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WINSTONCH [101]
2 years ago
14

Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1

500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
Business
1 answer:
Lisa [10]2 years ago
7 0

Answer:

amount of the check  =  $3430  

Explanation:

given data

sells merchandise account =  $5000

credit terms of 2/10, n/30

Company returns =  $1500

to find out

amount of the check

solution

we will find here amount of the check that is express here as

amount of the check =  (sells merchandise account -  Company returns) × (100 - n )    .......................1

put here value in equation 1 we get    

amount of the check  =  (5000 - 1500 ) × (100% - 2%)

amount of the check  =  (3500 ) × (98%)  

amount of the check  =  $3430  

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The nature of the program that the organization's managers are likely to follow is INNOVATIVE. The organization's manager wanted to improve the products and set a goal to reach so that the employee will do their best to reach the goal that they didn't exist five years ago.
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2 years ago
For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company
Kamila [148]

Answer:

Economic Value Added (EVA) = $2,620

Explanation:

WACC = 11%

Capital = $20,500

Sales = $11,500

Operating cost = $5,000

Tax rate = 25%

EBIT = Sales - Operating cost

EBIT = $11,500 - $5,000

EBIT = $6,500

Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)

Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)

Economic Value Added (EVA) = $4,875 - $2,255

Economic Value Added (EVA) = $2,620

5 0
2 years ago
In October, Pine Company reports 18,600 actual direct labor hours, and it incurs $126,540 of manufacturing overhead costs. Stand
VladimirAG [237]

Answer:

The total overhead variance in hours taken is 3,600 hours

The total overhead cost variance is $1,110

Explanation:

The variance is about the different between budget/ standard and actual figures.

Standard hours allowed for the work done is 22,200 hours; and the predetermined overhead rate is $5.75 per direct labor hour. So total cost budgeted for work done is $127,650 = $5.57 x 22,200 hours

The total overhead variance in hours taken  = standard hours of 22,200 - actual direct labor hours of 18,600 = 3,600 hours

The total overhead cost variance  = standard cost - actual cost = $127,650  - $126,540 = $1,110

7 0
2 years ago
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $219,000. The following additional
Alexxx [7]

Answer:

The ending inventory balance is $158,400

Explanation:

The computation of the amount that Plunkett should report in ending inventory  is shown below:

= Ending balance - goods purchased under FOB destination - goods held on consignment

= $219,000 - $44,800 - $15,800

= $158,400

hence, the ending inventory balance is $158,400

we simply applied the above formula so that the correct value could come

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1 year ago
Scenario: An organization has recently suffered a series of security breaches that have significantly damaged its reputation. Se
Rina8888 [55]

Answer:

Vulnerability analysis

Explanation:

Since the organization has hired a security consultant to help them reduce their risk from future attacks, What the consultant would use to identify potential attackers is vulnerability analysis.

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2 years ago
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