A $1,000 sale is made on May 1 with terms 2/30, n/60. Items with a $100 selling
Question:
A $1,000 sale is made on May 1 with terms 2/30, n/60. Items with a $100 selling price are returned on May 3. What amount, if received on May 9, will be considered payment in full?
a. $700
b. $800
c. $882
d. $900
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
Question Posted:
Students also viewed these Business questions
-
A credit sale is made on July 10 for $900, terms 2/10, n/30. On July 12, $100 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the...
-
A credit sale is made on July 10 for $700, terms 2/10, n/30. On July 12, $100 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the...
-
If a $50,000 sale is made on January 1, with terms of 1/10, n/30, how much would the discount is if payment is made on January 13?
-
In the Diffie-Hellman protocol, what happens if, x and y have the same value? That is, Alice and Bob have accidentally chosen the same number. Are the values of R1 and R2 the same? Are the values of...
-
Two springs with same spring constant are installed in a massless piston/cylinder with the outside air at 100 kPa. If the piston is at the bottom, both springs are relaxed and the second spring comes...
-
Using the ERD you drew in Problem 2 create the equivalent Object representation and UML class diagram.
-
Choose an appropriate closed system and draw a bar diagram representing the energy conversions and transfers that occur during each process of Checkpoint 7.9: (a) a ball launching as the compressed...
-
Joe, a resident of New Jersey, wants to open a restaurant. He asks Kay, his friend, an experienced attorney and a New Yorker, for her business and legal advice in exchange for a 20 percent ownership...
-
With the evolution of operating systems in mind, I think it would be interesting to hear of your own experiences with operating systems. Share your experiences with us by engaging in a conversation...
-
Iron deficiency is common for peaches and other fruits grown on highly alkaline irrigated soils of arid regions. even though these soils are quite high in iron. How do you account for this Situation...
-
A company bundles a product and service that separately sell for $40 and $60, respectively. If the bundled price is $80, how much revenue is recognized for delivering the product? a. $32 b. $40 c....
-
Which of the following does not affect Net Sales? a. Sales Returns and Allowances b. Sales Discounts c. Cost of Goods Sold d. Sales Revenue
-
The management of the just Like Home restaurant has asked you to analyze some of its processes. One of these processes is making a single-scoop ice cream cone. Cones can be ordered by a server (for...
-
Which option would best help the external auditor evaluate the objectivity of the client's internal auditor? Group of answer choices Evaluate the quality of the internal auditor's documentation...
-
Equipment acquired at the beginning of the year at a cost of $125,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. Determine the (a) depreciable cost, (b)...
-
With respect to the Hola-Kola case: The Capital Budgeting Decision, why is Net Working Capital not added for every single year 1,2,3,4 as well? Ideally, there should be no WC in Year 0 because the...
-
Kenji is a 34-year-old lawyer who just bought a universal life insurance policy to protect his two children (ages 5 and 6) in the event of his death. Each year, Kenji chooses how much he would like...
-
On January 1 of the current year, Barton Corporation issued 6% bonds with a face value of $76,000. The bonds are sold for $73,720. The bonds pay interest semiannually on June 30 and December 31, and...
-
Verify expression (4), Sec. 32, for log(z1/z2) by (a) Using the fact that arg(z1/z2) = arg z1 arg z2 (Sec. 8); (b) Showing that log(1/z) = logz (z 0), in the sense that log(1/z) and log z have the...
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
Ryan Olson organized a new company, MeToo, Inc. The company provides networking management services on social network sites. You have been hired to record the following transactions. a. May 1: Issued...
-
Barbara Jones opened Barbs Book Business on February 1. You have been hired to maintain the companys financial records. The following transactions occurred in February, the first month of operations....
-
Lakewood Tennis Club (LTC) operates an indoor tennis facility. The company charges a $ 150 annual membership fee plus a member rental rate of $ 20 per court per hour. LTCs fiscal year end is August...
-
2. Consider a consumer with CES utility u(x1, x2) = x + x2- (a) Does this consumer have preferences the "increasing difference prop- erty"? How about the strict increasing difference property? Make a...
-
(5 pts) In early 2020, The Week reported that the median wage for Costco's employees is almost $39,000. This is higher than the median wage for all Americans and much higher than Walmart's median...
-
Ports should also be able to adapt to global and regional political or social changes. Historically, it is apparent that unexpected sociopolitical developments have demanded ports to change their...
Study smarter with the SolutionInn App