What was the amount of each payment

Assignment Help Finance Basics
Reference no: EM13259210

Sutton Trucking made 2 equal payments, on June 25 and July 15, on an invoice dated June 15 with terms 3/10, 1/30, n/60. The payments reduced the balance owed on the invoice to 1043.33. What was the amount of each payment ?

Reference no: EM13259210

Questions Cloud

The chances of becoming avictim of crime : Does a person bear some of the responsibility for his orher victimization if the person has a lifestyle (e.g., membership in gang,history of drug abuse, etc.) that contributes to the chances of becoming avictim of crime?
What interest was credited to roger account : What interest was credited to Roger's account on June 30 ? The brokerage firm includes interest for both January 1 and June 30 in the June 30 payment. Assume that Febuary has 28 days.
Proper provision for doubtful accounts : Allowance for Doubtful Accounts has an unadjusted balance of $1,100 at the end of the year, and an analysis of customer's accounts indicates doubtful accounts of $12,900. Which of the following records the proper provision for doubtful accounts?
Find the emf induced in the inner solenoid : One solenoid is centered inside another. The outer one has a length of 55.0cm and contains 6800 coils, Find the emf induced in the inner solenoid
What was the amount of each payment : Sutton Trucking made 2 equal payments, on June 25 and July 15, on an invoice dated June 15 with terms 3/10, 1/30, n/60. The payments reduced the balance owed on the invoice to 1043.33. What was the amount of each payment ?
Pension plan of brady company : The following information is available for the pension plan of Brady Company for the year 2010.
Define potential of ph electrodes can vary : Because the potential of pH electrodes can vary, it is necessary to CALIBRATE a pH electrode before use. For many uses, a two-point calibration procedure is appropriate.
How do you explain gender differences in the crime rate : How do you explain gender differences in the crime rate? Doyou think males are more violent than women and explain why this is or is notthe case?describe in 150 words.
Physical count of office supplies : On December 31, 2008, a physical count of office supplies revealed that there was $700 worth on hand. As a result of this information, the bookkeeper will have to

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain the economic interpretation of the discount factor

CMBA 5621 Financial Management,  Individual Problem Set #1: Explain the economic interpretation of the discount factor (1/interest rate factor) calculated from the market price of a risk free investment.

  What must the rating of the bonds be for them to sell at par

c. What must the rating of the bonds be for them to sell at par?d. Suppose that when the bonds are issued, the price of each bond is $959.54. What is the likely rating of the bonds? Are they junk bonds?

  How will a budget help the not for profit organizations

How will a budget help the given entities: non-manufacturing, serviced-based business, manufacturing,  & not-for-profit organizations help achieve its financial goal?

  Calculate npv of the loan

A small business is receiving a 5 year $1,000,000 loan at a subsidized rate of 3% per year. The firm will pay 3 percent annual interest payment each year and the principal at the end of 5 years.

  Calculate current price and required return

The Boulder Inc., just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year, indefinitely.

  Calculate capital charge per procedure

You have obtained a new CT scanner at a cost of $750,000. You expect to perform 7,000 procedures per year over the estimated five year life of scanner.

  Performance measures in the organization

Chow Corporation is an insurance company in Hong Kong. Chow hires fifty-five people to process insurance claims. The volume of claims is extremely high and all claims examiners are kept extremely busy.

  Capital structure and growth plans

Sustainable growth. A firm has decided that its optimal capital structure is 100 percent equity financed. It perceives its optimal dividend policy to be a 40 percent payout ratio.

  Defined benefit pension plan

Kenny's Aquatics, Inc. sponsors both a profit sharing plan and a defined benefit pension plan.  If Kenny's Aquatics would also like to contribute the maximum to the profit sharing plan, how much can they contribute?

  Calculate the effective annual rate of interest

John Fleming has been shopping for a loan to finance the buy of a used car. He has found three possibilities that seem attractive and wishes to choose one with the lowest interest rate.

  What is the projects free cash flow in year 1

This new project will generate additional sales revenue of $112,000 while additional operating costs, excluding depreciation, will be $68,000. Vandelay' s marginal tax rate is 35%. What is the projects free cash flow in year 1?

  Find the amount for dividends payment

Wheeler Company had retained earnings as of 12/31/08 of $12 million. During 2009, Wheeler's net income was $4 million. Retained earnings balance at the end of 2009 was equal to 13 million dollar.

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