Ivanhoe Company purchased merchandise inventory with an invoice price of $10200 and credit terms of 2/10, n/30. What is the net cost of the goods if Ivanhoe Company pays within the discount period?

Answers

Answer 1

The net cost of the goods if Ivanhoe Company pays within the discount period will be $9,996.

What does the credit score time period 2/10 N 30 mean?

2/10 Net 30 refers back to the trade credit presented to a consumer for the sale of products or services. 2/10 net 30 methods that if the quantity due is paid within 10 days, the consumer will revel in a 2% discount. Otherwise, the quantity is due in complete within 30 days.

As per information, 2% of 10,200 is equal to $204. The net cost of goods to be paid will be equal to

$10,200 - $204 = $9,996

Therefore, The net cost of the goods, if Ivanhoe Company pays within the discount period, will be $9,996.

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Related Questions

which strategy is used by firms that believe increasing colume of sales will help the firm more than increasing profits

Answers

Answer:

Sales Orientation

Create a monthly budget for yourself using the steps discussed in the unit. If you don't wish to discuss your financial situation, you can create a budget based on an average individual your age.

Answers

What is being discussed in the unit

Which promotional tool can be more effective when you are selling a complex product?
A. advertising
B. sales promotion
C. personal selling
D. public relations

Answers

Answer:

Personal selling

Explanation:

Personal selling is more flexible than other promotional tools such as advertising and sales promotion.

how does supply and demand factor into ticket prices

Answers

Tickets are things you use to go into theme parks

It may seem surprising that the CEO selected to replace Steve Jobs was hired from within the firm. When considering who to appoint as CEO, the board had to consider many factors. What condition existed at Apple that would have suggested a preference to hire from outside? a. Apple's need to reverse recent poor performance b. Appreciation of Apple's culture and core values c. Apple's need to continually innovate d. The need for the CEO to know the firm's core competencies as well as be able to develop new ones

Answers

Answer:

C Apple's need to continually innovate

Explanation:

Organisation personnel can be hired through internal recruitment - from within the organisation, or through external recruitment - from outside the organisation.

Internal Recruitment has advantage of fresh, new talented people with creative, innovative ideas. External Recruitment has advantage of no need to introduce & orient existing people with organisation culture, rules etc.

Apple condition existed, suggesting to hire from outside : Apple's need to continually innovate

Apple condition existed, favouring replacing CEO from within the firm : The need for the CEO to know the firm's core competencies as well as be able to develop new ones

Precision Parts, Inc., and Quik Fix Auto stores enter into a contract for a sale of specific auto parts. Precision Parts ships parts that do not meet the specifications. With respect to the entire shipment, Quik Fix Auto​

Answers

When Precision Parts ships parts that do not meet the specifications, Quik Fix Auto has several options available to them:

1. Reject the entire shipment:

Quik Fix Auto can reject the entire shipment of non-conforming parts and demand a refund or replacement of the parts. This is because Precision Parts breached the contract by failing to deliver goods that meet the agreed-upon specifications.

2. Accept the shipment:

If Quik Fix Auto decides to accept the shipment, they may still be entitled to a refund or replacement of the non-conforming parts, as well as any damages they incurred as a result of the breach.

3. Partial acceptance:

Quik Fix Auto may also choose to accept part of the shipment and reject the non-conforming parts. They would then be entitled to a refund or replacement of the rejected parts.

4. Negotiate a solution:

Quik Fix Auto and Precision Parts may negotiate a solution to the issue, such as a partial refund or replacement of the non-conforming parts.

Overall, "Quik Fix Auto has the right to expect that the parts they receive will meet the specifications they agreed upon when they entered into the contract. If Precision Parts fails to deliver goods that meet these specifications, Quik Fix Auto has legal options available to them to seek compensation for any losses they incurred as a result of the breach...

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what is one of the difficulties that emerges when the government uses price regulation? this can sometimes compromise .

Answers

A surplus of supply results from the higher price regulation discouraging consumers from purchasing agricultural products.

What does price regulation entail?

The practice of setting prices by a regulatory body, legal statute, or governmental organization is known as price regulation. Pricing can be set at a minimum and/or maximum according to this policy.

What kind of pricing regulation does the government use?

A price control strategy is the setting of a lower or higher selling price cap for particular goods and services. In other words, the maximum and minimum prices for goods and services are determined by the government.

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When a company's business strategy and technology strategy are intertwined, this situation is known as _______.

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When a company's business strategy and technology strategy are intertwined, this situation is known as convergence .

What is Convergence ?

Convergence is the inverse of divergence. It is used to explain the phenomena of the underlying commodity's futures and cash prices growing closer together over time. Most traders use the term convergence to describe the price motion of a futures contract.

In theory, convergence occurs because an efficient market will not permit something to trade for two prices at the same time. Because traders must consider the security's time value, the actual market value of a futures contract is lower than the contract price at issue. As the contract's expiration date approaches, the premium on the time value decreases, and the two values converge.

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A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements best explains a potential positive externality?

Answers

Answer:hi

Explanation:

The format for the equation of a circle is (x-h)^2+(y-k)^2=r^2, where (h,k) is your center and r is your radius. All we have to do is substitute the correct values, giving us the equation (x+2)^2+(y-1)^2=4

A certain drug treatment cures 90% of cases of hookworm in children. Suppose that 20 children suffering from hookworm are to be treated, and that the children can be regarded as a random sample from the population. Find the probability that:

a. all 20 will be cured
b. no more than 2 will be cured
c. at least 1 will be cured
d. more than 78% will be cured
e. What is the mean and standard deviation of the number of cured out of 20?
f. What is the mean and standard deviation of the proportion of cured out of 20 (Hint: if you define a variable to be the number cured out of 20, the proportion is).

Answers

Answer:

78% of 2.

Explanation:

Get a calculator. Press ON, then press 78 WITH PERCENT IF APPLICABLE. Times 2. Enter, thats your answer is what you get.

How do exchange traded funds (ETFs) differ from actively
managed mutual funds?
O ETFs generally come with high fees while actively managed mutual funds do not
O ETFs can be traded throughout the day while actively managed mutual funds cannot
O ETFs are generally seen as high-risk investments while actively managed mutual funds are not
O ETFs use a pool of money from multiple investors while actively managed mutual funds do not

Answers

Exchange traded funds (ETFs) differ from actively managed mutual funds is : ETFs can be traded throughout the day while actively managed mutual funds cannot

What is the difference?

A paramount distinction between exchange-traded funds (ETFs) and actively managed mutual funds is that ETFs can be transacted intraday on an exchange similarly to a share, whereas actively managed mutual funds are only available for purchasing or selling during the close of trading depending on their net asset value (NAV).

Furthermore, ETFs have typically been regarded as featuring reduced expense ratios when compared to actively managed mutual funds; this is largely due to the lower management charges along with trade costs. This is because ETFs are sciencefully crafted to abide by an index or certain market sector, instead of being managed by a fund manager with active decisions.

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Guys I need a little bit of help, please!

Desean sets up his zero based budget and has $175 left after he assigns all of his expenses to each category. What would be a good category for him to put that money in?​

Answers

Desean should put it in the money for bills category

Which position in a business manages cash and cash equivalents?


-financial accountant
-controller
-cost accountant
-treasurer

Answers

Answer:

Financial Accountant

Explanation:

Creating satisfied customers in order to ensure future sales requires customers to?

Answers

Creating satisfied customers in order to ensure future sales requires customers to. Believe that a brand offers superior value after they have used it.

What is Customer Satisfaction?

This refers to the utility that a customer gains from using a product that makes him want to use it again.

Hence, we can see that Creating satisfied customers in order to ensure future sales requires customers to. Believe that a brand offers superior value after they have used it.

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Now that you understand what investments are, you will search for three image examples that represent investments. You may choose to select images that represent the key concepts of investments, or examples of different types of
investments. In a short paragraph, explain why each of your selected images is an appropriate representation. Be sure
to follow proper image use and citation guidelines; click here for a quick review on these guidelines. In a second
paragraph, discuss the sources of each of your images and why they are reputable.

Answers

There are three main types of investments: Ownership, Lending, or cash. Ownership investments are the most volatile and profitable class of investment. Such as owning stock meaning owning a portion of a company. It may be a minuscule stake, but it's ownership. More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both. Lending money is a category of investing. The risks generally are lower than for many investments and, consequently, the rewards are relatively modest. A bond issued by a company or a government will pay a set amount of interest over a set period of time. The only real risk is that the company or government will go bankrupt, in which case the bondholder may get little or none of the investment back. A regular savings account is an investment. The investor is essentially lending money to the bank. The bank will pay interest to the account holder and will earn its profit by loaning out the rest of the money to businesses at a higher rate of interest. These are investments are "as good as cash," which means that they can be converted back to cash easily and quickly. Money market funds are more liquid than other investments, meaning you can write checks out of money market accounts just as you would with a checking account. Although, once you start writing checks on it you've erased much of its value as an investment.

Eager, a tipped employee, reported to his employer that he had received $320 in tips during March. On the next payday, April 4, he was paid his regular salary of $250. The amount of OASDI taxes to withhold from Eager’s pay is a. $19.84 b. $15.50 c. $35.34 d. $43.61 e. None of the above. 2 points

Answers

Answer:

Amount of OASDI taxes to withhold = $35.34

Explanation:

Find:

Amount received in march = $320

Amount of salary = $250

Find:

Amount of OASDI taxes to withhold .

Computation:

OASDI tax rate = 6.2%

Total amount = Amount received in march + Amount of salary

Total amount = $320 + $250

Total amount = $570

Amount of OASDI taxes to withhold = Total amount × OASDI tax rate

Amount of OASDI taxes to withhold = $570 × 6.2%

Amount of OASDI taxes to withhold = $35.34

Select the correct answer.
Read this excerpt from a college entrance essay:
I started a small landscaping business last summer so I could help pay for my hockey uniform and the program fees. Landscaping is hard work,
especially on hot summer days. But I enjoyed being outside and I liked earning some extra money. By the end of the summer, I doubled the
number of my clients, and I paid for new skates. So through this small venture, I glimpsed the rewards that come with being an entrepreneur
What conclusion does the writer make in this paragraph?
A Mowing lawns can be hard work, but it's worth the money earned,
OB. The experience helped the writer learn the benefits of starting a business,
OC. The writer was able to double his or her client base through hard work

Answers

The conclusion that the writer made at the end of the story is that  The experience helped the writer learn the benefits of starting a business.

What is the summary of the excerpt?

The writer takes the reader through the journey of how she started a business and the way she got customers for the business.

The ending of the story tells us that she looked on at the rewards she got from the act of starting the business at the end of it. Hence option B is correct.

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is 6 ft greater than 72 inches

Answers

No, 6ft=72in. There the same.
They are the same because 1 foot is 12 inches and 12 inches times 6 equals 72

Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?

Answers

All of the following, with the exception of conditions, are required.

Describe insurance.

One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.

An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.

Become familiar with

Insurance

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bottled water demand: as the hurricane approached to the gulf coast of the state of a, residents headed to local grocery stores to purchase cases of bottled water. what is the effect on the price of bottled water and on the quantity of bottled water demanded?

Answers

We discover that as hurricanes approach, sales of bottled water in coastal areas somewhat rise. After a cyclone makes landfall, we observe large increases in the sales of bottled water across all afflicted stores.

What harm does a hurricane cause?

In some storms, the wind alone can result in significant damage, including toppled trees and electricity lines as well as the collapse of weak parts of homes, businesses, or other structures. Hurricanes can also produce storm surges along the shore and excessive rainfall, both of which can result in significant damage.

How can hurricanes impact people?

Homes, businesses, and crops may be destroyed or damaged, as well as public infrastructure, and individuals may sustain injuries or lose their lives as a result of strong winds and storm surge water.

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Snookers Restaurant is open from 8:00 a.m. to 10:00 p.m. daily. Besides the hours the restaurant is open for business, workers are needed an hour before opening and an hour after closing for setup and cleanup activities. The restaurant operates with both full-time and part-time workers on the following shifts:
Shift Daily Pay Rate
7:00 a.m. – 11:00 a.m. $32
7:00 a.m. – 3:00 p.m. $80
11:00 a.m. – 3:00 p.m. $32
11:00 a.m. – 7:00 p.m. $80
3:00 p.m. – 7:00 p.m. $32
3:00 p.m. – 11:00 p.m. $80
7:00 p.m. – 11:00 p.m. $32
The following numbers of workers are needed during each of the indicated time blocks.
Hours Workers Needed
7:00 a.m. – 11:00 a.m. 11
11:00 a.m. – 1:00 p.m. 24
1:00 p.m. – 3:00 p.m. 16
3:00 p.m. – 5:00 p.m. 10
5:00 p.m. – 7:00 p.m. 22
7:00 p.m. – 9:00 p.m. 17
9:00 p.m. – 11:00 p.m. 6
At least one full-time worker must be available during the hour before opening and after closing. Additionally, at least 30% of the employees should be full-time (8-hour) workers during the restaurant’s busy periods from 11:00 a.m. – 1:00 p.m. and from 5:00 p.m. – 7:00 p.m.
a. Formulate an ILP for this problem with the objective of minimizing total daily labor costs.
b. Implement your model in a spreadsheet and solve it.
c. What is the optimal solution?

Answers

In the following question, among the various parts to solve- Besides the hours the restaurant is open for business, workers are needed an hour before opening and an hour after closing for setup and cleanup activities. a. the solution lies below, b. This model can be implemented in a spreadsheet, c. ILP is x7 = 3, x2 = 11, with a total daily labor cost of $448.

a. An ILP (Integer Linear Programming) model for this problem could be formulated as follows:
Minimize: Total Daily Labor Cost = 32x7 + 80x2 + 32x2 + 80x2 + 32x2 + 80x2 + 32x2
Subject to:
7:00am-11:00am: x7 >= 11
11:00am-1:00pm: x2 >= 24
1:00pm-3:00pm: x2 >= 16
3:00pm-5:00pm: x2 >= 10
5:00pm-7:00pm: x2 >= 22
7:00pm-9:00pm: x2 >= 17
9:00pm-11:00pm: x2 >= 6
Full-time Before and After Hours: x7 + x2 >= 1
Full-time during 11am-1pm and 5pm-7pm: 0.3(x7 + x2) >= 1
x7, x2: integer
b. This model can be implemented in a spreadsheet using standard spreadsheet software, such as Excel.
c. The optimal solution for this ILP is x7 = 3, x2 = 11, with a total daily labour cost of $448.

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1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.


sum of all the country's businesses spending on capital

gross imports

consumer spending

sum of government spending

gross exports

2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.


consumer spending

gross imports

sum of all the country's businesses spending on capital

gross exports

sum of government spending

Answers

Answer:

Selection of the part of the expenditures approach of calculating the GDP is being described:

1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.

=

consumer spending

2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.

=

sum of government spending

Explanation:

The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports.  Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.

Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.

Purchase of weapons for the military is part of government spending.

What is the expenditures approach?

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export

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16. risk-neutral valuation a stock is currently priced at $84. the stock will either increase or decrease by 18 percent over the next year. there is a call option on the stock with a strike price of $80 and one year until expiration. if the risk-free rate is 8 percent, what is the risk-neutral value of the call option?

Answers

The risk-neutral value of the call option with a strike price of $80 and one year until expiration is $7.68.

To calculate the risk-neutral value of the call option, we must first calculate the expected return of the stock. The expected return of the stock is (1.18*84 + 0.82*84)/2 = 84.84. The expected return of the stock must then be discounted back to the present value. This can be done using the risk-free rate of 8%. The present value of the expected return is 84.84 / (1.08)^1 = 78.21. The risk-neutral value of the call option is the difference between the present value of the expected return and the strike price, which is 78.21 - 80 = -1.79. The risk-neutral value of the call option is thus -1.79 + 8 = 7.68.

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If you use credit, what are you creating?
A.
A line of credit
B.
Debt
C.
Collateral
D.
A default

Answers

If you use credit what you are creating is debt. Hence the best answer to the question is option B.

What is the use of credit?

This is the term that is used to refer to the card or the money that is gotten from the financial institutions that help them to take care of the needs that they may have at the particular time period.

Another definition iof the credit would be when a person gets money from the financial institution through the credit card that would have them be able to buy goods as well as services while they would have to pay for these at a later date back to the company.

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

when someone clicks your ad, the actual amount you're charged will be. t/f

Answers

True. When someone clicks on your ad, you are typically charged for that click. This model is known as pay-per-click (PPC) advertising.

The actual amount you are charged per click may vary depending on the advertising platform and the bidding system in place.

In PPC advertising, advertisers set bids on specific keywords or target demographics, and when someone clicks on their ad, they incur a cost based on the bid amount. The exact amount charged per click is determined through an auction process, where factors such as bid amount, ad quality, and relevancy are taken into account.

It's important to note that while you are charged for each click, the effectiveness of those clicks in terms of generating conversions or achieving your desired goals may vary. The actual cost per click and the return on investment (ROI) from those clicks should be carefully monitored and optimized to ensure the best outcome for your advertising campaigns.

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Michelle needs to view and delete macros in a document. Which steps should she follow to perform this action?

Answers

Under the Developer tab, click the Macros button in the Code group, select the macro to delete, and press Delete.

What is the Macros button?

An alternative to keystrokes is the macro key. A key sequence is a set of keyboard, mouse, or menu operations connected to a command. Moreover, a program can be easily launched by pressing the macro key.

Michelle should follow these steps -

Open the document where the macros are located.

Click on the Developer tab.

In the Code group, click the Macros button.

A dialog box will appear, displaying the list of macros in the document.

Select the macro that needs to be deleted.

Press the Delete button.

It's worth noting that the other options are not correct steps. Pressing Alt+F8 will bring up the Macro dialog box, but it won't allow to delete macros. Pressing Alt+F11 will open the Visual Basic Editor, but it won't allow to delete macros either.

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1: Short Answer (20 marks total) Alyah a marketing manager for a chain of stores that sell sports equipment, Easy Riders. Easy Riders sells sports equipment but specializes in bicycles for all ages and abilities, including bicycles for children learning to ride. They pride themselves on their variety of merchandise and low price points that suit any budget. Alyah decides that she is going to use a contest to win a new bicycle and bicycle helmet in her stores. (3 marks total) 1. What category of integrated marketing communication is this an example of?

Answers

Alyah's contest is an example of sales promotion, which is a category of integrated marketing communication used to incentivize consumers to make purchases.

The category of integrated marketing communication that Alyah's contest is an example of is sales promotion. Integrated marketing communication is a strategy used by businesses and organizations to communicate effectively with their target audience. It involves coordinating all aspects of marketing communication, such as advertising, public relations, sales promotion, and personal selling, to promote a consistent brand image.

Sales promotion refers to short-term incentives used by businesses to persuade consumers to purchase their products or services. These incentives can take a variety of forms, including coupons, contests, samples, rebates, and discounts. The goal of sales promotion is to increase sales quickly and encourage customers to make repeat purchases. To summarize, Alyah's contest is an example of sales promotion, which is a category of integrated marketing communication.

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First, we need to figure out how much you want to borrow. You said you wanted to spend $5,000, and you will put $500 down. Based on that, we can estimate your taxes to be $340. Put those numbers into the calculator and press calculate to see how much money you will need for your loan.

Answers

"$4840" will be the total amount for the loan.

To "borrow" a thing means to use it with the purpose of giving it back. "Loan" is a word that can refer to either the act of giving anything to anyone or a number of funds it must be repaid with interest. That basically implies you can't say you're "borrowing" anything from anyone.

From the information that is provided:

Money that is spent  = $5000

Down payment made =  $500

The amount of taxes = $340

The total amount for the loan that is taken is

= 5000 - 500 +340

= $4840

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the simplest way to think about throughput is the quantity of work completed.a.trueb. false

Answers

The simplest way to think about throughput is the quantity of work completed. The given statement is true.

The quantity of work completed in a specific period of time, commonly referred to as throughput, is a key measure of efficiency and productivity in operations and production systems. Throughput measures the amount of product or service produced by a system and can be calculated by dividing the total output by the total input. In many organizations, the goal is to maximize throughput by reducing bottlenecks and increasing efficiency. This can be achieved through various means such as streamlining processes, investing in technology and equipment, and improving the skills and knowledge of employees. By focusing on improving throughput, organizations can increase their output, reduce waste, and ultimately achieve greater success. It is important to note that while throughput is a useful metric, it should not be the sole focus of an organization.

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