Discount on bills payable

Assignment Help Financial Accounting

Reference no: EM1312692

Descriptive Questions - Discount on Bills payable.

1. If an organization purchases $700 of supplies on account, with terms of 2/15, n50:
a.$650 must be paid within 15 days of the invoice date
b.$698 must be paid within 50 days of the invoice date
c.$686 can be paid within 15 days of the invoice date, or $700 must be paid within 50 days of the invoice date
d.$686 can be paid within 15 days of the invoice date, or $714 must be paid within 50 days of the invoice date

2. ABC Company just announced a 4 for 1 stock split. What effect will this have on:
a.The market value
b.The number of total share
c.The total value of common stock on ABC Company's books

Label each answer clearly.

Reference no: EM1312692

Questions Cloud

Calculate the final & resultant velocity and acceleration : A ballplayer catches a ball 2.75 seconds after throwing it vertically upward. With what speed did he throw it? Calculate the final & resultant velocity and acceleration.

Inverse probability based on the normal distribution : What IQ score should one have in order to be eligible for Mensa?

Computation of enterprise value and stock price : Computation of enterprise value and stock price and Estimate the enterprise value of Rock Hard

Effect of change in tastes on equilibrium level : Suppose that American households change their tastes such that they want to save more at every level of income.

Discount on bills payable : Descriptive Questions - Discount on Bills payable - ABC Company just announced a 4 for 1 stock split. Evaluate the effect

Probability values based on the normal distribution : What is the probability that a visually impaired student gets less than 6.9 hours of sleep?

Effect of an increase in risk aversion on money market : Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.

Computation of internal rate of return of the bond : Computation of internal rate of return of the bond and what was your internal rate of return

The current assets of most companies : Descriptive Questions-Basic Accounting Principle like Advance payments from customers for future services and the current assets of most companies.

User Account

All Pages