|
Title: The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are ... Post by: Tejonk on Mar 10, 2018 The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are 2/15, n/45, find the net date.
A) June 1 B) July 18 C) July 16 D) July 1 Q. 2 The price of a public address system purchased by a local town hall was 42,500. It cost 2,100 for delivery. The salvage value at the end of 4 years is 7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3. A) 9,324.50 B) 10,365.75 C) 11,368.20 D) 9,275.00 Q. 3 A new business receives an invoice for merchandise on August 9. The terms of the sale are 12/10, n/30. If the manager elects to take the cash discount, what is the discount date? A) August 19 B) August 18 C) August 21 D) August 17 Q. 4 The price of a large piece of construction equipment purchased by Hass Construction Company was 53,500. It cost 1,275 for delivery and 2,750 for installation. The salvage value at the end of a 4-year life is 7,500. Using the straight-line depreciation method, calculate the annual depreciation for year 3. A) 15,925.26 B) 22.301.33 C) 12,506.25 D) 13,501.87 Q. 5 A home accessories store buys lamps with a net price of 22,600. The terms of sale are 4/15, n/30. If a partial payment of 10,300 is sent to the wholesaler on the discount date, what is the net amount still due? A) 21,696.00 B) 11,870.83 C) 12,712.00 D) 11,808.00 Title: The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are ... Post by: nuder on Mar 10, 2018 D D A C B Title: The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are ... Post by: Tejonk on Mar 10, 2018 Appreciate the effort you put into answering, thank you!
Title: The Photo Express buys cameras and film with an invoice date of May 17. If the terms of sale are ... Post by: nuder on Mar 10, 2018 You're very welcome
|