A credit sale of $4200 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. What amount is received as payment in full on May 4? $3900 $4200 $4158 $3861
Answers
Option D is correct. A credit sale of $4200 is made on April 25, terms 1/10, n/30, on which a return of $300 is granted on April 28. The amount received as payment in full on May 4 is $3861.
Given that,
A credit sale of $4200 is made on April 25, terms 1/10, n/30. A return of $300 is granted on April 28.
The terms 1/10, n/30 mean if the customer pays within 10 days, the seller gives a discount of 1%. Otherwise, the full amount is due in 30 days.
The amount of the credit sale of $4200 will be reduced by the amount of the return of $300.
Therefore, the net sale amount will be:
Net sale amount = $4200 - $300 = $3900
Now, if the buyer pays within 10 days, they get a 1% discount on the net sale amount. Therefore, the amount due within 10 days will be:
Amount due within 10 days = 0.99 × $3900 = $3861
Hence, the amount received as payment in full on May 4 is $3861.
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Related Questions
Part D
Most of the increase in wages has gone to what group of people?
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what increases the possibility that errors will be caught and the potential for fraud will be reduced?
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Implementing internal controls and conducting regular audits increases the possibility that errors will be caught and the potential for fraud will be reduced
Internal controls are the policies and procedures that a company has in place to help reduce the possibility of errors and fraud. Examples of internal controls include the segregation of duties, regular management reviews, and setting up authorization levels for transactions.
These controls can help detect errors or fraud before they become significant. Audits are also an important tool in detecting errors and fraud.
Audits can be performed by internal or external auditors and should be conducted regularly to help ensure the accuracy of financial statements or other areas of the business.
Auditors can also review the effectiveness of internal controls, and provide recommendations to improve them. These two steps will help to reduce the possibility of errors and the potential for fraud.
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(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
Answer:
1. Political instability
2. High cost of taxation
3. Insecurity
4. Changes in law and policy
Explanation:
1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.
1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.
1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.
1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.
2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.
mean absolute deviation (mad) is a measure of forecast bias. mad indicates the tendency of a forecast to be consistently higher or lower than actual demand. mean absolute deviation (mad) is a measure of forecast bias. mad indicates the tendency of a forecast to be consistently higher or lower than actual demand. true false
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What is Mean Absolute Deviation (MAD)?
The mean absolute deviation (MAD) is a statistical calculation that finds the average deviation between each value in a data set and the data set's mean. It measures the average deviation of the data values from their arithmetic mean. MAD provides an overview of how much the data is scattered around the mean of the data set. If MAD is small, this implies that the data set is consistent and close to the mean. If MAD is large, it indicates that the data set is inconsistent and far from the mean.
What is Forecast Bias?
Forecast bias is a measurement of how accurate a forecast is. Forecast bias is a tendency for a forecast to be too high or too low when compared to actual data. It is typically expressed as a percentage deviation from actual data. A positive value indicates that the forecast is too high, while a negative value indicates that the forecast is too low.
What is Actual Demand?
Actual demand refers to the number of products or services that consumers purchase from a company during a specific period. Actual demand is the number of goods that a firm sells in the marketplace during a specified period. It is also known as real demand or consumer demand. The actual demand is influenced by a variety of external and internal factors, including competition, consumer preferences, price, marketing campaigns, and economic conditions.
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Which of the following statements about check cashing companies is FALSE?
1. They charge low fees.
2. They offer bad deals where you'll owe a lot more than you borrowed.
3. They can take a percentage of your check on top of fees.
4. They make it easy to fall into a loan cycle that is hard to get out of.
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the phenomenon of a person or group holding multiple stakeholder duties is referred to as:
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The phenomenon of a person or group holding multiple stakeholder duties is referred to as "stakeholder multiplicity."
stakeholder multiplicity occurs when an individual or organization has a responsibility to multiple stakeholders, such as customers, employees, shareholders, suppliers, and the community.
In this scenario, the stakeholder's actions or decisions can affect each of these groups differently, and it can be challenging to balance competing interests and obligations.Stakeholder multiplicity can present ethical challenges and requires careful consideration of the various stakeholders' interests. Companies must prioritize their duties to stakeholders while ensuring that they are not violating any laws or ethical principles. It is essential to have a comprehensive understanding of the various stakeholders' expectations and interests to manage stakeholder multiplicity effectively.Moreover, effective communication and transparency are critical to managing stakeholder multiplicity successfully. Companies must be transparent with their stakeholders and maintain open lines of communication to understand their concerns and expectations. This can help companies to build trust and maintain positive relationships with their stakeholders while fulfilling their obligations to each group.Know more about the stakeholder multiplicity
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Bill smith economic influences
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I don't really know of Bill Smith but I know Adam
Smith's best - known ideas formed the basis of economic theory , including the invisible hand theory ( the idea that free - markets coordinate themselves ) , the division of labor ( the idea that people should specialize in specific tasks ) , and the measurement of economic activity ( Gross Domestic Product ) .
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
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Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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bianca and hazel recently opened a candy store on main street. they view all candy eaters in their community as their market. which targeting strategy did they use in choosing a target market for their store?
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The targeting strategy that Bianca and Hazel used for targeting the market for their store is an undifferentiated approach.
In the field of business, an undifferentiated approach can be described as a business targetting strategy in which the demands of all types of customers are concerned rather than targetting a set of customers.
In the scenario mentioned in the question, Bianca and Hazel were concerned about all candy eaters and did not specify when targeting a store in the market. Such a type of marketing target strategy that was used by them is referred to as an undifferentiated approach. The undifferentiated approach targets the whole market rather than specific kinds of customers.
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The difficulties that bill gates might have encountered when moving from entrepreneur to leader of Microsoft
Answers
Answer:
Before Microsoft became a success in the 1980s, co-founder Bill Gates struggled with self-confidence and actually feared that his business would be a bust, he told students during a Q&A at Harvard...
Explanation:
Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix worldwide for all of its brands. The only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) ________ marketing strategy.
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If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) standardized global marketing strategy.
What is marketing strategy?Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.
Standardized global marketing strategy enables companies to market or promote their product or brand internationally or across the globe.
Therefore Chips of Joy is using a(n) standardized global marketing strategy.
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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answers
Answer:
capital
Explanation:
bulldozer is bought with capital.
Which is a formatting characteristic of a full-block business letter?.
Answers
Answer:
In a full block business letter, every component of the letter heading, address, salutation, body, salutation, signature, identification, enclosures is aligned to the left. Also first sentences of paragraphs are not indented.
Explanation:
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lcm of 8 12 7 8 7 pls tell fast
Answers
Explanation:
factorise the above numbers:
8=2^3
12=2^2×3
7=7
In the above question,
there are two 7 and two 8 from which we have to write only one 7 and one 8 as takeing common we write 8,12,7,8,7 as 8,12,7
Then,
L.C.M=2^3×3×7
=168
In L.C.M ,we take both common as well as remaining numbers but in H.C.F,we take only common numbers .
which of the following is an example of actual notification of termination of an agency to third parties?
Answers
An example of actual notification of termination of an agency to third parties is when the principal sends a written notice to the customers of the agent stating that the agency has been terminated.
This written notice should include the effective date of termination and any instructions on how to proceed with future transactions. This type of notification is important to avoid confusion and to inform third parties that the agency is no longer authorized to act on behalf of the principal.
The principal may also send a notice to suppliers, vendors, and other third parties that have a business relationship with the agency. This type of notification helps to prevent the agent from continuing to act on behalf of the principal after the termination date. It is important for the principal to provide actual notification to third parties to protect themselves from liability and to ensure that their interests are protected.
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a customer with good credit and a large down payment applying for a $750,000 mortgage loan on a single-family residence would apply for what type of loan
Answers
The highest home loan sum permitted by a conforming loan or an FHA loan is $750,000. The greatest loan option for the borrower would be a nonconforming loan with no maximum home loan amounts.
A credit that doesn't satisfy the financing requirements of the bank is considered non-conforming. The loan sum exceeds the conforming loan limit for a number of reasons, such as insufficient credit, unconventional use of the funds, or the asset used as security.
Simply put, a non-conforming credit is any mortgage that doesn't meet the standards established by Freddie Mac and Fannie Mae. Jumbo loans—those that exceed the boundaries set by Fannie Mae and Freddie Mac—and government-backed loans like VA, FHA, and USDA loans are examples of non-conforming loans.
The regulations of Freddie Mac and Fannie Mae are not met by non-conforming bonds. Jumbo loans and loans guaranteed by the government, such as FHA, VA, and USDA loans, are examples of non-conforming loans.
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Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
Answers
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
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a company chooses to price its products by value-based pricing. in order for this type of pricing to be most effective, what additional tactics should be included with the price?
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The additional tactics to be included is use of value-based price in conjunction with all elements of the marketing mix communicating value to the customer
Basically, a value-based pricing is a prices fixing strategy based on consumers perceived value of the product in the market
This type of pricing strategy maintains a certain price level to prevent customers from looking out for competitors product.Hence, the additional tactics to be included is elements of the marketing mix communicating value to the customerIn conclusion, the Option B is correct.
The missing option includes "a.) employ a general market approach to pricing which considers what the market as a whole sees as valuable in a product or service b.) use a value-based price in conjunction with all elements of the marketing mix communicating value to the customer c.) offer a middle price point with the established price and tout the singularity of the product’s value"
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influences of Business environment,
Answers
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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what discount rate is used in the net present value of the refunding decision
Answers
The discount rate used in the net present value (NPV) of the refunding decision is typically the after-tax cost of new debt. This reflects the cost of the new debt considering any tax advantages or deductions associated with it.
In the net present value (NPV) analysis of the refunding decision, the discount rate used is typically the after-tax cost of new debt. This is because the refunding decision involves replacing existing debt with new debt, and the after-tax cost of the new debt reflects the actual cost to the company after taking into account any tax benefits or deductions associated with it.By using the after-tax cost of new debt as the discount rate, the NPV calculation takes into consideration the cash flows associated with the refunding decision, including the potential interest savings from the new debt and any associated tax implications. The after-tax cost of new debt captures the net impact of the refunding decision on the company's cash flows, making it an appropriate discount rate to evaluate the profitability and viability of the refunding option.On the other hand, the before-tax cost of the new debt is not used as the discount rate in the NPV analysis of the refunding decision because it does not account for the tax implications. The weighted average cost of capital (WACC) represents the average cost of all capital sources (debt and equity) used by a company and is not specific to the new debt being issued for refunding. Similarly, the after-tax cost of total firm capital also considers the overall cost of all capital sources and is not specific to the new debt.Therefore, the after-tax cost of new debt is the most appropriate discount rate to use in the NPV analysis of the refunding decision as it considers the specific cash flows and tax implications associated with the new debt.
The complete question should be:
What discount rate is used in the net present value of the refunding decision? (Points : 5) Â Â Â Â Â Â The before tax cost of the new debt
      The after-tax cost of new debt
      The weighted average cost of capital
      The after-tax cost of total firm capital
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Whom does the government and public administration career clutter serve?
A. Private citizens
B. Army and navy
C. Government employees and the military
D. National security and the foreign service
Answers
Answer:
it is A. Private citizens
Explanation:
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using data to demonstrate the connections between implemented hr practices and agency performance is
Answers
Using data to demonstrate connections between implemented HR practices and agency performance is referred to as "HR analytics".
The HR analytics involves collecting, analyzing, and interpreting data related to HR practices, employee behavior, and organizational performance to gain insights and make data-driven decisions.
By examining the data, organizations can identify correlations, trends, and patterns that help establish the impact of specific HR practices on agency performance.
This approach enables organizations to measure the effectiveness of their HR strategies, identify areas for improvement, and make informed decisions to optimize HR practices and ultimately enhance agency performance.
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The given question is incomplete, the complete question is
Using data to demonstrate the connections between implemented hr practices and agency performance is called as ?
A company paid dividends of $15,000, generated total sales of $845,000, and incurred total expenses of $792,000 in the current year. If ending retained earnings is $165,000, what was beginning retained earnings?
Answers
Answer:
The beginning retained earnings will be "127,000".
Explanation:
The given values are:
Total sales,
= $845,000
Company paid,
= $15,000
Total expenses,
= $792,000
Retained earning,
= $165,000
Now,
⇒ \(Retained \ earning \ this \ year = Profits-Dividends\)
⇒ \(=845,000-792,000 -$15,000\)
⇒ \(=38,000\)
and,
⇒ \(Beginning \ retained \ earnings = Ending \ RE-this \ year \ RE\)
⇒ \(=165,000-38,000\)
⇒ \(=127,000\)
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
Answers
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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All of the following statements about preferred stock are true except A. preferred stock is presented first on the stockholder's equity section. B. preferred stock will have a paid-in capital account that is separate from other stock. C. there can be only one class of preferred stock. D. preferred stock can be either par value or no-par value.
Answers
Answer:
C. there can be only one class of preferred stock.
Explanation:
which tool is particularly useful in performing a continuity test on any opens or shorts in an eps system and help determine where the problem is located?
Answers
A multimeter is a particularly useful tool for performing a continuity test in an EPS system. It helps determine the presence of opens or shorts and assists in locating the problem within the system.
A multimeter is an electronic measuring instrument used to measure various electrical parameters, including voltage, current, and resistance. It is equipped with a continuity test function that is valuable in diagnosing faults in electrical circuits, such as those found in an EPS system.
When performing a continuity test, the multimeter sends a small current through the circuit being tested and measures the resistance. If there is continuity, indicating a complete circuit without any breaks or open connections, the multimeter emits an audible beep or displays a reading close to zero resistance. On the other hand, if there is a break or open in the circuit, the multimeter will show infinite resistance MRP system or no continuity.
In an EPS system, the multimeter can be used to test the continuity of various electrical components, such as wiring harnesses, connectors, switches, and sensors. By systematically checking the continuity of each component, technicians can identify any opens or shorts and pinpoint the location of the problem within the EPS system. This information helps in troubleshooting and determining the appropriate repairs or replacements needed to restore the system's functionality.
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Select a single stock issue, then perform each of the ratio valuations, covered in the lesson. Compare the information and make a recommendation on the value of the stock, and whether it is a good investment. Your submission must list the name of the stock, the data. The information was obtained, the source from which the information was drawn, and a list of each of the ratio models, showing the results. Also, prepare a narrative of at least two paragraphs that analyzes your findings and indicates your recommendations.
Answers
We should note that stock valuation helps to predict the future price or potential market prices for the investors to time their sales or purchase of investments. Its values the intrinsic value of the stock that shows the profitability of the business and its future market value.
What is the stock valuation of Apple Inc?In this context, let's assume we're analyzing Apple Inc. (AAPL), a technology company that designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players.
One key ratio valuations that investors might use to assess the value of AAPL is Price-to-earnings ratio (P/E ratio). This ratio compares the current stock price to the company's earnings per share (EPS). A high P/E ratio suggests that investors are willing to pay a premium for the stock based on its earnings potential.
To calculate the P/E ratio for AAPL, we would divide the current stock price by the company's EPS. As of 2022, AAPL had a P/E ratio of around 28, which is slightly higher than the industry average of around 24.
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Identify and explain reasons why communication will be difficult in a business that has a Tall Organization structure?
help!!! :(
Answers
Answer:
Because there will be so many people, nobody will have time to talk, business will be booming, and there will be a lot more people. Nobody will want to stay, because its a big business, but small businesses, are a lot smaller (ofc) and people will be connected more, then having hundreds of people.
Explanation:
difference between service-orinated and level wise profession?
Answers
Diana's gross pay was $890 and her total deductions were $89. What is her net pay?
Answers
Explanation:
Greetings !
Diana's gross payment - Her deductions = Her net payment.
Thus, $890-$89=801$=Net payment of Diana.
Hope it heps!