subject
Business, 16.10.2019 00:00 kingteron6166

Purchases transactions xanadu company purchased merchandise on account from springhill company for $12,600, terms 1/10, n/30. xanadu returned merchandise with an invoice amount of $2,800 and received full credit.

a. if xanadu company pays the invoice within the discount period, what is the amount of cash required for the payment? if required, round the answer to the nearest dollar. $
b. what account is debited by xanadu company to record the return?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:40
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
question
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
question
Business, 23.06.2019 00:00
3. which of the following occupations relate to a skill category of mathematics and data? select all that apply. (2 correct answers) engineer financial analyst mechanic sales person 4. which of the following occupations relate to a skill category of words and literacy? select all that apply. (2 correct answers) educator lawyer marketing manager psychologist architect
Answers: 1
question
Business, 23.06.2019 01:00
Corporation had a japanese yen receivable resulting from exports to japan and a brazilian real payable resulting from imports from brazil. gracie recorded foreign exchange gains related to both its yen receivable and real payable. did the foreign currencies increase or decrease in dollar value from the date of the transaction to the settlement date?
Answers: 2
You know the right answer?
Purchases transactions xanadu company purchased merchandise on account from springhill company for $...
Questions
Questions on the website: 13722362