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MBF101 - Mathematics of Business and Finance Assignment - Seneca College, Canada
Question 1 - A payment of $2500 was paid during the discount period on an invoice for $4775 with payment terms 2/15, n/30. What further payment, after the discount period, will settle this invoice?
Question 2 - A payment of $1250 was paid during the discount period on an invoice for $3150 with payment terms 3/10, n/30. What further payment, after the discount period, will settle this invoice?
Question 3 - Ella purchased some furniture for her office and received an invoice for $18,800 dated September 16, 2017 with payment terms 3/7, 1/30, n360. What amount does she have to pay on October 16, 2017 to settle this invoice?
Explain the difference in required (expected) return for the following three financial managers.
Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment. The balance in the prepaid insurance account, before adjustment at the end of the year, is $10,730.
Manson Industries incurs unit costs of $8 ($5 variable and $3 fixed) in making an assembly part for its finished product. A supplier offers to make 10,000 of the assembly part at $6 per unit. If the offer is accepted,
1- the write -off inventory due to obsolence.2- discovery that depreciation expenses were omitted by accident from
What are journal entries that correctly record the current month's activity where $80,000 of direct material and $32,000 of indirect materials that were used in the production process?
If total stockholders’ equity is equal to $7,400, and total assets are equal to $20,000, what will total liabilities be equal to as a percentage of total assets? Assume the only categories found in current assets are cash, accounts receivable, and in..
Patel Manufacturing sold 200,000 units of its product for $30 per unit in 2008. Variable cost per unit is $25 and total fixed costs are 800,000. Calculate (a) contribution margin and (b) operating income.
Need to prepare the closing entries for the general ledger accounts and the subsidiary ledgers of the Village of A general fund
No new fixed assets will be required, and management expects that there will be no earnings retained next year. What is next year's additional funding requirem
Jake and Janice are a married couple with two dependent children. In 2015, their salaries totaled $130,000, and they suffered a capital loss of $8,000. They also received $1,000 of taxexempt interest. On their 2015 Married Filing Joint tax return wha..
The amount of the average investment for a proposed investment of $90,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $21,600 for the 4 years, is:
Molteni Motors Inc. recently reported $3 million of net income. Its EBIT was $7 million, and its tax rate was 40%. What was its interest expense? Round your answer to the nearest dollar. In its most recent financial statements, Del-Castillo Inc. repo..
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