Awesome Software purchases programs from Apple Inc., with an invoice price of $14,900 and terms of sale

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

Question:

Awesome Software purchases programs from Apple Inc., with an invoice price of $14,900 and terms of sale of 3/15, n/30. What is the net amount due on the order if a partial payment of $2,000 is made on the 15th day?

a. $12,900.00

b. $12,838.14

c. $2,061.85

d. $1,200.00

Related Book For answer-question

Advanced Accounting

ISBN: 978-0078025402

11th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

See More Books

Posted Date: Aug 29, 2018 08:17 AM

See More Questions

An Australian importer of goods and services would prefer: Select one: a. O b. C. O d. a devaluation of the AUD. a depreciation of the AUD. a revaluation of the AUD. an appreciation of the Australian...
What is the net advantage to leasing (NAL)? Does your analysis indicate that Lewis should buy or lease the equipment? Explain. Lewis Securities Inc. has decided to acquire a new market data and...
What is the Net Present Value (NPV) criterion for investment decisions? How does one calculate the NPV of an investment project? If all cash flows for a project are certain, what discount rate should...
During the year 100,000 parts were handled 80,000 for regular stroller and 20,000 for jogging strollers 20,000 firmness tests were conducted 13,000 for regular stroller and 7,000 for jogging and...
In the vector space C (a, b] of infinitely differentiable functions on the interval [a, b], consider the derivative transformation D and the definite integral transformation I defined by (a) Compute...
Car B is initially stationary and is struck by car A, which is moving with speed v. The mass of car B is pm, where m is the mass of car A and p is a positive constant. If the coefficient of...
What are the two outcomes in the group effectiveness model? What factors affect these outcomes?
Stan Fawcetts company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3,000 units. Stan...
How does the psychologic and economic impact differ from other forms of terrorism such as cyber terrorism? Also, how does a client's prejudices and attitudes can pose a danger to the personal...
Use the crime data from the previous exercise to perform association rule analysis. Make sure to read the data file using the readtransactions function first. a. Explore the data using an item...
What is the relationship between Global marketing and R&D? Describe your marketing plan. Discuss the pro/cons of internet vs. personal selling and identify (specific) appropriate applications for...
Harry Daffodil is a 3 rd year accounting student at Kwantlen and also works part - time as a bookkeeper for a plant store in Surrey. He would like you to prepare his 2 0 2 1 tax return and has...
Discover and report what products are sold and how they are related to the chiropractor or servic?
Management is confident that the company can sell 54,450 games next year (an increase of 9,450 games, or 21%, over last year). Given this assumption: a. What is the expected percentage increase in...
if a company that sells 3 0 million in merchandise every year estimates that about 1 million in merchandise will be returned for refund how should this revenue be recognized and reported ?
Explain how using "hold to maturity accounting" for SpinCo's assets affects the value of SpinCo. Is the market value that investors will pay for SpinCo different if the initial transfer of assets is...
Write a complete program using console output. 1. Use newline/endl and tab syntax. 2. Precisely match the example output format shown below. Example output: Hello*** ET575*** class!!!
4. Jobe dy -Y 2 et by
When Althea went to the grocery story, she decided that it was not necessary to write down her shopping list. She felt that because she only needed a few things that she would remember them all. When...
On January 1, 2011, Alpha acquired 80 percent of Delta. Of Delta's total business fair value, $125,000 was allocated to copyrights with a 20-year remaining life. Subsequently, on January 1, 2012,...
Plumas, Inc., owns 85 percent of Santa Cruz Corporation. Both companies have been profitable for many years. During the current year, the parent sold for $100,000 merchandise costing $70,000 to the...
How are fiduciary funds reported on government-wide financial statements?
The contour of a bumpy road is approximated by \[ y(x)=0.03 \sin (0.125 x) \mathrm{m} \] What is the amplitude of the vertical acceleration of the wheels of an automobile as it travels over this road...
A 2 ton truck is traveling down an icy, $10^{\circ}$ hill at $50 \mathrm{mph}$ when the driver sees a car stalled at the bottom of the hill $250 \mathrm{ft}$ away. As soon as he sees the...
The velocity of the block of the system of Figure P1.11 is $\dot{y}=0.02 \sin 20 t \mathrm{~m} / \mathrm{s}$ downward. (a) What is the clockwise angular displacement of the pulley? (b) What is the...

Awesome Software purchases programs from Apple Inc., with an invoice price of $14,900 and terms of sale

Question:

Expert Answer:

As partial payment on kth day 2000 So 3 dis... View the full answer

Advanced Accounting

Students also viewed these accounting questions