What amount is received as payment in full on may

Assignment Help Accounting Basics
Reference no: EM132808879

Problem 1: A credit sale of $4,000 is made on April 25, terms 2/10, n/30, on which a return of $250 isgranted on April 28. What amount is received as payment in full on May 4?

option a. $3,675

option b. $3,750

option c. $3,920

option d. $4,000

Reference no: EM132808879

Questions Cloud

Discussion-reasons for failure : Think of an organization that has been in existence for as long as you can remember. A Fortune 500 company, for example. Why and how has the company
Describe one of the most important topics in auditing : Describe one of the most important topics in auditing and explain why. Include an explanation of how to expect to apply this topic in an Accounting career,
Find which would increase risk : Which Break-even analysis assumes over the relevant range that.? Variable costs are non-linear. Which of the following would increase risk?
What is effect of an increase in a unit contribution margin : What is the effect of an increase in a unit contribution margin on the product's contribution ratio? Decrease in direct proportion to the contribution margin
What amount is received as payment in full on may : What amount is received as payment in full on May 4? A credit sale of $4,000 is made on April 25, terms 2/10, n/30, on which a return of $250 isgranted on April
What amount should be recorded as depreciation expense : What amount should be recorded as depreciation expense of the leased machine for 2016? Canberra Company signed an eight-year non-cancellable lease
What amount should nordstrom report as lease liability : The rounded present value of an ordinary annuity of 1 for nine years at 9% is 5.60. What amount should Nordstrom report as lease liability on December 31, 2016?
What is the change in operating income : The special order will not affect regular sales. What is the change in operating income that would result from accepting this special sales order?
HC1010 Accounting for Business Assignment : HC1010 Accounting for Business Assignment Help and Solution, Holmes Institute - Assessment Writing Service - Communicate accounting information in writing

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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