This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Contractor Jason Barrett bought 8,750 worth of building materials on August 26 . The supplier ... (Read 117 times)

kamilo84

  • Sr. Member
  • ****
  • Posts: 495
on: Jun 24, 2018
Contractor Jason Barrett bought 8,750 worth of building materials on August 26 . The supplier offered a 2.5 cash discount on any amount paid within 7 days. Compute the amount the builder should remit to credit their account for 7,500 . (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Forman and Brasso Furniture Company had net income of 34,00 . and owners' equity of 130,500 . Compute the rate of return on investment. Express your answer as a percentage. (Round answer to two decimal places.)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fffftttt

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

100 . - 2.5 = 97.5
7,500  0.975 = 7,312.50 remittance

Answer to Question 2

26.05


kamilo84

  • Member
  • Posts: 495
Reply 2 on: Jun 24, 2018
Gracias!

Sarahjh

  • Member
  • Posts: 370
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Species of reef-building corals may be able to adapt to warming waters by relying on algae Species of reef-building corals may be able to adapt to warming waters by relying on algae
Building competency in safety Building competency in safety
Using educational materials, the medical assistant discusses lifestyle changes with a diabetic ... Using educational materials, the medical assistant discusses lifestyle changes with a diabetic ...
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
Animated The one-way flow of energy and cycling of materials in the world of life Animated The one-way flow of energy and cycling of materials in the world of life
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library