John Company received an invoice for $245,250 dated November 4, 2011 with payment terms 7/3, 4/20, n/45 for a truck-load of goods. Calculate the amount required to settle the invoice on the following dates.

a. November 6, 2011

Round to the nearest cent

b. November 24, 2011

Round to the nearest cent

c. December 19, 2011

Round to the nearest cent

Answers

Answer 1

On November 6, 2011, the amount will be  $238,036.50, on november 24, 2011 it will be $235,140.00.

a. On November 6, 2011, the payment term of 7/3 applies. This means that if the invoice is paid within 7 days, there is a 3% discount. Therefore, the amount required to settle the invoice on November 6, 2011, would be $245,250 - (0.03 * $245,250) = $238,036.50.

b. On November 24, 2011, the payment term of 4/20 applies. This means that if the invoice is paid within 20 days, there is a 4% discount. Therefore, the amount required to settle the invoice on November 24, 2011, would be $245,250 - (0.04 * $245,250) = $235,140.00.

c. On December 19, 2011, the payment term of n/45 applies. This means that the full amount is due within 45 days. Therefore, there are no discounts applicable. The amount required to settle the invoice on December 19, 2011, would be $245,250.

It's important to note that these calculations assume that the payment terms are followed strictly and that no other factors or negotiations are involved in the payment process.

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Related Questions

Which is a good rule to follow when sending business emails? (1 point)

Answers

Answer:

Avoid forwarding spam and unnecessary messages such as chain letters.

Explanation: did the test

The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.

What is email?

An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.

It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.

When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.

Therefore, the use of formal languages and proper formats made the emails more accurate.

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Choose the correct statement concerning natural disasters.

a. They create jobs at the expense of other jobs, and they destroy wealth
b. They create jobs, and create wealth
c. They destroy jobs, but create wealth
d. They destroy jobs, and destroy wealth

Answers

When natural disaster occurs, they destroy jobs, and destroy wealth.

What is natural disaster?

A natural disasters are some of the major occurrences on the earth that often results in destruction. They occur from natural processes and examples are firestorms, dust storms, floods and hurricanes.

They often result in loss of property, lives and wealth.

Therefore,  when natural disaster occurs, they destroy jobs and destroy wealth.

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Target Market: Corporate international business travelers
Product:
● Price:
● Place:

Promotion:
Why?

Answers

international business travelers for corporations Product.

Briefing:-

Your target demographic may be singles, families, couples, business travelers, or luxury travelers, depending on the services you provide. The sort of travel and travel experiences being given will also affect the target market for a travel agency.

What exactly is a global target market?

The demographic that you wish to offer your goods or services to is known as your target market. Target markets in eCommerce are broad since you have the world at your fingertips. You need to choose which of the more than 220 available nations have the target market that will be the most lucrative for you.

Which four target markets are there?

Target markets are often divided into four categories: geographic (based on location), demographic (based on population), psychographic (based on lifestyle and socioeconomics), and behavioral.

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Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing​

Answers

Answer:

franchising marketing

Which knowledge area includes the closing process called close project or phase?

Answers

The knowledge area that includes the closing process called "Close Project or Phase" is the Project Integration Management knowledge area.

Project Integration Management is one of the ten knowledge areas characterized by the Project Management Institute (PMI) within the Project Management Body of Knowledge (PMBOK). It encompasses processes and exercises that are fundamental to arranging and coordinating all the different components of a extent.

The "Close Project or Phase" process is a portion of the Extend Integration Management knowledge area and is performed after a project or extend stage. Its essential objective is to formally near out the extent or stage in a deliberate way. This incorporates exercises such as finalizing venture deliverables, conducting venture audits, getting endorsements, archiving lessons learned, and filing extended data.

By completing the "Close Project or Phase" preparation, venture directors guarantee that all venture exercises are completed, destinations are accomplished, and the venture is legitimately concluded. It gives an organized approach to wrap up a extend, capture critical data, and move any remaining work or deliverables to the fitting partners. 

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a primary goal of free speech in the marketplace of ideas theory is...................

Answers

The primary goal of free speech in the marketplace of ideas theory is to promote the discovery of truth through the open exchange of diverse opinions and viewpoints.

The marketplace of ideas theory holds that a robust and unrestricted exchange of ideas leads to the discovery of truth, the advancement of knowledge, and the well-being of society as a whole. By allowing individuals to freely express their opinions and engage in dialogue, the theory argues that the best ideas will prevail while false or harmful ones will be exposed and rejected.

The theory is based on the belief that when diverse perspectives are allowed to be heard, individuals can critically evaluate different viewpoints, challenge existing beliefs, and arrive at more informed and reasoned conclusions. It recognizes that suppressing or censoring certain ideas limits the ability to examine and test their validity, hindering intellectual progress and stifling innovation.

By fostering an environment that protects free speech and encourages the exchange of ideas, societies can benefit from a wide range of perspectives, insights, and solutions to complex problems. This theory forms the basis for democratic societies that value individual autonomy, pluralism, and the pursuit of truth through open and respectful dialogue.

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Supply chain management is an example of a(n)_______because it spans two or more independent organizations.

Answers

Supply chain management is an example of a(n) inter-enterprise information system because it spans two or more independent organizations.

More about Supply chain management:

Supply chain management, which covers all procedures that convert raw materials into finished commodities, is the management of the movement of goods and services. It entails actively streamlining a company's supply-side operations in order to increase customer value and obtain a competitive edge in the market.

The management of a product's creation and flow, from sourcing raw materials to manufacture, distribution, and delivery to the final consumer, is known as supply chain management (SCM).

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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?

Answers

I don’t know Iam adult but I don’t know

which of the following is a similarity between frederick w. taylor and lillian gilbreth? question 6 options: they both used film cameras to analyze jobs. they both developed time study. they both proposed giving workers longer work hours and fewer breaks. they both strove to simplify work.

Answers

They both developed time to study. Option B

Who is Frederick W. Taylor?

Generally,  - Frederick Winslow Taylor was an American mechanical engineer who sought to improve industrial efficiency. He is regarded as the father of scientific management and was one of the first management consultants.

Taylor was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era.

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Downward pressure on wages

Answers

Answer:

Answer below

Explanation:

When there is "pressure" on wages it is referring to the fact that there are more workers than there are available jobs this causes a pressure for the employers as they decide which workers get those jobs and receive those wages and who doesnt.

(hope this answers your question :) )

What is an insurance premium?
A. Your monthly payment to your insurer, regardless of whether you use any services
B. A list of the procedures covered by your insurance carrier
C. An added cost you pay in order to receive higher-quality services
D. The amount you pay out-of-pocket for a specific procedure or service

Answers

Answer:

a

Explanation:

a insurance premium is your monthly payment

suppose you have developed a new product for you business.outlineany five steps in developing a rematch instrument​

Answers

Answer:

But I am too young to start a new business

A CPA can accept a gift from a client as long as: Group of answer choices Adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule The amount is below what is considered to be a material payment Audit services are not provided to the client

Answers

In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

When can a CPA take a gift from a client?

A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.

A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.

To avoid this, the gift accepted must be in line with integrity and objectivity rules that  ensure that the independence of the Certified Public Accountant (CPA) is protected.

In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

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if you are submitting the fafsa this year, you will need tax forms from which year?

Answers

Answer:

The FAFSA form asks for financial information, including information from tax forms and balances of savings and checking accounts. The 2022–23 FAFSA form asks for 2020 tax information. The 2021–22 FAFSA form asks for 2019 tax information.

Number 2 please please help me

Number 2 please please help me

Answers

Answer: See explanation

Explanation:

a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc

b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.

c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:

• it helps in the provision of basic services like health care delivery, education, etc.

• it also helps in the development of several sector in the economy such as communication, and transportation.

• it contributes a huge part to the gross domestic product of a country.

d. The reason why some ministers may want to privatize some business include

• when the resources are not being efficiently utilized and there's wastage of resources.

• to improve competition

• it also brings about increase in effectiveness and efficiency.

e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.

Skip Ownby earns $80,000 per year. The deductions from his weekly
paycheck are:FIT of $247.48, SIT of $68.22, medical insurance of $98.00,
Social Security, and Medicare. What is Skip's net pay for a week? Write
answer as $#.###.##*

Answers

Answer:

$1,007.07  

Explanation:

Skip's annual income is $80,000.00

Weekly earning will be $80,000 divide by 52

=$80,000/52

=$1,538.46

Weekly deductions

Social security = 6.2% x $1,538.46= $95.38

Medicare= 1.45% x 1,538.46 =$22.31

FIT =$247.48,

SIT =$68.22,

Medical insurance =$98.00

Total deductions =($95 .38 + $22.31 + $247.48+$68.22+98.00)

=$531.39

Net pay will be $1,538.46 - $531.39

=    $1007.07  

knowledge check 01 on january 1, year 1, canseco plumbing fixtures purchased equipment for $52,000. residual value at the end of an estimated four-year service life is expected to be $4,000. the company uses the straight-line method. for how much would each item below be reported at the end of year 3?

Answers

Each of the items below would be required to report $ 16,000 at the end of year three because the predicted residual value after a four-year service life is $4,000 per item.

Salvage minus cost is equal to 48,000 minus 52,000.

4 years is the estimated usable life. Dep. per year in a straight line Dep. per year = cost - estimated useful life / salvage, which equals 48,000 / 12,000 annually.

Three years later,

1: 12,000 in depreciation costs

2: Accumulated depreciation is 12,000 times three, or 36,000.

3: BOOK VALUE is calculated as the purchase price minus the outstanding debt, which is 52,000 – 36,000 or $16,000.

The estimated value of a fixed asset at the end of its lease term or usable life is the residual value, commonly referred to as salvage value. In lease agreements, the residual value is one of the lessor's main methodologies for calculating the lessee's periodic lease payments. A common guideline is that an asset's residual value decreases as its usable life or lease period lengthens.

Industry-specific residual value calculations vary, but their fundamental meaning is always the same. In capital budgeting projects, residual values represent the price at which an asset can be sold after the company has stopped using it or when it is no longer possible to estimate the asset's future cash flows.

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1. A distributor sells some shoes directly to a retailer. The retailer pays $16.31 for a pair of shoes that has a list price of $23.98. What trade discount percent is the distributor offering to its retailers?

Answers

The trade discount percent that the distributor is offering to its retailers is 37.5%. The trade discount percent is calculated by taking the difference between the list price and the selling price and dividing that difference by the list price.

In this case, the difference between the list price and the selling price is $7.67 and the list price is $23.98. So, the trade discount percent is 7.67 / 23.98 = 0.32 = 37.5%.

The trade discount percent is a percentage of the list price that the retailer is not required to pay. The distributor offers trade discounts to retailers as a way to encourage them to sell their products.

In this case, the distributor is offering a trade discount of 37.5%. This means that the retailer is only required to pay 62.5% of the list price for the shoes. The remaining 37.5% of the list price is the trade discount.

The trade discount percent is a useful tool for distributors to manage their prices. By offering trade discounts, distributors can ensure that their products are priced competitively and that they are able to sell their products to retailers.

It is important to note that the trade discount percent is not the same as the discount. The discount is the amount of money that the retailer actually saves by taking the trade discount. In this case, the discount is $7.67.

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Study the entries in lupe’s records in the closereader. for which entry was the amount recorded in the wrong column? the purchase at gio’s pizza the 11/15 paycheck the 11/30 paycheck the purchase at lola’s books

Answers

After reviewing Lupe's records in the CloseReader, it appears that the amount recorded in the wrong column was for the purchase at Lola's books.

The entry for the purchase at Lola's books shows the amount of $38.50 recorded under the "income" column instead of the "expenses" column. This mistake likely occurred because Lupe may have accidentally switched the two columns when recording the transaction. It's important to double-check entries when recording financial transactions to ensure accuracy and avoid errors.

In this case, correcting the mistake will require adjusting the entry to move the $38.50 from the income column to the expenses column. This will help ensure that Lupe's records accurately reflect her financial situation and make it easier to track her spending and income.

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According to Kotter, what is the main reason that people and organizations resist change?

a. Dislike of their boss
b. Failure to see opportunities for promotion
c. Complacency
d. Fear of losing their job

Answers

Kotter emphasizes the importance of addressing complacency and creating a sense of urgency to overcome resistance to change.

What is one of the main reasons people and organizations resist change, according to Kotter?

According to Kotter, one of the main reasons that people and organizations resist change is complacency.

Complacency refers to a sense of satisfaction or contentment with the current state of affairs. When individuals or organizations become complacent, they may resist change because they are comfortable with the way things are and are resistant to the uncertainties and potential disruptions that change can bring.

Complacency can stem from various factors, such as past success, routines, and a fear of the unknown.

People may resist change because they perceive it as a threat to their current position, routine, or established way of doing things.

This resistance can manifest as a reluctance to adapt, clinging to outdated processes or structures, or a lack of motivation to embrace new ideas or approaches.

By highlighting the need for change and the potential risks of maintaining the status quo, individuals and organizations can be motivated to overcome their complacency and embrace the necessary changes for growth and success.

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With vividly examples explain how commerce complete process

Answers

Answer:

Vividly examples explain commerce complete process is described below in complete details.

Explanation:

Commerce suggests the purchasing and merchandising of goods and services for cash or in character. It is a division of the business. It incorporates all the methods that have to do with the replacement of commodities and services. ... Some statisticians, however, say that it encompasses all business activities and employment.

7.analyze how the fraud triangle would be adjusted for predator fraudsters

Answers

The fraud triangle is a model that describes the three elements that are typically present in cases of occupational fraud: opportunity, rationalization, and pressure.

However, in cases of predator fraudsters, who are individuals who deliberately target and exploit vulnerable victims for financial gain, the fraud triangle may need to be adjusted.

Opportunity: In predator fraud cases, the predator deliberately creates or seeks out opportunities to exploit vulnerable victims, rather than simply taking advantage of existing marketing opportunities within their workplace. This may involve targeting individuals who are elderly, disabled, or otherwise susceptible to manipulation.

Rationalization: Predator fraudsters may not need to engage in significant rationalization, as their primary motivation is often financial gain at the expense of their victims. However, they may attempt to justify their actions to themselves or others by portraying themselves as providing a valuable service, or by blaming their victims for their own financial problems.

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What are two current rising or resurgent powers that the video mentions that may be planning on changing the established international system?.

Answers

China and Russia are two current rising or resurgent powers that the video mentions that may be planning on changing the established international system.

Is China a comfortable place to live?

Over the past 40 years, China has rescued more people from poverty (800 million and counting) than any other country in history. China has a greater quality of living than the majority of other countries, including the West. In China, everyone has a beautiful life that keeps becoming better.

Is China a socialist or communist country?

The socialist market economy (SME) is the economic system and model for economic growth used by the People's Republic of China. The system is a market economy, with a predominance of public ownership and state-owned enterprises.

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“Creditors do not actually have to worry about their dues in case the business fails.” In which
form of business is this possible? Which special feature is highlighted in this statement ?

Answers

Answer:

Sole proprietorship

The sole proprietor(not creditors but creditor) bears all losses

Explanation:

Sole proprietorship is a form of business in which there is no legal difference between the owner and the business entity as both are one and the same. The term 'sole' connotes 'only' while 'proprietorship' connotes 'owner(ship)'; it is also referred to as individual entrepreneurship. This is because only the owner of the business (the proprietor) bears all the risks (losses, debts, legal actions etc) and benefits (profits, dividends etc) of the business venture. He owns all the assets of the business venture, debts as well as the legal actions (whether positive or negative); when business is faring well, he enjoys a handsome profit and when business is struggling, he also bears the brunt of it.

The special feature highlighted in the statement above is the reality that the "creditors" refers simply and only to the proprietor (the owner of the business); in which case, if the business fails, the proprietor does not have to bother about the backlash from creditors' pressures, legal actions etc. He is the sole bearer of the losses of the business venture.

The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.

Answers

Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.

What is data on price ?

Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.

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Fill in the customer satisfaction survey You go to your in-house database, which houses eCompeteUSA's domestic and international sales as well as revenue composition over the past 10 years. You examine this data and apply some statistical analysis in order to help decide where to go next. What should you present at the next meeting to put your investigation on the right path?a. Present the trends in the growth of the U.S. eSports market, because the majority of eCompeteUSA's sales are domestic.b. Present data on eCompeteUSA's current revenue streams, broken down by source with sales trend extrapolations.c. After further consideration, you decide to step back and work on defining the research problem.

Answers

Answer: After further consideration, you decide to step back and work on defining the research problem.

Explanation:

Based on the options given, the answer will be "After further consideration, you decide to step back and work on defining the research problem".

It should be noted that the research problem isn't stated and one doesn't really know what the person wants to do. Do the right thing is to work on the research problem first before doing any other thing.

Hugo was completing his end-of-day balance sheet for his music store. He wanted to make sure his projections were correct and confirm the business was on track financially. What is one entry he would make on his balance sheet?


A. Gross profit

B. Cost of goods sold

C. Accounts receivable

D. Net profit before taxes

Answers

As Hugo wanted to make sure his projections were correct and confirm the business was on track financially, an entry which he can make on his balance sheet is an Accounts receivable. The Option C is correct.

What is an account receivable?

In accounting, an accounts receivable refers to an asset account on the balance sheet that represents money due to a company in the short term. They are created when a company lets a buyer purchase their goods or services on credit and it is similar to accounts payable but instead of money to be received, they are money owed.

An account receivable are always recorded as a debit in the assets section of a balance sheet. It is a short-term asset because normally it's going to be realized within a year.

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Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?

Answers

a. Greyhound bus system

what is medium level profession​

Answers

Medicine,agriculture,finance,tourism,teaching public services are the sectors of profession. In every field ,professions are of basic,medium and high levels.for e.g. , assistant health workers (A H W) are the basic level human resources while health assistants (HA)are medium level professionals.
Hope it helps :)

Which of the following is a positive externality?

Answers

Answer:

Research and development (R&D) conducted by a company can be a positive externality. R&D increases the private profits of a company but also has the added benefit of increasing the general level of knowledge within a society. Similarly, the emphasis on education is also a positive externality.

Explanation:

Choosing a beautiful design for a building will give benefits to everybody in society. Education or learning new skills. With better education, you are more productive and can gain more skills. But, also the rest of society benefits from your new skills

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