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In: Accounting
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
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Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
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ekkarill92 answered 2 years agoRelated Solutions
Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
QS 5-4 Computing net invoice amounts LO P1 Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period.
Determine the amount to be paid in full settlement of each of two invoices, (a) and (b)
PE 6-4A Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.MerchandiseFreightPaid by SellerFreight TermsReturns andAllowancesa.$90,000$1,000FOB shipping point, 1/10, n/30$15,000b.110,0001,575FOB destination, 2/10, n/308,500PE 6-4B Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment...
Freight Terms Determine the amount to be paid in full settlement of each of two invoices,...
Freight Terms
Determine the amount to be paid in full settlement of each of
two invoices, (a) and (b), assuming that credit for returns and
allowances was received prior to payment and that all invoices were
paid within the discount period.
Merchandise
Freight
Paid by Seller
Freight Terms
Returns and
Allowances
a.
$36,000
$800
FOB destination, 1/10, n/30
$4,000
b.
44,900
375
FOB shipping point, 2/10, n/30
2,400
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...
Determining Amounts to be Paid on Invoices
Determine the amount to be paid in full settlement of each of
the following invoices, assuming that credit for returns and
allowances was received prior to payment and that all invoices were
paid within the discount period:
Merchandise
Invoice Amount
Freight
Paid by Seller
Customer Returns
and Allowances
a.
$19,400
—
FOB destination, n/30
$1,000
b.
12,400
$500
FOB shipping point, 2/10, n/30
1,500
c.
8,700
—
FOB shipping point, 1/10, n/30
800 ...
Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement...
Determining Amounts to be Paid on Invoices Determine the amount
to be paid in full settlement of each of the following invoices,
assuming that credit for returns and allowances was received prior
to payment and that all invoices were paid within the discount
period. Merchandise Freight Paid by Seller Returns and Allowances
a. $21,700 - FOB destination, n/30 $1,100 b. 11,100 $400 FOB
shipping point, 1/10, n/30 1,300 c. 8,300 - FOB shipping point,
2/10, n/30 700 d. 2,600 100...
Determining amounts to be paid on invoices Determine the amount to be paid in full settlement...
Determining amounts to be paid on invoices
Determine the amount to be paid in full settlement of each of
the following invoices, assuming that credit for returns and
allowances was received prior to payment and that all invoices were
paid within the discount period:
Merchandise
Invoice Amount
Freight
Paid by Seller
Customer Returns
and Allowances
a.
$33,500
—
FOB destination, n/30
$1,700
b.
12,700
$310
FOB shipping point, 2/10, n/30
2,500
c.
21,800
—
FOB shipping point, 2/10, n/30
4,200 ...
Compute the payback period for each of these two separate investments: A new operating system for...
Compute the payback period for each of these two separate
investments:
A new operating system for an existing machine is expected to
cost $270,000 and have a useful life of six years. The system
yields an incremental after-tax income of $77,884 each year after
deducting its straight-line depreciation. The predicted salvage
value of the system is $10,000.
A machine costs $200,000, has a $14,000 salvage value, is
expected to last eleven years, and will generate an after-tax
income of $43,000...
Compute the payback period for each of these two separate investments: A new operating system for...
Compute the payback period for each of these two separate
investments: A new operating system for an existing machine is
expected to cost $270,000 and have a useful life of five years. The
system yields an incremental after-tax income of $77,884 each year
after deducting its straight-line depreciation. The predicted
salvage value of the system is $10,000. A machine costs $200,000,
has a $14,000 salvage value, is expected to last eleven years, and
will generate an after-tax income of $43,000...
Compute the payback period for each of these two separate investments: A new operating system for...
Compute the payback period for each of these two separate
investments:
A new operating system for an existing machine is expected to
cost $240,000 and have a useful life of six years. The system
yields an incremental after-tax income of $69,230 each year after
deducting its straight-line depreciation. The predicted salvage
value of the system is $9,000.
A machine costs $210,000, has a $13,000 salvage value, is
expected to last seven years, and will generate an after-tax income
of $38,000...
Compute the payback period for each of these two separate investments: A new operating system for...
Compute the payback period for each of these two separate
investments:
A new operating system for an existing machine is expected to
cost $240,000 and have a useful life of six years. The system
yields an incremental after-tax income of $69,230 each year after
deducting its straight-line depreciation. The predicted salvage
value of the system is $9,000.
A machine costs $180,000, has a $13,000 salvage value, is
expected to last seven years, and will generate an after-tax income
of $38,000...
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