Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,200 list price. Bally dated...
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $14,200 list price. Bally dated the invoice August 04 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 17. What does Intel pay Bally?
Homework Answers
|
Net payable = 14,200 - Trade discount 40% = 14,200 - 40% = 8520 Intel pays to Bally = 8520 - (5% * 8520) = 8520 - 426 = 8094 |
|
| Comment if you face any issues |
Add Answer to:
Bally Manufacturing sent Intel Corporation an invoice for
machinery with a $14,200 list price. Bally dated...
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $15,100 list price. Bally dated...
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $15,100 list price. Bally dated the invoice August 13 with 5/10 EOM terms. Intel receives a 40% trade discount. Intel pays the invoice on August 26. What does Intel pay Bally?
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated...
Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,300 list price. Bally dated the invoice August 03 with 2/10 EOM terms. Intel receives a 30% trade discount. Intel pays the invoice on August 16. On August 1, Intel Corporation returns $300 of the machinery due to defects. What does Intel pay Bally on August 16? 9010 and 9100 are not correct
> Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price Bally...
> Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price Bally dated the invoice August 06 with 4/10 EOM terms, Intel receives a 30% trade discount. Intel pays the invoice on August 19. On August 1, Intel Corporation returns $600 of the machinery due to defects. What does Intel pay Bally on August 19? Payable amount 5 10,120 eBook References
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list...
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list price of $2,500 each, and for freight of $250. The terms were: Trade items: List less 15% and 5%. Payment terms 3/10, 2/20, n/30 (June has 30 days) (a) What is the last day the invoice can be paid and how much should be paid? [2 marks]
Apr 2 Purchased merchandise from Lyon Company under the following terms: $4,600 price, invoice dated April...
Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4,600 price, Invoice dated April 2, credit terms of 2/15, n/60, and FOB shipping point. 3 Paid $300 for shipping charges on the April 2 purchase. 4 Retumed to Lyon Company unacceptable merchandise that had an invoice price of $600. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased merchandise from Frist Corp. under the following terms: $8,500 price, Invoice...
A retailer purchases merchandise with a catalog list price of $32,700. The retailer receives a 32%...
A retailer purchases merchandise with a catalog list price of $32,700. The retailer receives a 32% trade discount and has credit terms of 2/10, 1/30. How much cash will be needed to pay this invoice within the discount period? Os. $22,890 Ob. $32,700 Oc. $22,236 Od. $21,791
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms...
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
ter 7 Assignment Served 3 Stacy's Dress Shop received a $1160 invoice dated July 19 with...
ter 7 Assignment Served 3 Stacy's Dress Shop received a $1160 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02. Stacy's sent a $253 partial payment. fif more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit rences b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,520 list price with 25%...
Majestic Manufacturing sold Jordans Furniture a living room set for an $8,520 list price with 25% trade discount. The $110 freight (FOB shipping point) was not part of the list price. Terms were 2/10, n/30 ROG. The invoice date was June 01. Jordans received the goods on July 20 and paid the invoice on July 22. What was the final price (include cost of freight) of the living room set? (Round your answer to the nearest cent.)
Question updated please need help in this question Grassley Company completes these transactions during August of...
Question updated please need help in this question
Grassley Company completes these transactions during August of the current year (terms for all its credit sales are 2/10, n/30). Aug. 1 Purchased $7,058 of office equipment on credit from Brun Supply, invoice dated August 1, terms n/10 EOM. 2 Borrowed $96,500 cash from Wisconsin Bank by signing a long-term note payable. 4 Purchased $33,500 of merchandise from BLR Industries, invoice dated August 3, terms 2/10, n/30. 5 Purchased $1,040 of store...
> Bally Manufacturing sent Intel Corporation an invoice for machinery with a $13,600 list price Bally dated the invoice August 06 with 4/10 EOM terms, Intel receives a 30% trade discount. Intel pays the invoice on August 19. On August 1, Intel Corporation returns $600 of the machinery due to defects. What does Intel pay Bally on August 19? Payable amount 5 10,120 eBook References
1. Smith Co. has received an invoice dated June 5 for 10 surfboards with a list price of $2,500 each, and for freight of $250. The terms were: Trade items: List less 15% and 5%. Payment terms 3/10, 2/20, n/30 (June has 30 days) (a) What is the last day the invoice can be paid and how much should be paid? [2 marks]
A retailer purchases merchandise with a catalog list price of $32,700. The retailer receives a 32% trade discount and has credit terms of 2/10, 1/30. How much cash will be needed to pay this invoice within the discount period? Os. $22,890 Ob. $32,700 Oc. $22,236 Od. $21,791
4 On March 19 Jangles Corporation received a $20,800 invoice dated March 16. Cash discount terms were 3/10, 1/30. On March 23, Jangles sent an $8.320 partial payment a. What credit should Jangles receive? (Round your answer to the nearest cent.) Credi im b. What is Jangles' outstanding balance? (Round your answer to the nearest cent) Outstanding balance
ter 7 Assignment Served 3 Stacy's Dress Shop received a $1160 invoice dated July 19 with 5/10, 4/15, n/60 terms. On August 02. Stacy's sent a $253 partial payment. fif more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit rences b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
Question updated please need help in this question
Grassley Company completes these transactions during August of the current year (terms for all its credit sales are 2/10, n/30). Aug. 1 Purchased $7,058 of office equipment on credit from Brun Supply, invoice dated August 1, terms n/10 EOM. 2 Borrowed $96,500 cash from Wisconsin Bank by signing a long-term note payable. 4 Purchased $33,500 of merchandise from BLR Industries, invoice dated August 3, terms 2/10, n/30. 5 Purchased $1,040 of store...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 1 minute ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 11 seconds ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 3 minutes ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 12 minutes ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 14 minutes ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 20 minutes ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 23 minutes ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 1 hour ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 38 minutes ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 41 minutes ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 52 minutes ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 45 minutes ago