On july 1, a company receives an invoice for $800 with term 1/10, net 30.

Answers

Answer 1

The payment to be made on the invoice for $800 with term 1/10, net 30 will be $800, as the discount period has lapsed on the date of payment.

What is payment?

The dues, which are liable to be cleared off by the borrower or the buyer to the seller or owner of the goods being exchanged, are known as payments.

When discount is offered on payment for an invoice with terms of 1/10, the discount on payment shall lapse after 10 days and thus, full amount has to be paid on July 15, which is 14 days after the receipt of invoice.

Hence, the payment to be made is explained as above.

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Related Questions

Three types of patents available under U.S. law are: a. utility, regulatory, common law. b. design, packaging, invention. c. utility, product, design. d. design, plant, utility.

Answers

The three types of patents available under U.S. law are design, plant and utility.

What is patent?

A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

It is the right from the federal government to produce and sell something for a certain number of years without anyone copying it.

Thus, option D is true as three types of patents available under U.S. law are design, plant and utility.

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Visit the web site for a different well-known company, and find the section that lists the company's values. what are the company's values? how do they relate to the products the company sells? did anything surprise you about the company's values? why or why not?

Answers

Person can visit the website of Microsoft is the well known company to find the section that lists the company's values.

What are the core values that Microsoft has?

Innovation - People think that technology can and should be used for good, and that meaningful innovation can and will help to make the world a better place in both large and little ways.Inclusion and variety Diverse voices allow us to thrive. To inform, challenge, and push our thinking, we draw on the experiences, strengths, and perspectives of our workers and customers.CSR- people think that technology has the potential to be a great force for good, and we are working to ensure that everyone has access to the benefits and opportunities that technology provides. Artificial Intelligence- AI, we believe, can enhance your capabilities, free you up for more creative and strategic pursuits, and help you or your organization achieve more when it is created with humans at the heart

Thus, Microsoft is company that have a solid values.

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Angela's bank gave her a 2-year add-on interest loan for $6,440 to pay for new equipment for her antiques restoration business. the annual interest rate is 7.62%. how much interest will she pay? what are her monthly payments?

Answers

but i dont no the answer i think it is 1000 i dont no

The time frame for loan repayment for the borrower. Interest Rate: The rate of growth in the amount owing, typically represented as an annual percentage rate (APR).

What is loan ?

Loan Payments: The sum of money required to be paid each week or month in order to fulfill the loan's conditions.

Interest rates have a big impact on loans and how much the borrower will ultimately pay. Larger interest rate loans have longer payback periods or higher monthly payments than lower interest rate loans.

For instance, if a borrower takes out a $5,000 installment or term loan with a five-year term and a 4.5% interest rate, their monthly payment for the next five years will be $93.22.

Calculation of Interest

Given in Question

Loan amount = $ 6,440

Interest Rate = 7.62 %

Time = 2 years paid monthly

[tex]6440*7.2%/12= 38.64 (monthly Interest)\\6440/24 = $ 268.34\\Total payment Monthly = 306.97\\[/tex]

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Read the passage.
What did the president mean when he said he had to
face "very difficult choices" when creating a federal
budget?
O deciding which country to borrow from to finance
spending
O deciding what would be funded and what would be cut
O deciding how to keep interest rates low on the
national debt
O deciding how much to increase tax rates

Answers

The President used "very difficult choices" to explains it is difficult to decide what would be funded and what would be cut

Who used the quote?

The quote was used by President Barack Obama during the 2012 Budget Message of the President.

Hence, he explained that it was difficult to decide what would be funded and what would be cut.

Therefore, the Option A is correct.

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Answer:

B. deciding what would be funded and what will be cut

Explanation:

14. Over a given year, nominal GDP increased by about 2.5%. Over that year, the GDP deflator decreased by about 4%. From this information (and using our Aggregate Supply and Demand framework for analysis), we infer that over this year, Group of answer choices real GDP decreased, and we had a decrease in Aggregate Supply. real GDP decreased, and we had an increase in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Demand. real GDP increased, and we had a decrease in Aggregate Demand. real GDP increased, and we had an increase in Aggregate Supply.

Answers

The answer is 1,009 and thats your answer

what multiplication do you do to convert currency ​

Answers

To convert from the base currency, we multiply by the exchange rate. Just like multiplying to apply a commodity price.

Hope it helpss:))

Explanation:

you multiply by the exchange rate.

An employee works 47 hours (47 - 40 were overtime hours) during a workweek in December of 2021. He earns $39/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $140,950 during the year. He has requested that his employer withhold 6% of gross pay, which is to be contributed to a 401(k) plan.

Taxable income for federal income tax withholding = $
Taxable income for social security tax = $
Taxable income for medicare tax = $

Answers

The amount of tax will be:

Taxable income for federal income tax withholding =$1,851.33Taxable income for social security tax =$1,851.33Taxable income for medicare tax = $1,851.33

How to calculate the tax?

Regular Pay (40×39) = $1,560.00

Overtime Pay (7×39×1.5) =$ 409.50

Gross Pay = $1,969.50

Less: 401(k) plan Contribution (1969.50×6%) =$ 118.17

Taxable Amount = $1,851.33

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Which is an example of a fixed expense?

oa. monthly grocery bill
ob. line of credit payments
oc. atm withdrawal fees
od. digital entertainment subscriptions

Answers

d is the answer of a fixed expense

The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.

Answers

The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.

What is a Motivation?

This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.

Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.

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which statement best describes how the Fed responds to recessions?

It sells more securities.
It charges banks more interest.
It increases reserve requirements.
It increases the money supply.

Answers

The federal government responds to recession by increasing the money supply in a country.

What is Recession?

Recession is term used to describe a general economic contraction which is identified by a fall in the gross domestic product of a country.

    Before a country is said to be in recession, the GDP of that country must have fallen in  two successive quarters.

The feds respond to recession by increasing the money supply in order to stimulate the local economy.

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Answer: D - It increases the money supply.

Explanation: Edge 2022

Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)

Answers

The computation of the break-even point in dollar sales for each product is as follows:

Carvings = $234,400 ($46,880/0.2)

Mementos = $789,400 ($631,520/0.8)

What is the break-even point?

The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.

At the break-even point, the total costs are equal to the total revenue.

Data and Calculations:

                                  Carvings     Mementos

Sales                         $ 974,400   $ 974,400

Variable costs             779,520       194,880

Contribution margin    194,880      779,520

CM Ratio                        20%             80%

Fixed costs                    46,880      631,520

Income                     $ 148,000   $ 148,000

Break-even point = Fixed costs/CM Ratio

Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.

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PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions out

Answers

Based on the students who passed, the probability that a random student gets an A in Statistics or Psychology or both is 0.226.

The probability that a random student did not get an A in Psychology is 0.84.

What are the probabilities of getting an A in psychology?

In order to find out the probability that a person got an A in either Statistics, Psychology, or both, the formula is:

= Probability of A in Psychology +  Probability of A in Statistics - ( Probability of A in Psychology and Statistics)

= (80 / 500) + (82 / 500) - ( 49 / 500)

= 0.16 + 0.164 - 0.098

= 0.226

The probability of not getting an A in Psychology is:

= 1 -  Probability of A in Psychology

= 1 - (80 / 500)

= 0.84

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Why must a marketing manager consider pricing objectives and constraints?.

Answers

Answer:

marketing manager considers pricing objectives and constraints to narrow the range of choices among the variety of pricing strategies demand curve enables a firm to examine prices in terms of quantity sold cost changing constraints as a result most firms change the price of their products more often if they sell online

Explanation:

Netflix and wal-mart both did well during the recession. which factor of the business/marketing environment best explains this?

Answers

The business/marketing environment factor that explains why Netflix and Wal-mart did well during the recession is branding.

What is branding?

It corresponds to a strategy of active management of a brand, creating value for it through its visual identity ​​and objectives, generating engagement with the target audience and satisfying their needs and desires in an innovative and creative way.

Therefore, branding is an essential strategy for a brand to be competitive and well positioned in the market.

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An IAR has a customer with $1 million under management. The customer is experiencing a cash flow shortfall but does not want to liquidate part of the portfolio because it is performing so well. The client calls the IAR and asks for a short-term loan of $25,000. What should the IAR do

Answers

What the IAR has to do would be to The IAR should refuse the client's request.

Who is an IAR?

This is a person that works in an investment office an issues investment advise to clients for a certain fee.

The IAR has to refuse the request based on the situation s following the request that the client is making.

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Jim is an accountant who reimburses travel expenses for company employees who have used personal funds for travel. Tom, a company sales rep, has requested a reimbursement for a $200 dinner. However, Tom does not have proper documentation which means the expense cannot be reimbursed. Tom offers to split the reimbursement with Jim, if Jim will approve it without the documentation. Jim should

Answers

The inference shows that Jim should reject the reimbursement as confidentially report the incident.

What is an inference?

An inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference shows that Jim should reject the reimbursement as confidentially report the incident.

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Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to: Multiple select question. lengthen their daily working hours follow the daily sales and expenses travel to other area businesses manage customer records

Answers

The inexpensive computer systems helps the business manager to follow the daily sales and expenses and manage customer records.

What is a computer system?

The compilation of pieces of hardware and softwares by connecting them together to create a network of computer in order to perform certain functions is known as a computer system.

Hence, options B and D hold true regarding computer system.

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In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what was the rate of increase for these automobiles between the two time periods? (

Answers

The rate of increase for these automobiles between the two time periods is  10%

What is automobiles?

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

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Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in this phase? In the initiation phase, Samantha’s team needs to clarify the project’s and justify it.\]\\

Answers

Answer:

The Initiation Phase is the stage of the project lifecycle in which the project proposal is conceived, assessed, and then approved for implementation by the Project Sponsor and the Vice Chancellor/Chief Information Officer. A formal project discovery process documents and reviews the project justification, important deliverables, risks, projected cost and resource needs, and other project information.

The team is supposed to agree on a project vision, set primary targets, and justify the initiative. Examine project charters, project change procedures, and past project experience gained; determine all project stakeholders and define service/product owners, project team member roles and duties, resources needed, cost estimates, and a general schedule. By developing the project charter and receiving Project Sponsor agreement to proceed with detailed planning.

Which sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions?
Martha is in her late teens. She lost her father in the war several years ago. Just like her father, Martha wants to join the military and serve her country. However, Martha has several obstacles in her path. Martha’s mother is overly protective of her daughter and has always tried to keep her safe. Also, Martha is still tormented by the memories of the war and her father’s absence. To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.

Answers

"Martha is in her late teens. She lost her father in the war several years ago. Just like her father...." the sentence in the passage is an example of a real-world situation that could restrict Martha’s decisions "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame.". This is further explained below.

What is a passage?

Generally, a passage is simply defined as a part or chunk of a piece of writing.

In conclusion, Martha  in the passage Martha saw a real-world situation and this was "To make matters worse, Martha might not qualify for the military because of her petite and fragile frame." was on that could that restrict Martha’s decisions

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Answer:

Martha might not qualify for the military because of her petite and fragile frame.

Explanation:

I took the test! Correct in Edmentum!

A data analyst at a nonprofit organization is working with a dataset about a summer fundraiser. Although they have a lot of useful data by the end of the month, they recognize that the data is insufficient. So, they decide to wait until the end of the season to begin working with the dataset. Which type of insufficient data does this example describe?

Answers

The type of insufficient data does this example describe is: Data that keeps updating.

Who is a data analyst?

A data analyst can be defined as a person that  help to collect data or information so to discover information  that may be use during decision making process.

In as situation where their is insufficient or enough data despite having useful data  this means that keeps updating.

Therefore this is an example of Data that keeps updating.

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The _____ approach for constructing a WBS involves refining the work into greater and greater levels of detail.

Answers

The bottom-up top-down mind mapping approach for constructing a WBS involves refining the work into greater and greater levels of detail.

What is Mind Mapping?

This refers to the graphical depiction of ideas and concepts that helps to organize information.

Hence, we can see that when constructing a WBS, it is important to use the bottom-up top-down mind mapping approach so that there would be more detail in the work.

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The principle of exceptions allows managers to focus on correcting variances between.

Answers

Answer:

The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.

What would break the link between a linked table and the original database? Check all that apply.
Orenaming the original database
Osaving a copy of the table as another name
O moving the original database to another folder
O exporting a copy of the table to another database
O embedding a copy of the table in another database

Answers

The movement of the original database to another folder would break the link between a linked table and the original database.

What will the movement of the original database do?

When the original database is moved, the linked table will be disrupted from synchronization with the database.

Hence, the movement of the original database to another folder would break the link between a linked table and the original database.

Therefore, the Option C is correct.

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Answer:

renaming the original database

moving the original database to another folder

Explanation:

I just did it :)

As an agent, you owe fiduciary duties to your client. among these are loyalty, reasonable skill and care, confidentiality, accounting, and disclosure. what fiduciary duty is missing from this list

Answers

The fiduciary duty Obedience is missing from the list.

What are the fiduciary duties?

Fiduciary duties are those duties, which work in the interest of another party or an entity.

The main duties included in the fiduciary list are Accounting, Care, Confidentially, Disclosure, Loyalty and Obedience.

Fiduciary duties ensures the benefit of another party.

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Higher cash flows earlier in a project's life are Blank______ valuable than higher cash flows later on.

Answers

When we get higher cashflows in a projects life at an earlier period, these are more valuable than later on.

Why are earlier cashflows more valuable?

When we receive higher cashflows earlier on in a project's life, the discounted values of these cashflows will be higher.

This is as opposed to receiving them later on where the discounted values will be lower on account of there being a longer period to discount over.

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The top five cities where venture capitalists are investing their money represent 10% of the global total.
True
False

Answers

it is false statement that the top five cities where venture capitalists are investing their money represent 10% of the global total.

What is a Venture capital?

This refers to the managerial expertise provided by investors to startup firms with long-term growth potential.

However, it is false that the top five cities where venture capitalists are investing their money represent 10% of the global total.

Therefore, the statement is a false statement.

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Pina Colada Company has the following balances in selected accounts on December 31, 2022.
Accounts Receivable
$ 0
Accumulated Depreciation—Equipment
0
Equipment
9,240
Interest Payable
0
Notes Payable
13,200
Prepaid Insurance
2,772
Salaries and Wages Payable
0
Supplies
3,234
Unearned Service Revenue
39,600
All the accounts have normal balances. The following information has been gathered at December 31, 2022.

1. Pina Colada Company borrowed $13,200 by signing a 12%, 1-year note on September 1, 2022. Interest will be paid when the note is repaid.
2. A count of supplies on December 31, 2022, indicates that supplies of $1,188 are on hand.
3. Depreciation on the equipment for 2022 is $1,320.
4. Pina Colada paid $2,772 for 12 months of insurance coverage on June 1, 2022.
5. On December 1, 2022, Pina Colada collected $39,600 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023.
6. Pina Colada performed consulting services for a client in December 2022. The client will be billed $5,544.
7. Pina Colada pays its employees total salaries of $11,880 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022.

Answers

The appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.

Journal entries

Pina Colada Company journal entries

Debit Interest expense $528

Credit Interest payable $528

($13,200×12%×4/12)

Debit Depreciation expenses  $1,320

Credit Accumulated depreciation  equipment $1,320

Debit  Supplies expenses $2,044

Credit Supplies 2044

(3234-1,188)

Debit Insurance expenses $1,617

Credit Prepaid insurance $1,617

($2,772×7/12)

Debit Unearned service revenue $9,900

Credit Service revenue $9,900

($39,600×1/4)

Debit Accounts Receivable  $5,544

Credit Service Revenue $5,544

Debit  Salaries and wages expenses $7,128

Cred it Salaries and wages pay $7,128

($11,880×3/5)

Therefore the appropriate journal entries to record the transactions are: Debit Interest expense $528; Credit Interest payable $528.

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A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80. Calculate the dirty price of this bond.

Answers

A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%,  is mathematically given as

DP=95.696. Option D is correct

What is the dirty price of this bond?

Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.

In conclusion, Dirty price

DP = (Clean price +  interest Accrued)

Therefore

DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)

DP=95.696

CQ

A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.

Calculate the dirty price of this bond.

O 81.370

85.216

93.471

o 95.696

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Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential blank______ that a firm may identify during a swot analysis.

Answers

Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential strengths that a firm may identify during a swot analysis.

What is a SWOT analysis?

This is the framework that is used to know the strength of an organization, its weaknesses, its opportunities and its threats.

The SWOT analysis is useful due to the fact that it relates to situational analysis or assessment.

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