The gross amount of an invoice with freight charge

Assignment Help Financial Management
Reference no: EM13877943

The gross amount of an invoice with freight charge included is $500. The freight charge is $100. The invoice is dated November 29 with terms of 1/10 EOM. Payment is made on January 4. Find: (a) the cash discount, and (b) the net amount paid.

Reference no: EM13877943

Questions Cloud

Discuss the effect of these lease agreements on leverage : Some fast food restaurants have lease agreements where their rental payment is a nominal amount plus a percentage of sales, rather than a fixed monthly amount. Discuss the effect of these lease agreements on the leverage and risk of the company.
Corporation is evaluating the relevant cash flows : A corporation is evaluating the relevant cash flows for a capital budgeting decision and must estimate the terminal cash flow. The proposed machine will be disposed of at the end of its usable life of five years at an estimated sale price of $2,000. ..
Two different salary arrangements : You have just joined an investment banking firm. They have offered you two different salary arrangements. You can have $50,000 per year for the next 3 years or $25,000 per year for the next 3 years, along with a $50,000 signing bonus today. If the ma..
Long-term debt-total equity and total liabilities and equity : Set up an income statement that includes revenue, COGS, GM, EBIT, EBT and EAT. Set up a balance sheet that includes current assets, fixed assets, total assets, current liabilities, long-term debt, equity (paid in capital) and retained earnings, total..
The gross amount of an invoice with freight charge : The gross amount of an invoice with freight charge included is $500. The freight charge is $100. The invoice is dated November 29 with terms of 1/10 EOM. Payment is made on January 4. Find: (a) the cash discount, and (b) the net amount paid.
Purpose of classifying cash flows into the categories : The cash flow data of Calendar Company for the year ended December 31, 2004 are as follows: Cash payment of dividends $ 80,000, Purchase of land $ 18,000, Cash payments for interest $ 20,000, Prepare a statement of cash flows for Calendar Company usi..
What is the current price of a bond : What is the current price of a bond if it is priced to yield 2 percent, has a $1,000 face value, has 10 years to maturity, pays semiannual coupon payments, and has a coupon rate of 7 percent?
Present value of an annuity to increase : Which of the following would cause the present value of an annuity to increase?
Magazine sweepstakes and opted to take unending payments : You just won the magazine sweepstakes and opted to take unending payments. The first payment will be $35,000 and will be paid one year from today. Every year thereafter, the payments will increase by 2% annually. What is the present value of your pri..

Reviews

Write a Review

 

Financial Management Questions & Answers

  Determine the effect of the scholarship on gross income

What is the taxpayer’s gross income in each of the following situations? Darrin received a salary of $50,000 in 2013 from his employer, Green Construction. Determine the effect of the scholarship on gross income of Sally (for question 1) and then det..

  The economic order quantity model

Company sells 2,391 chairs a year at an average price per chair of $170. The carrying cost per unit is $30.15. The company orders 499 chairs at a time and has a fixed order cost of $92 per order. The chairs are sold out before they are restocked. How..

  Present value if the payments are an annuity due

Suppose you are going to receive $13,500 per year for five years. The appropriate inerest rate is 8.4 percent. What is the present value of the payments if they are in the form of an ordinary annuity and what is the present value if the payments are ..

  1 on march 22 2013 tenkiller torque technology ttt was

1. on march 22 2013 tenkiller torque technology ttt was taken private in a leveraged buyout financed in part by a 5

  What was its total assets turnover ratio

Shark Corporation's target capital structure is 30% debt, 15% preferred, and 55% common equity. The interest rate on new debt is 7%, the yield on the preferred is 6.00%, the cost of common from reinvested earnings is 11.25%, and the tax rate is 40%. ..

  About the yield to call and realized rates of return

Seven years ago, Goodwynn & Wolf Incorporated sold a 20-year bond issue with a 14% annual coupon rate and a 9% call premium. Today, G&W called the bonds. The bonds originally were sold at their face value of $1,000. Compute the realized rate of retur..

  What must the coupon rate be on the bonds

Page Enterprises has bonds on the market making annual payments, with twelve years to maturity, and selling for $960. At this price, the bonds yield 6.50 percent. What must the coupon rate be on the bonds?

  What is the monthly mortgage payment

Suppose you are buying your first house for $400,000 with 20% down payment. You have arranged to finance the remaining amount with a 30-year, monthly payment, amortized mortgage at nominal annual rate of 3.6%. What is the monthly mortgage payment?

  Dividends are expected to grow-what is current share price

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth rate falling off to a constant 5 percent thereafter. If the required return is 11 percent, and the company just paid a di..

  Credit sales increase

Credit Sales increase?

  What is beta of portfolio comprised of securities

What is the beta of a portfolio comprised of the following securities? Stock Amount Invested Security Beta

  Analyze economic-political environment in budget development

Prepare an APA written paper that includes citations from professional literature relating to Higher Education. Analyze the budget processes of private and public colleges/universities. Analyze the economic/political environment in which budget devel..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd