Manufacturing sent intel corporation invoice for machinery

Assignment Help Financial Management
Reference no: EM131899478

Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,200 list price. Bally dated the invoice August 02 with 2/10 EOM terms. Intel receives a 20% trade discount. Intel pays the invoice on August 15. On August 1, Intel Corporation returns $200 of the machinery due to defects. What does Intel pay Bally on August 15?

Payable amount $

Reference no: EM131899478

Questions Cloud

Calculate accounts payable days supply : Using information from question 1 and/or preceding questions, calculate accounts payable days supply.
What do auditor like about it auditing : Why did he or she get into this field? What do they like about IT auditing? What do they dislike? What do they feel about the future of this field?
What were the major socializing agents in your childhood : From what you know about your own upbringing, what were the major socializing agents in your childhood?
How do the controls lead to effective management : Using an organization with which you are familiar, identify ways through which feed-forward and feedback controls can be used to assure the high quality.
Manufacturing sent intel corporation invoice for machinery : Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,200 list price. What does Intel pay Bally on August 15?
What are some best practices in it audit planning : What are some best practices in IT audit planning? What are some of the major reasons for using risk analysis in audit planning?
Produce two types of souvenirs : A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $1, and each Type B souvenir
Find the radius x of the base and the height h : Find the radius x of the base and the height h, for which the amount of metal needed is as small as possible.
Evaluate donor cultivation strategies : The goal is to bring potential donors-and keep current donors-close to the organization so they feel a part of the work and mission.

Reviews

Write a Review

Financial Management Questions & Answers

  What are the free cash flows in years

Firm B is considering a project with an active life of 2 years. The cost of capital is 15%. What are the free cash flows in years 0, 1, and 2?

  How is the internal rate of return of a project calculated

How is the internal rate of return of a project calculated, and what must be considered when using the internal rate of return rule? How should the cash flows of a proposed new project be calculated?

  Evaluating different silicon wafer milling machines

You are evaluating two different silicon wafer milling machines. compute the EAC for both machines.

  Global competition and environmental issues

biggest issue facing the business world today? Global Competition, Ethical business practices, environmental issues,

  Decided to issue three-year foreign bonds

General Automobile Corp. has decided to issue three-year foreign bonds in Japan, denominated in 5,000,000,000 Japanese Yen at par. The bonds have an annual coupon rate of 6.0%, and interest is paid annually. If the Yen is expected to appreciate from ..

  Savings account to the mutual fund investment at beginning

William is an industrious lawyer. After working in the legal field for more than 40 years, he is now planning for retirement in ten years’ time. Assume William would like to withdraw $20,000 each month after his retirement. In order to achieve this g..

  Agree on the number of lessons or the dollar amount

Jack and Scotty begin negotiations where Scotty will give Jack hockey lessons for a certain amount of money per week. While they are still negotiating the dollar amount and the number of lessons, they begin to meet weekly to have lessons. After ten l..

  Using different dividend discount models

Other than using different dividend discount models to find the estimated current share price.

  What will the total shares outstanding be now

what will the total shares outstanding be now

  Estimate of the rate of return of cash flow under analysis

Using the Trial and Error approach for finding the internal rate of return for a project, the PW at trial interest of 9.0% was 332.5 and the PW at trial interest of 11.0% was -110.5. Based on these values, what is the best estimate of the rate of ret..

  Why does the value of a stock depend on dividends

Why does the value of a stock depend on dividends? A substantial percentage of the companies listed on the NYSE and NASDAQ don’t pay dividends, but investors are nonetheless willing to buy shares in them. How is this possible given your answer to the..

  Consider call on stock with strike

Suppose you consider a call on a stock with strike K and time to expiration T. "You play a game where you have to pay an upfront cost C to enter the game.

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