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 125 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
YES! Correct, THANKS for helping me on my review

chjcharjto14

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Teresa Hubbard and Alexander Birchler, Detached Building. Teresa Hubbard and Alexander Birchler, Detached Building.
Four terrorist incidents. Clockwise from top left: the Alfred P. Murrah Federal Building after ... Four terrorist incidents. Clockwise from top left: the Alfred P. Murrah Federal Building after ...
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 ...
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 ...
Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away Packaging materials like zip-close bags, egg cartons, and takeout containers should be thrown away
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library