
5

Simmons sold merchandise to Drake for $5,000 with payment terms of 2/10, n/30. Two days later, Drake returned two of the units a

nd received account credit in the amount of $2,000. If Drake pays his account in full within ten days of the invoice date, what is the amount of the sales discount?
Business
1 answer:
QveST [7]2 years ago
3 0

Answer:

the discount is for 60 dollars

therefore Simmons will pay 2,940 dollar for the inventory

Explanation:

From the invoice nominal we should remove the returned goods.

nominal  5,000

returns   2,000

balance: 3,000

commercial terms: 2/10 the discount is 2% if paid within 10 days

3,000 x 2% = 60 dollars

net cash disbursements: 3,000 - 60 = 2,940 dollars

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Answer:

FCFE: 99

Explanation:

FCFE: cash flow from operation - CAPEX + borrowing

we calcualte the cash flwo form operation using the indirect method:

net income - preferred dividends = available for common stock

income = 125  + 14 = 139

net income                                       139

depreciation expense                      50

change in working capital               (30)

          cash flow from operation: 159

CAPEX will be the long term assets investment

investment on fixed capital<u> 100 </u>

                          CAPEX       100

net borrowing                        40

159 -100 + 40 = 99

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2 years ago
If the performance evaluations that salespeople receive are based solely on sales revenue to the exclusion of other important fa
babunello [35]

Answer:

c. criterion deficiency

Explanation:

Based on the information provided within the question it can be said that in this scenario it seems that the performance management system suffers from Criterion deficiency. This term refers to a company failing to assess one or more very important aspects of the process of job performance appraisal for employees within the company. Such as is the case in this scenario as the company is only looking at the sales revenue and completely ignoring all of the other important factors.

8 0
2 years ago
If you were using a simple exponential smoothing forecast model (alpha value equal to 0.30) that generated a forecast of 25.10 u
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The simple exponential smoothing is a method suitable for predicting data with no style or seasonal pattern. While in Moving Averages the past observations are weighted similarly, Exponential Smoothing allocates exponentially lessening weights as the observation get older.

<span>Forecast for upcoming week = 25.10 + 0.3 (31 – 25.10) = 26.87</span>

7 0
2 years ago
Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of
hoa [83]

Answer: An Isolate

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An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.

Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.

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The correct answer is b
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