Find the amount that is needed to pay the invoice

Assignment Help Financial Accounting
Reference no: EM132989752

Problem 1: The total of an invoice with cash discount terms 4/15,n/30 amounts to RM3 400 which includes a prepaid freight charge of RM150. Find the amount that is needed to pay the invoice within the cash discount.

(a) RM3 270

(b) RM3 280

(c) RM3 300

(d) RM3 260

Reference no: EM132989752

Questions Cloud

Creating a strategic plan : In strategic planning, what components would you consider necessary for creating a strategic plan?
Why is consistency of document design important : Why is consistency of document design important for company and/or client requirements? And how can it be implemented?
Calculate the standard deviation : Your marketing department has generated data that Identifies the number of new products introduced by your eight (8) competitors over the last 5 years: 53, 36,
Find the accumulated value if the interest rate changed : Find the accumulated value if the interest rate changed to 8% monthly after one year. RM200 was saved every month for four years in an account that pays 6%
Find the amount that is needed to pay the invoice : Find the amount that is needed to pay the invoice within the cash discount. The total of an invoice with cash discount terms 4/15,n/30 amounts to RM3 400.
Discuss the marketing strategy of the business : How the external environment of the business can be explained using Porter's Five Forces Model and Identify the core competencies and competitive advantages
Define the term political costs : Define the term "political costs" and explain how "political costs" may be imposed upon the energy companies referred to in the article as a result
Calculate the deferred tax liability and tax expense : Demon Ltd purchased machinery for $50,000. Calculate the deferred tax liability and tax expense as at 1 July 2020 in accordance with AASB 112 "Income Taxes".
What inflation between the united states and saudi arabia : What should the exchange rate be in 2008?What should the exchange rate be in 2008? From the base price level of 100 in 1979, Saudi Arabian and U.S. price levels

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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