If the merchandise is purchased for $1,000 on August 1, with terms of sale of 2/10, n/30,
Question:
If the merchandise is purchased for $1,000 on August 1, with terms of sale of 2/10, n/30, the amount due to the vendor on August 9 is
a. $1,000.
b. $990.
c. $980.
d. $20.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
If the merchandise is purchased for 1000 on August 1 with terms of sal...View the full answer
Answered By
Marvine Ekina
Marvine Ekina
Dedicated and experienced Academic Tutor with a proven track record for helping students to improve their academic performance. Adept at evaluating students and creating learning plans based on their strengths and weaknesses. Bringing forth a devotion to education and helping others to achieve their academic and life goals.
PERSONAL INFORMATION
Address: , ,
Nationality:
Driving License:
Hobbies: reading
SKILLS
????? Problem Solving Skills
????? Predictive Modeling
????? Customer Service Skills
????? Creative Problem Solving Skills
????? Strong Analytical Skills
????? Project Management Skills
????? Multitasking Skills
????? Leadership Skills
????? Curriculum Development
????? Excellent Communication Skills
????? SAT Prep
????? Knowledge of Educational Philosophies
????? Informal and Formal Assessments
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Automotive Excellence Inc. borrowed $20 000 on August 12 with an interest rate of 6.75% per annum. On November 1, $7500 was repaid, and on December 15, $9000 was repaid. Automotive Excellence paid...
-
When merchandise is purchased for a large store, why are department managers not permitted to deal directly with suppliers?
-
On August 1, Gilmore Company purchased merchandise from Hendren with an invoice price of $ 60,000 and credit terms of 2/10, n/30. Gilmore Company paid Hendren on August 11. Prepare any required...
-
A website that reviews recent movies lists 6 five-star films (the highest rating), 17 four-star films, 14 three-star films, 9 two-star films, and 4 one-star films. Make a frequency table for the data...
-
Describe how revenue is recognized for mining companies that extract ore.
-
The highest-energy cosmic ray ever detected had an energy of about \(3.0 \times 10^{20} \mathrm{eV}\). Assume that this cosmic ray was a proton. a. What was the proton's speed as a fraction of \(c\)...
-
An inward flow radial turbine (see Fig. P5.89) involves a nozzle angle, \(\alpha_{1}\), of \(60^{\circ}\) and an inlet rotor tip speed, \(U_{1}\), of \(6 \mathrm{~m} / \mathrm{s}\). The ratio of...
-
Your employer engages in numerous joint processes that produce significant quantities and types of by-product. You have been asked to give a report to management on the best way to account for...
-
A race car team would like to assess the performance of its rear wheel drive vehicle though simulation on the track shown. The car and driver mass is 2000 Kg and the coefficient of kinetic friction...
-
The binary data stream 011100101 is applied to the input of a modified duobinary system. (a) Construct the modified duobinary coder output and corresponding receiver output without a precoder. (b)...
-
Define merchandising business.
-
You have just hired Geoffrey Hillman to be the accounting clerk for the Hats Off Corporation, a merchandiser of hats, caps, and scarves. Geoffrey has worked as a payroll clerk, but not in sales or...
-
The following data represent the earned-run average (ERA) of the top 40 pitchers in both the American League and National League in 2010. ERA is the average number of earned runs given up per 9...
-
What is self paced interview ? What kind of questions come in this kind of interviews?
-
What has led to the issue of addiction that we see today? What are government agencies doing to address the issue? And what interest groups or nonprofit agencies are there that are helping address...
-
This is wrong bad news email written , please correct this bad news message. Subject: after thinking it over, I've decided to not grant you the free repair for your sony plasma tv and blu-ray player....
-
What strategies are employed in enzyme engineering to enhance catalytic efficiency, substrate specificity, and stability for biotechnological and therapeutic applications ?
-
A researcher hypothesizes that the Gross Domestic Product (measured in millions of dollars) of a country is impacted by its percent Urban Population (measured as % of population living in Urban...
-
Prove that the points (0,0.0), (1, 1.0), (1,0, 1), (0. 1.1) form the vertices of a regular tetrahedron, meaning that all sides have the same length. What is the common Euclidean angle between the...
-
State whether each of the following will increase or decrease the power of a one-way between-subjects ANOVA. (a) The effect size increases. (b) Mean square error decreases. (c) Mean square between...
-
Home Depots annual report appears as follows in summary form. (This information was obtained from the companys Web site, www.homedepot.com. Required: a. The financial information in the companys...
-
The balance in Mesa Companys raw materials inventory account was $45,000 at the beginning of April and $38,000 at the end of April. Raw materials purchased during the month totaled $55,000. Mesa used...
-
The following financial information is for Leeward Company. (Note that the most current financial information is presented in the first column.) Of the total raw materials placed in production for...
-
What is one specific security tactics to protect the network. Identify specific tools selections to accomplish compliance and audit requirement Describe how alerts would be collected and presented...
-
1. Solve each equation for x, where 0x & a) sin x-= 0 b) cosx-3 cosx+2=0
-
Explain Article III Standing, and explain how to achieve standing. b) Explain Negligence, and provide an example of a Negligence claim. c) What happened in the case of Genesco v. Visa? d) Explain the...
Study smarter with the SolutionInn App