What payment must be made on june

Assignment Help Accounting Basics
Reference no: EM133090590

Questions -

Q1) An invoice for $2600.00, dated June 2, with terms 3/10, 1/30, n/60, was received on June 10. What payment must be made on June 11 to reduce the debt to $1250?

a) 1309.50

b) 1300

c) 1299

d) 1359

Q2) In how many months will $3500 grow to $4845.94 at simple interest rate of 7.25% p.a.?

a) 60 months

b) 74 months

c) 64 months

d) 63 months

Q3) CloudTrust Limited has a monthly payroll of $6 million. They choose to make a short-term investment in an account with a simple interest 0.9% rate. At the end of the month, what is the maturity value of the deposit?

a) 6005400

b) 600450

c) 604500

d) 60045000

Reference no: EM133090590

Questions Cloud

Business intelligence assets to the board : How to apply the DIKW triangle to support the use of business intelligence assets to the board.
Providing context and supporting context through citations : After completing the assigned reading WRITE YOUR OWN discussion board topic for your classmates.
How much should the company make the annual lease : If Taggurt desires a 14 percent return on its investment, how much should the company make the annual lease payments for
Different strategies to defend against global giants : According to Thompson et al. (2022), a local company can apply different strategies to defend against global giants.
What payment must be made on june : An invoice for $2600.00, dated June 2, with terms 3/10, 1/30, n/60, was received on June 10. What payment must be made on June 11 to reduce the debt to $1250
Crucial negotiation-human dynamics that drive negotiation : Describe the positions, interests, and BATNAs. What are the human dynamics that drive the negotiation?
Effectiveness change during and after the pandemic : The world has seen significant changes due to COVID-19 and quarantine. Identify an organization that has been significantly impacted by the coronavirus.
Describe the concept of bounded awareness : Describe the concept of Bounded Awareness. How has bounded awareness prevented you from solving a problem (give a specific example)?
Framing and reversal of preferences affected opinions : How has framing and reversal of preferences affected the opinions that you formed and/or decisions that you have made recently?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What should be the balance of the discount on notes payable

What should be the balance of the Discount on Notes Payable account on the books of Ivanhoe at December 31, 2021 after adjusting entries are made

  Which are business stakeholders

Which of the following are business stakeholders? Which The basic financial statements do not include the? income statement. / tax return.

  Which of the above activies might be reduced or eliminated

castner coporation is considering implementation of a jit inventory system. the companies industria engineer recently

  How calculate the size of the monthly payment

The loan will be repais with monthly payments over 4 years and interest is 3.8%compounded annually. Calculate the size of the monthly payment

  The following stock transactions were completed

Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services provided in helping the company organize.

  The following are monthly totals taken from the log of

the following are monthly totals taken from the log of laser printer used by the hardcopy printing international. cost

  How does the nature of strategic surveillance

Define strategic surveillance. How does the nature of strategic surveillance differ from that of premise controls?

  What is the value of company current assets

The company has Rs. 2 million in sales and its current liabilities are Rs. 1 million. What is the value of company's current assets

  Prepare the production schedule in units for safen bright

safe n bright inc. produces outside doors for installation on homes. the following information was gathered to prepare

  Indicate the gross profit percentage in terms of sales

Gross Profit Method Each of the following gross profit percentages is expressed in terms of cost.

  What is the value of this deal

If the current competitive market exchange rates are 22.49 koruna per dollar and 42.36 baht per? dollar, what is the value of this? deal

  Compute the year-end balance of the retained earnings

May 10: Declared a 10% common stock dividend when market value was $50 per share. Compute the year-end balance of the retained earnings for 2017

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