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 108 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

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
building blocks building blocks
Absorption & Stripping Design Random packing materials Absorption & Stripping Design Random packing materials
Using educational materials, the medical assistant discusses lifestyle changes with a diabetic ... Using educational materials, the medical assistant discusses lifestyle changes with a diabetic ...
Classification of ceramic materials on the basis of application Classification of ceramic materials on the basis of application
Building a Client Base Building a Client Base
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library