What is the cash discount amount

Assignment Help Accounting Basics
Reference no: EM131762923

Question - Federated Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount and net amount if the invoice is paid within 15 days but after 10 days.

What is the cash discount amount?

What is the net amount using complements method 2?

Reference no: EM131762923

Questions Cloud

Land into four lots and sell them at a substantial gain : An individual taxpayer who is not a dealer in real estate plans to subdivide a parcel of land into four lots and sell them at a substantial gain
Describe how you would start this incident off correctly : Describe how you would start this incident off correctly by properly protecting and securing the evidence on the laptop.
What is cost of one unit of product under variable costing : Doozer Industries makes extruded aluminum that it sells to contractors. What is the cost of one unit of product under variable costing
Define and describe multi-factor authentication : What advantage does an asymmetric cryptographic system provide over a symmetric cryptosystem? (at least 3 sentences)
What is the cash discount amount : Federated Department Stores received an invoice dated April 18 that shows a billing for $3,848.96 with terms 2/10, 1/15, n/30. Find the cash discount
Discuss the eventual disposition of this stock : He is trying to plan for the eventual disposition of this stock. Arthur's only remaining family member is his grandson. For income tax purposes
Develop a plan for assessing it security : Identify the critical requirements of the audit for your chosen organization and explain why you consider them to be critical requirements.
Provide the information in a concise manner : PowerPoint presentations require the ability to select the most relevant material and provide the information in a concise manner.
What test can propose for the success of randomization : Why is it important to assign papers to blind (as opposed to nonblind) referees randomly? What test can you propose for the success of randomization?

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