If a $50,000 sale is made on January 1, with terms of 1/10, n/30, how much would

Question:

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?

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

Step by Step Answer:

Related Book For book-img-for-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1111534912

8th edition

Authors: Gary A. Porter, Curtis L. Norton

See More Books

Question Posted: Feb 16, 2018 07:43 AM

See More Questions

You receive an invoice from a supplier for $5,000 on January 1 with terms 3/15, n/30. If you pay between January 1 and January 16, how much must you pay? If you pay after January 16, how much must...
You receive an invoice from a supplier for $5,000 on January 1 with terms 3/15, n/30. If you pay between January 1 and January 16, how much must you pay? If you pay after January 16, how much must...
The following situations involve time value of money calculations: 1. A deposit of $7,000 is made on January 1, 2012. The deposit will earn interest at a rate of 8%. How much will be accumulated on...
The read-write head for a hand-held music player has a surface area of 0.04 mm. The head is held 0.04 m above the disk, which is rotating at a constant rate of 1800 rpm. Determine the torque T that...
A tank contains helium at 100C and 10 kPa gage the helium is heated in a process by heat transfer from the surroundings such that the helium reaches a final equilibrium state at 300C. Determine the...
What are the elements of JIT purchasing?
Both PM and benefits information systems make provisions for employee access and input. What access would you provide in each of these systems, and what leeway would you provide employees in reading,...
Kaizen Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans...
In a random sample of 50 men, 27 own cats. Complete a full hypothesis testing the claim that the proportion of men that own cats is equal to 54%. Use a significance level of 5%. a.) Clearly state the...
A fitness center bought a new exercise machine called the Mountain Climber. They decided to keep track of how many people used the machine over a 3-hour period. Find the mean, variance, and standard...
If $80,000 is invested in a fund on December 31, 2016, what is the amount of each of 6 annual withdrawals starting on December 31, 2017, that would deplete the fund if the interest rate earned in the...
If a company has gross sales revenue of $630,000, net sales of $600,000, and cost of goods sold of $378,000, the gross profit rate is 1) 37%. 2) 40% 3) 60%. 4) 63%.
Free-convection heat loss from a vertical surface, a small heating panel consists essentially of a flat, vertical, rectangular surface 30 cm high and 50 cm wide. Estimate the total rate of heat loss...
Visit a business news website (such as Forbes or a similar organization) and identify three types of employment advice it offers that you havent learned in class. Do you find this advice to be...
I recommend reflecting on your experience with this chapters exercise before continuing. You can reflect about anything you found relevant, but here are some questions you may want to consider: What...
Using data from Appendix 8, construct a graph to show the trend in the third ionization energies of the elements from Li to Kr. Compare the graph with that shown in Fig. 1.16, and rationalize what...
Figure 4.42 shows the EPR spectra for two isotropic systems in which the unpaired electron interacts with two 14 N nuclei (I = 1). (a) Use Fig. 4.42a to calculate the gyromagnetic factor of the...
The industrial manufacture of NH 3 from N 2 and H 2 is carried out on a huge scale using heterogeneous catalysis, i.e. the reaction between gaseous N 2 and H 2 is carried out over a solid catalyst....
1. When GMC closed the Ypsilanti plant, almost 20 percent of Ypsilantis population became unemployed overnight. Who were the primary and secondary stakeholders affected? 2. How would you describe...
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
Recognition of RevenueTheory the earning of revenue by a business enterprise is recognized for accounting purposes when the transaction is recorded. In some situations, revenue is recognized...
Recognition of Revenue'Bonus Dollars Griseta & Dubel Inc. was formed early this year to sell merchandise credits to merchants who distribute the credits free to their customers. For example,...
Recognition of Revenue'Bonus Dollars Griseta & Dubel Inc. was formed early this year to sell merchandise credits to merchants who distribute the credits free to their customers. For example,...
What effect does an antagonist drug have over the receptors ?
Read this article on the differences and Comparisons between UNIX and LINUX http://www.diffen.com/difference/Linux_vs_Unix, then do some research and post your thoughts on each of the systems. Based...
Assume that in 2023, Bobby had a vacant lot that was given to him as a gift from his father that had an FMV of $40,000 and an adjusted basis of $15,000.

If a $50,000 sale is made on January 1, with terms of 1/10, n/30, how much would

Question:

Step by Step Answer:

Terms of 110 n30 means is total discount will be provide if total ...View the full answer

Using Financial Accounting Information The Alternative to Debits and Credits

Students also viewed these Corporate Finance questions