What would be the discount

Assignment Help Accounting Basics
Reference no: EM133059250

Question - If a company purchased food for $5,000 and terms were 3/10 n 30 and the company paid in full after 7 days then a) what would be the discount? b) what would the company pay? c) what would the company pay if they paid after 25 days?

Reference no: EM133059250

Questions Cloud

What technological factors affects competitive landscape : Think about Covid 19 and how the business world is changing, what technological factors affects the competitive landscape.
Prepare the adjusting journal entry for bad debt expense : If the allowance for doubtful accounts had a debit balance of $900 instead of a credit balance of $2,800, prepare adjusting journal entry for bad debt expense
Levels of strategy and strategy implementation : Distinguish between different types and levels of strategy and strategy implementation. Is this strategic alliance successful? Justify.
Analyses your personal communication experiences : Recognize advanced knowledge and skills required in written, oral, and interpersonal communication to address complex business problems
What would be the discount : If a company purchased food for $5,000 and terms were 3/10 n 30 and the company paid in full after 7 days then a) what would be the discount
Prepare journal entries for Apple to record the transaction : Prepare journal entries for Apple to record the transaction above including adjustments at year end. Apple does not designated option as a hedge
Ethical leadership is form of leadership : Ethical leadership is a form of leadership in which individuals demonstrate conduct for the common good that is acceptable and appropriate in every area of life
Prepare all journal entries and compute ending balances : Other data related to the pension plan for 2020: Service cost 315,000. Prepare all journal entries and compute ending balances for PBO & PA

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