09/12/24
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Complete the following by calculating the cash discount and net amount paid:
Gross amount of invoice (freight charge already included) - $7,000
Freight Charge - $100
Date of invoice - 4/8
Term of invoice - 2/10, n/60
Date of payment - 4/15
Cash discount - $_____
Net amount...
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A fixed asset with a cost of $30,000 and accumulated depreciation of $27,500 is sold for $3,500. What is the amount of the gain or loss on disposal of the fixed asset?
A. $3,500 gain B. $1,000 gain C. $1,000 loss D. $2,500 loss C. $3,500 loss D. $2,500 gain
12/03/19
Business mathematics
$200 was saved every month for four years in an account that pays 6% compounded monthly.find the accumulated value if the interest rate was changed to 8% compounded monthly after one year
11/19/19
Stear Corp. bought a commercial vehicle for $30,000 in the month of June 2015. It pays 50% of its purchase price by check immediately. It signs an agreement with the dealer to pay the balance in
the month of December 2015. How will you classify the transaction for purchase when it is recorded in the journal?A. simple journal entryB. compound journal entry C. complicated journal...
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10/10/19
Answer for an income statement
At the end of Oates Department Store’s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.
Freight-In
$ 5,060
Inventory...
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01/21/19
Community Health Question, Please Help
You have been instructed by your supervisor to reach out to the community and create a task force to address a specific local problem. Discuss how you would organize people who will be the...
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