Financial Accounting: [6 points] Star Mobile Store-bought phones worth $40,000. Terms include 2/10, n/30. If they pay within the discount period, calculate the amount of payment after cash discount.
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![Financial Accounting: [6 points]
Star Mobile Store-bought phones worth $40,000.
Terms include 2/10, n/30. If they pay within the
discount period, calculate the amount of payment
after cash discount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F633997c1-90e1-4edf-b993-e8cbebfc87e1%2F382462b1-0c95-4e13-8e91-16c6ccbd468d%2Fre65c7l_processed.jpeg&w=3840&q=75)
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- John Lee Wholesale provides the following information: Accounts Receivable - 01/07/2020 $150 Accounts Receivable - 30/06/2021 900 Cash received from accounts receivable 8,050 What would be the credit sales for the year? Select one: 8,950 750 8,800 1,050when soling services for 20.000 in cash and 5000on credit what amount goes on cash 2500 or 20,000. the endtry is 20,000 cash A/R 5000F1 please healp......
- If Abby INC sells items to a customer who uses a credit card for $1100 and there is a credit card fee of 1.5% Abby will record an : ______ Round your final answer to the nearest dollar A. DEBIT TO ACCOUNT RECIEABLE FOR $1083 B. Credit to sales revenue for $1083 C. debit to sales expense for $17 D. Debit to credit card discount expense for $17A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full on April 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plants were received on April 25. If she paid on May 12, how much did she pay?CardPointe UTA Is The Leader I... Commercial Captur... New Tab UPS-Shipping Search for Corporat... ups On March 4, Micro Sales makes $12,30o in sales on bank credit cards which charge a 1% service charge and deposits the funds into Micro Sales bank accounts at the end of the business day. Journalize the sales and recognition of expense, assuming cash deposited should be reduced by the service charge. If an amount box does not require an entry, leave it blank or enter "0". Мaг. 4 Previous Next> Email Instruct II
- Logan Sales provides the following information: Net credit sales: $770,000 Beginning net accounts receivable: $45,000.00 Ending net accounts receivable: $22,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) A. 23 times B. 35 times C. 33 times D. 17 timesLATION Saved V Mailings Review View Help Grammarly lity: Investigate O Search (Alt+Q) The balance on a credit card, that charges a 10.5% APR interest rate, over a 1 month period is given in the following table: I Days 1-5: $200 (initial balance) Days 6-20: $350 ($150 purchase) Days 21-30: $150 ($200 payment) What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge = $ [?] Round to the nearest hundredth. DELL Enter6. A business allows customers to pay with a credit card or with cash. If paid with cash, the customer receives a discount of 100r%, where 0Po.33.10. A bank note is discounted at 6% in order to take advantage of the cash discount On an invoice for $8,080.00 plus shipping charge of $42.00. The credit terms Are 2/15, n/45. a. What is the cash discount? $ _ Calculate the proceeds needed to pay the invoice in full taking advantage Of the cash discount: b.Calculate the average daily balance and finance charge on the statement below. Assume 2% finance charge on average daily balance. Note: Round your "Finance charge" to the nearest cent. 7/3 7/18 7/27 30-day billing cycle Balance Payment Charge Walmart Average daily balance Finance charge $ 400 100 250 CreditSEE MORE QUESTIONS