a company purchased a truck for $30,000, which it expects to use for 50,000 miles and then sell for $8,000. if the units-of-output method of depreciation is used and depreciation expense for a year is $3,960, how many miles was the truck driven?
Answers
The answer to the question is that the truck was driven for 10,050 miles during the year.
The units-of-output method of depreciation is based on the idea that the amount of depreciation expense should be proportional to the amount of use that an asset receives. In the case of the truck, the company expects to use it for 50,000 miles before selling it for $8,000.
To calculate the depreciation expense for each mile driven, we can use the following formula:
Depreciation expense per mile = (Purchase price - Residual value) / Total expected miles
In this case, the depreciation expense per mile would be:
Depreciation expense per mile = ($30,000 - $8,000) / 50,000 = $0.44 per mile
To find out how many miles the truck was driven during the year, we can use the fact that the depreciation expense for the year was $3,960. We can set up an equation:
Depreciation expense for the year = Depreciation expense per mile x Number of miles driven
$3,960 = $0.44 x Number of miles driven
Solving for the number of miles driven, we get:
Number of miles driven = $3,960 / $0.44 = 9,000 miles
Therefore, the detailed answer to your question is that the truck was driven for 9,000 miles during the year.
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Related Questions
All other things being equal, when companies repurchases its common stock: A. EPS and ROE both increase. B. EPS decreases and ROE increases. C. EPS increases and ROE decreases. D. EPS increases and ROE stays the same.
Answers
When a company repurchases its common stock, A. EPS and ROE both increase (assuming all other things remain equal).
Here's a breakdown of the impact of stock repurchases on EPS (Earnings Per Share) and ROE (Return on Equity): EPS: When a company repurchases its own stock, the number of outstanding shares decreases. As a result, the company's earnings are divided among a smaller number of shares, leading to an increase in EPS. This is because the repurchased shares are no longer included in the calculation of EPS. ROE: ROE is a measure of profitability that indicates how efficiently a company utilizes its equity. When a company repurchases its stock, the equity portion of the balance sheet decreases since the repurchase is funded by using retained earnings or cash reserves. As a result, the denominator in the ROE formula (which is equity) decreases, leading to an increase in ROE if net income remains the same.
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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answers
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
true or false: a change in one of the determinants of supply results in a movement along the supply curve.
Answers
A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.
The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.
For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.
The two different supply curve types are individual and market.
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Question Mode Multiple Select Question Select all that apply Select the items that characterize organizations. (Select all that apply) Multiple select question. develops goods, services, or ideas main goal is to earn a profit strives to create value for its customers consists of people who share a common mission
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The items that characterize organizations include;
Develops goods, services or ideas.Develops goods, services or ideas.create value for its customersDevelops goods, services or ideas.create value for its customersConsists of people who share a common missionWhat is an organization?The general characterization of an organisation is a group of people who share a common mission, strives to create value in the form of goods, services and ideas in some cases.
A major categorization of an organisation could be as to whether the organization is;
A profit oriented organisation ORA non-profit oriented organisation.Read more on organisations;
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A machine at a manufacturing company is programmed to fill shampoo bottles such that the amount of shampoo in each bottle is normally distributed with mean 0.60 liter and standard deviation 0.04 liter. let the random variable a represent the amount of shampoo, in liters, that is inserted into a bottle by the filling machine.
Answers
The probability that a randomly selected bottle of shampoo will be underfilled is 0.0062.
What is the meaning of Probability?
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 as well as 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, the probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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pressure ulcer risk assessment should be completed how often
Answers
Pressure ulcer risk assessment should be completed on a regular basis to ensure that patients are receiving the appropriate care. The frequency of risk assessment may vary depending on the patient's needs and condition.
Generally, risk assessment should be completed every time a patient is admitted to a healthcare facility. After that, it should be performed regularly, at least every 24-48 hours, especially if the patient's condition is unstable or they are undergoing any significant changes. Additionally, risk assessment should be performed at every patient care transition, such as when a patient is transferred from one facility to another or when they are discharged from the hospital. This helps to ensure that the patient is receiving the necessary care and that their condition is being closely monitored.
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Due to the necessity of living on a fixed income, many retirees find it difficult to _______. a. Afford to keep their large homes b. Maintain their old standard of living c. Pay for unexpected expenses d. All of the above
Answers
Answer:
D:all the above
Explanation:
i took the unit test.
Answer:
Its 100% D
Explanation:
Got a 100%
Suppose a country decides to abandon paper currency and coins, and to adopt eggs as its national currency. Analyze the wisdom of this decision. Base your reasoning on each of the three uses of money.
Answers
While eggs may have some value as a commodity, using them as a national currency would not be wise. There are several reasons why eggs are not a suitable replacement for paper currency and coins.
Medium of exchange: Eggs would not be a practical medium of exchange. Eggs are fragile and can easily break, making them difficult to transport and store. They are also perishable and have a limited shelf life, which would create logistical problems for businesses and consumers.
Unit of account: Eggs would not be a stable unit of account. The price of eggs can fluctuate greatly depending on factors such as supply and demand, weather conditions, and disease outbreaks. This volatility would make it difficult for businesses to plan and make long-term investments.
Store of value: Eggs would not be a reliable store of value. As mentioned above, eggs are perishable and have a limited shelf life. They also require careful storage and handling to prevent spoilage. In addition, the value of eggs could be subject to sudden and unpredictable shifts in the market, which would make them a risky investment.
In conclusion, while eggs may have some value as a commodity, using them as a national currency would be unwise due to their fragility, volatility, and perishability. A currency needs to be a practical medium of exchange, a stable unit of account, and a reliable store of value, and eggs do not meet these criteria.
Which option will cause a business to lose money from a failing product
Answers
Group of answer choices.
A. Rebrand the product
B. Spin off the product
C. Discontinue the product
D. Continue the product
Answer:
D. Continue the product
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
A product that is at the decline stage is generally referred to as a failed product and wouldn't generate profit or much revenue for the manufacturer because it has little economic importance.
This ultimately implies that, continuing with a failed product is an option which will cause a business to lose money from a failing product.
Answer:
D. Continue the product
Explanation:
Which option will cause a business to lose money from a failing product Continue.
Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answers
Answer:
It might be D- whic
Danson Company is a chemical manufacturer that supplies various products to industrial users. The company plans to introduce a new chemical solution, called Nysap, for which it needs to develop a standard product cost. The following information is available on the production of Nysap: (i) Nysap is made by combining a chemical compound (nyclyn) and a solution (salex), and boiling the mixture. A 20% loss in volume occurs for both the salex and the nyclyn during boiling. After boiling, the mixture consists of 9.6 liters of salex and 12 kilograms of nyclyn per 10 -liter batch of Nysap. (ii) After the boiling process is complete, the solution is cooled slightly before 5 kilograms of protet are added per 10-liter batch of Nysap. The addition of the protet does not affect the total liquid volume. The resulting solution is then bottled in 10-liter containers. (iii) The finished product is highly unstable, and one 10-liter batch out of five is rejected at final inspection. Rejected batches have no commercial value and are thrown out. (iv) It takes a worker 35 minutes to process one 10-liter batch of Nysap. Employees work an eight-hour day, including one hour per day for rest breaks and cleanup.
(c) Assuming the following costs, prepare a standard cost card for direct materials and direct labor for one acceptable 10-liter batch of Nysap:
Answers
Standard Cost Card
Product Name Material Required per Standard Cost
20 ltr batch Rate
Select 23.63 2.00 47.25
Nylon 36.75 3.00 110.25
Protet 25.08 3.50 87.79
Labour 49 min 15.60 12.74
Charges
Total: 258.03.
Examples include rent due, utilities due, insurance due, salaries due for office workers, and office supplies. Read more is $15 per hour with a standard fixed cost of $100,000. So the total number of hours to manufacture one unit is 10 hours. Determine your company's standard cost.
Standard cost is described as prescribed cost, estimated future cost, forecasted cost, budgetary unit cost, forecasted cost, or planned cost. Standard cost is often an integral part of a manufacturer's annual profit plan and operating budget.
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Two lines are perpendicular to one another when the product of their slopes is equal to.
Answers
Two lines are perpendicular to one another when the product of their slopes is equal to non-vertical traces are perpendicular if and handiest if the fabricated from their slopes is -1. In different words, the slopes of perpendicular traces are bad reciprocals of every different.
If traces have the equal slope, then the traces are nonvertical parallel traces. If traces are perpendicular and neither one is vertical, then one of the traces has a superb slope, and the opposite has a bad slope. Also, absolutely the values in their slopes are reciprocals. These traces are perpendicular since their slopes are bad reciprocals. If you multiply a slope instance its bad reciprocal, the end result is always -1.
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Whenever inflation rates are overestimated for the life of a loan, creditors lose and debtors gain.
(True or False)
Answers
True. If inflation rates are overestimated for the life of a loan, creditors lose and debtors gain. This is because creditors are lending money at a certain interest rate based on an assumed inflation rate, which is the expected increase in prices over time.
When inflation rates are overestimated for the life of a loan, creditors (lenders) lose and debtors (borrowers) gain. This is because inflation erodes the purchasing power of money over time. If inflation rates are overestimated, the actual inflation experienced turns out to be lower than expected. As a result, the real value of the money borrowed decreases, benefiting the debtor.
For example, if a borrower takes out a fixed-rate loan with an interest rate that incorporates an overestimated inflation rate, they effectively repay the loan with money that has a higher purchasing power than anticipated. In other words, they are repaying the loan with "cheaper" dollars. On the other hand, the lender receives back money with less purchasing power than they anticipated when lending the funds, resulting in a loss.
Inflation expectations play a crucial role in financial transactions, particularly in long-term loans or contracts. If inflation turns out to be lower than expected, it can lead to a redistribution of wealth from creditors to debtors. However, if inflation is higher than anticipated, the opposite situation occurs, with creditors benefiting and debtors facing increased repayment burdens.
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if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of which assessment method?
Answers
Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of a situational interview.
We regret to inform you that (organization) is not considering your application for this position. Your qualifications are excellent, but the selection process is very competitive and we have decided to hire candidates whose qualifications better suit our needs at this time.
Because structured interviews are more efficient than semi-structured and structured interviews in predicting job performance. Meta-analysis studies show that structured interviews are up to twice as effective at predicting job performance as situational interviews.
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Excuse me,
(ಠ_ಠ)
ง ง
Answers
Explanation:
There should be no minimum wage in America. Workers should negotiate their pay! Do you agree with this statement? Why or why not?
Answers
Answer:
Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.
Hope that helps
Which point on the business cycle BEST represents an expansionary phase?
Answers
Answer: the answer is D
Explanation:
Expansionary could also be used as going up
On the given diagram of graph, the business cycle best represents an expansionary phase is Point D. The correct option is (D).
What do you mean by the business cycle?Business cycles are characterized by a country's economic activity experiencing a boom in one period and a fall in the next.
The two key stages of a business cycle are basically prosperity and depression. The expansion, peak, trough, and recovery stages are also intermediate phases.
The expansion phase of a business cycle is represented by the cycle line that rises above the steady growth line. The production, employment, output, wages, profits, demand and supply of goods, and sales all rise during the expansion phase of a business.
Here,
According to the graph, the points represents the phases as:
Point A = Peak phases.
Point B = Recession phases.
Point C = Trough phases.
Point D = Expansion phases.
Therefore, the given diagram of graph, the business cycle best represents an expansionary phase is Point D.
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Please help me, I'm in a test. Which of the following is an example of an activity in the follow-up stage of personal selling?
A. Helping a prospect arrive at a purchase decision
B. Making it easy to reorder supplies
C. Treating a prospect's concerns as a natural part of the decision process
D. Trying to meet a prospect's conditions
Answers
Answer:
B Making it easy to reorder supplies
Explanation:
An example of the activity in the follow-up stage of personal selling is through making it easy to reorder the supplies. Thus option B is correct.
Waht is perosnal selling ?Personal selling is called as the face to face selling and includes the one person who is the salesman and tries to convince the customer to buy the product through his skills and abilities.
The aim of personal selling is to make a profit and to initiate a sale and there generate revenue.
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Gordon is over 65 what is his adjusted gross income
Answers
Answer:
huh
Explanation:
hbybibhbil
an investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an ira account at your firm. which of the following statements is true? qid: 3571180 mark for review a there will be a 10% penalty b there will be a 50% penalty c there will be no penalty d there will be no penalty but the amount transferred will be taxable
Answers
An investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an IRA account at your firm. There will be no penalty is true. Thus, option (c) is correct.
It is crucial to keep in mind that if the transfer is executed improperly, it can be viewed as a distribution and subject to taxation and perhaps an early withdrawal penalty.
Additionally, there may be a 10% federal penalty tax (with some circumstances) on withdrawals of contributions and gains made before age 59 1/2 if the money is converted to a regular IRA.
Unless certain conditions are met, the investor who needed access to the funds after they have been rolled over to an IRA risked incurring the 10% penalty.
Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
An investor, age 52, with funds in a 401(k) plan, is leaving her employer and wants to transfer the funds to an IRA account at your firm. which of the following statements is true?
A. there will be a 10% penalty B. there will be a 50% penalty C. there will be no penalty D. there will be no penalty, but the amount transferred will be taxable.Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Answers
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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on september 16, 2011, the new york times reported that the american public's approval rating of congress had sunk to an all-time low of 12%. if this were regarded as true for the population, and a poll two weeks later of 500 individuals found a proportion of 14%, we can find the value of the z test statistic using the formula: . what is the simplified numerator? please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.
Answers
To estimate the percentage of people who at that time approve of Congress to within 3% at 95% confidence, 451 people must be surveyed.
According to the problem:
The sample size is 451, with n.
Margin of error is E=0.03
Sample Proportion P=0.12
The confidence level from the question is 95%, hence the level of significance is,
\(\alpha=(100-95)\%\)
\(\alpha=5\%\)
\(\alpha=0.05\)
The critical value of, according to the normal distribution table,
\(\alpha/2\) is,
\(\frac{Z\alpha}{2} =1.96\)
The sample size is also mathematically denoted by the following:
\(n=\frac{Z_\alpha/2}{E} \times\hat{p}(1-\hat{p})\)
\(n=(\frac{1.96}{0.03}) ^2\times0.12(1-0.12)\)
\(n=451\)
In order to determine the percentage of people who approve of Congress at that time to within 3% at 95% confidence, 451 people must be surveyed.
Any properly distributed data with any potential value for its parameters the mean and the standard deviation are represented by a normal distribution, which is a type of general distribution. The standard normal distribution, on the other hand, is a special example where the mean equals zero and the standard deviation is the unit. Because of this, we are able to use the terms normal distribution and standard normal distribution.
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A dollar received today is worth more than a dollar received tomorrow because of: (select all that apply)
Answers
A dollar received today is worth more than a dollar received tomorrow because of:
Higher purchasing powersOpportunity costNo risk.What is the time value of money?The time value of money is a concept that underscores that today's money is of more value than tomorrow's money of the same amount.
This concept shows that the cash at hand can be used for:
Business expansionInvestmentsOther expenses.Thus, given the time value of money, it has been concluded that a "dollar received today is worth more than a dollar received tomorrow."
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How long do cross-departmental teams work together?
Answers
Answer:
First, department heads should be modeling cross-departmental collaboration by regularly and visibly engaging with each other – and with each other’s teams. If they notice that their department is becoming too isolated or is hesitant to collaborate with others, these leaders should be the first to start building bridges, and not just directing others to do so. Second, you need a mechanism in place to effectively collect employee feedback, in a way that makes employees feel safe from any negative consequences for speaking up.
Explanation:
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I NEED HELP DESPERATELY!!!! BRAINLIEST!!!!
Imagine you are taking an international trip. Where would you go? What are the requirements to enter the country (visa, vaccinations, etc.)? What travel documents do you already possess, and which would you need to obtain? What else might you need to do to plan your trip?
please hurry it's overdue!! tysmmmm
Answers
Answer:
I would go to Canada
Explanation:
Travellers entering Canada by land, air or water, regardless of citizenship, must follow testing and quarantine requirements to keep everyone safe.
Canadians must meet and follow all of the same entry requirements.
Starting April 1, 2022, pre-entry tests are no longer required for fully vaccinated travellers entering Canada by land, air or water. You must still use ArriveCAN within 72 hours before your
he Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel’s business is highly seasonal, with peaks occurring during the ski season and in the summer. Month Occupancy-Days Electrical Costs January 3,240 $ 8,622 February 3,060 $ 8,228 March 1,150 $ 3,910 April 2,260 $ 7,684 May 4,310 $ 10,984 June 1,270 $ 4,318 July 3,410 $ 9,418 August 640 $ 2,176 September 1,310 $ 4,454 October 3,760 $ 9,738 November 1,330 $ 4,522 December 2,570 $ 7,868 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.)
Answers
Answer:
Fixed costs= $640
Variable cost per unit= $2.4
Explanation:
Giving the following information:
Month Occupancy-Days Electrical Costs
January 3,240 $ 8,622
February 3,060 $ 8,228
March 1,150 $ 3,910
April 2,260 $ 7,684
May 4,310 $ 10,984
June 1,270 $ 4,318
July 3,410 $ 9,418
August 640 $ 2,176
September 1,310 $ 4,454
October 3,760 $ 9,738
November 1,330 $ 4,522
December 2,570 $ 7,868
To calculate the unitary variable cost and the fixed cost under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,984 - 2,176) / (4,310 - 640)
Variable cost per unit= $2.4
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,984 - (2.4*4,310)
Fixed costs= $640
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,176 - (2.4*640)
Fixed costs= $640
so whos gonna help me with my family and consumer science finals :/
Answers
heath company is searching for a new chief executive officer. select the taxes that would have an impact on this decision.
Answers
The selection of a new chief executive officer (CEO) for a healthcare company can be impacted by several taxes. Here are a few taxes that can affect this decision: Income Tax, Payroll Tax, Corporate Tax, Capital Gains Tax, Es.tate Tax
1. Income Tax: One of the significant factors that can influence the selection of a new CEO is the income tax rate. A higher income tax rate can result in reduced take-home pay for the CEO. As a result, candidates may be less likely to accept the position, and the company may have to offer a more substantial salary to attract a suitable candidate.
2. Payroll Tax: Another tax that can have an impact on the selection of a new CEO is the payroll tax. This tax is paid by both employers and employees and is calculated based on the employee's salary. If the payroll tax rate is high, the company may have to offer a higher salary to the new CEO to offset the tax burden.
3. Corporate Tax: The corporate tax rate can also have an impact on the decision to hire a new CEO. A higher corporate tax rate can reduce the profits of the company, which may result in reduced salary packages for the CEO.
4. Capital Gains Tax: If the company is planning to sell its assets or go public, the capital gains tax can have an impact on the selection of a new CEO. A higher capital gains tax can reduce the company's profits and reduce the amount of money available to pay the CEO.
5. Estate Tax: The estate tax can also be a consideration when selecting a new CEO. If the CEO is expected to inherit a significant portion of the company's assets, the estate tax can reduce the amount of money the CEO will receive.
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Find the final discount date and the net payment date for an invoice dated June 14 with terms of 3/10, net 20.
The final discount date is
(Type whole numbers.)
Answers
According to the given data, the final discount date is June 24 and the net payment date is July 4.
What do you mean by final discount date?Discount date is the date that comes ten (10) days after the bill's due date, unless another date is specified in the contract. The discount date is the final day that net rates can be applied to water and/or sewer charges.
The time frame during which an invoice must be fully paid in order to receive a reduction in the amount owed is known as the discount period.
Here,
Calculation of the final discount date:
Final discount date = June 14 + 10 days
Final discount date = June 24
Calculation of Net payment date:
Net payment date = June 14 + 20 days
Net Payment date = July 4
Therefore, through the data, the final discount date is June 24 and the net payment date is July 4.
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