Compute the discount amount

Assignment Help Accounting Basics
Reference no: EM133130040

Question - An invoice has terms of 4/5, n/25. The invoice date is October 23. The invoice amount is $2,000. Compute the discount amount if paid on October 25.

A. $50

B. $65

C. $80

D. $100

Reference no: EM133130040

Questions Cloud

Determine the depreciation charge : Determine the depreciation charge during the 6th year by Sinking Fund Method assuming 10.5% compounded annually.
Compute kelly and fishers price index numbers for 2021 : Construct the cost-of-living index number for 2020 on the basis of 2018 from the given data. Advice a donor agency on what course action to take if the informa
Decreases the value of a documentary credit : An amendment decreases the value of a documentary credit. When should the credit facility amount be decreased accordingly?
Counterfeiting-digital piracy : Why is counterfeiting/digital piracy typically more prevalent in developing nations?
Compute the discount amount : An invoice has terms of 4/5, n/25. The invoice date is October 23. The invoice amount is $2,000. Compute the discount amount if paid on October 25
Calculate the value of p for which demand is unit elastic : The demand function is given by: Q: Y e' "'01P. a) If Y = 800, calculate the value of P for which the demand is unit elastic.
What conclusions can we draw from genesove : What conclusions can we draw from Genesove (1993) and the wider empirical literature (two otheracademic articles of your choice) about the existence of adverse
Compute depreciation expense : Compute depreciation expense for 2022 and 2023 using (1) the straight-line method, (2) the units-of-activity method, and (3) the double-declining-balance method
Explain company approach in situation : A company requires Rs. 5 crores for inventories, payment for the workers, need to maintain the bank balance, salaries to the employees and other variable costs

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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