User Account

All Pages

What is the amount of the discounts

Assignment Help Accounting Basics
Reference no: EM132754894

Question: Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are for cash, and the remaining 90 percent pay on credit. Of the credit sales, 20 percent are paid on Day 10 of the billing cycle, and the rest pay on Day 30 (in the following month). What is the amount of the discounts that Rainbow's customers normally take?

Reference no: EM132754894

Questions Cloud

What is the plausible theoretical framework : What is the plausible theoretical framework for the research title the role of self concept in job satisfaction and job stress management
What will be the impact on priyas break-even point : Discuss all important assumptions/criteria which must be considered in a decision like this (make a fully developed argument/recommendation).
Make the manufacturing account of ABC for the year ended : The following balances were extracted from his books on December 2010. Make the manufacturing account of ABC for the year ended 31 December 2010
How does the degree of operating leverage affect financial : How does the degree of operating leverage affect financial results? Why might a company want to decrease its operating leverage?
What is the amount of the discounts : Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are.
What is arquitectonica cost of capital : The firm intends to implement projects whose total NPV is €20. If the firm's tax rate is 38%, what is Arquitectónica's cost of capital?
Tendency to agree with statements presented in scales : Acquiescence response bias is "a tendency to agree with statements presented in scales, regardless of content" (Brace and Byford, p. 39).
How business class and economy class seats would be sold : Zero Turbulence Airline provides air transportation services between Los Angeles, California; and Kona, Hawaii. A single Los Angeles to Kona round-trip flight.
What amount does concord report on the balance sheet : Analyzing and Interpreting Equity Method Investments, What amount does Concord report on its balance sheet for its investment in Bloomingdale?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd