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

Author Question: On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that ... (Read 151 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 24, 2018
On April 26, Kindler Welding Corp purchased 8,640 worth of welding supplies from a wholesaler that offered terms of 1.75/7, net 30 . The discount applies to any amount paid within the discount period. What is the unpaid balance if Kindler paid 6,00 . on May 1? (This problem involves the partial payment of an invoice within the discount period.)

Question 2

Warm Winters Linen, Inc had net sales of 350,00 . and net income of 30,000 . Compute the relationship of net income to net sales. Express your answer as a percentage. (Round answer accurate 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

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

100 . - 1.75 = 98.25
6,00 . 0.9825 = 6,106.87
8,640 - 6,106.87 = 2,533.13 unpaid balance

Answer to Question 2

8.57


lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Jun 24, 2018
Wow, this really help

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Equipment and supplies used during a physical examination. Equipment and supplies used during a physical examination.
Typical Examination Room Equipment and Supplies Typical Examination Room Equipment and Supplies
Every medical office should keep emergency supplies in a waterproof container. Every medical office should keep emergency supplies in a waterproof container.
Different sources for 100 calories worth of protein Different sources for 100 calories worth of protein
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
April 4 2023 April 4 2023
Video: Cardiac conductile cells

For a complete list of videos, visit our video library