Twenty-five Stembolts are sold for 8 each. A trade discount of 25% is offered on the sale.

Question:

Twenty-five Stembolts are sold for £8 each. A trade discount of 25% is offered on the sale. A discount of 2.5% is allowed for prompt payment. Calculate the value of the invoice for the total transaction.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

See More Books

Question Posted: Mar 08, 2024 07:01 AM

See More Questions

In this module you will be required to record: (1) payment of a short-term note, (2) write of a bad debt using the direct write-off method, (3) collection of a short-term note receivable, (4) sale of...
The following transactions were completed by Nelsons Hardware, a retailer, during September. Terms on sales on account are 1/ 10, n/ 30, FOB shipping point. Sept. 4 Received cash from M. Alex in...
Write all the journal entries Product Name Description Fish Finders Helm module using sonar to identify fish Propellers Propulsion unit designed specifically for V-drives Downriggers Transom mounted...
Hello, I am not sure onm this and need help please, thank you! For each of the following situations, list which ACID property is being violated, then describe what an ACID-compliant DBMS would have...
What determines the value of the exchange rate and its change under a flexible exchange rate system according to the monetary approach? How does a managed floating exchange rate system compare with a...
Provide an example of a good externalitythat is, one that increases a projects true NPV over what it would be if just its own cash flows were considered.
Based on the following pedigree for a trait determined by a single gene (affected individuals are shown as filled symbols), state whether it would be possible for the trait to be inherited in each of...
Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for use in North Sea oil fields. (The Norwegian currency is the krone, which is denoted by Nkr.)...
Who developed the relational model, when, and why?
Chris Curetons books show the following information for January 2005: Cash sales were 413.50 including VAT at 17.5%. VAT on purchases for the month was 1,898.66. Equipment purchased on 15 January...
Twelve tube alloys are sold to Moir Ltd for 40 each. A trade discount of 20% is allowed on the order and a cash discount of 5% is offered. However, Moir Ltd returns four of these. Calculate the value...
What is a suicide substrate? Why are they important?
Grand Teton Inc. own 25% of Grand Canyon Inc. and applies the equity method. During the current Year, Grand Teton sold merchandise with a cost of $120,000 to Grand Canyon for $180,000. At the end of...
watch the video below, then submit your response Please respond to the following questions 1. Should the husband have broken into the man's store to steal the drug for his wife? Why or why not? 2....
You are given the following information concerning two stocks that make up an index. Assume that the divisor is 2. What is the percentage return for the price-weighted index? Shares Outstanding...
Chrome File Edit View History Bookmarks Profiles Tab Window Help Tue Mar 21 5:38 PM PG Campus X Unit 6 Lab A X Do Homewo X Unit 6 Lab C X PUnit 6 Lab C X P Do Homewo X Inbox - chris X Course Hero X...
24) (2 pts) Calculate the amount of energy released by an earthquake if the magnitude of the earthquake on the Richter scale is 6.5. m = 2 + logx where: x energy released by an earthquake m magnitude...
A drum of 80-mm radius is attached to a disk of 160-mm radius. The disk and drum have a combined mass of 5 kg and combined radius of gyration of 120 mm. A cord is attached as shown and pulled with a...
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
Scot and Joplin are in partnership. They share profits in the ratio: Scot 70 per cent; Joplin 30 per cent. The following trial balance was extracted as at 31 December 2020: The following notes are...
Frame and French are in partnership sharing profits and losses in the ratio 3:2. The following is their trial balance as at 30 September 2023: (a) Inventory at the end of the year was 74,210. (b)...
A and B are in partnership sharing profits and losses 3:2. Under the terms of the partnership agreement, the partners are entitled to interest on capital at 5 per cent per annum and B is entitled to...
Hypothetical comparative condensed balance sheets of Nike, Inc. are presented here. Nike, Inc. Condensed Balance Sheets May 31 ($ in millions) 2022 2021 Assets Current assets $10,179 $8,700 Property,...
Warren Marina owns a large marina that contains numerous boat slips of various sizes. Warren contracts with boat owners to provide slips to house the customers' boats. Lucky Fisher Fleet contracted...
es As of June 30, Year 2, the bank statement showed an ending balance of $16,554. The unadjusted Cash account balance was $15,305. The following information is available: 1. Deposit in transit,...

Twenty-five Stembolts are sold for 8 each. A trade discount of 25% is offered on the sale.

Question:

Step by Step Answer:

Frank Woods Business Accounting Basics

Students also viewed these Business questions