Contractor Jason Barrett bought 8,750 worth of building materials ...

[kamilo84]

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.)

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Answer to Question 1

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

Answer to Question 2

26.05

[kamilo84]

YES! Correct, THANKS for helping me on my review

[amandalm]

Thanks for the timely response, appreciate it