Stacy's Dress Shop received a $1,130 invoice dated July 16 with 2/10, 1/15, n/60 terms. On July 30, Stacy's sent a $250 partial payment. a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance
Q: Sha Ico 3D
A:
Q: An investment of 7,500,000 is expected to produce the following cash flows including decommissioning...
A: Discount Rate = 7.5% Cash Flows: Year Cash Flow 0 -7,500,000.00 1 1,750,000.00 2 2,250,000....
Q: de during a 25-year period, at annually compounded rate of return must it eam? (Do not round Interme...
A: Future value of money grow with increase in compounding due to increased effective interest rate.
Q: a) What are x and y? b) What are the cumulative repricing gaps for 1 month (CGAP1-month), 3 months (...
A: Since you have posted a question with multiple sub parts therefore, as per the guidelines we will b...
Q: Once capital markets are integrated, it is difficult for a country to maintain a fixed exchange rate...
A: Capital markets are places where money is exchanged between people who supply capital and those who ...
Q: Which one of the below most likely respresents the periodic receipts of interest? O the coupon rate....
A: Periodic payments means fixed amount paid regularly to the investor. Example interest amount on loan...
Q: What is the importance of Bond
A: Bond market is place there is buying and selling of bonds happen and bonds are traded in the market.
Q: loan is offered with monthly payments and a 10 percent APR. What’s the loan’s effective annual rate ...
A: Effective Annual Rate = [(1+ Annual Periodic rate /n)n] -1 Annual Periods = 12 months
Q: Which of the following statements is most correct?
A: Current Ratio: It is a measure of liquidity and the capability of a firm to pay its short-term oblig...
Q: Swap transactions: O a Involve the simultaneous sale (or purchase) of spot foreign exchange against ...
A: A swap is an instrument in which two parties exchange cash flows from two different instruments. For...
Q: You want to invest in a project in Canada. The project has an initial cost of C$1.6 million and is e...
A: Net Present Value(NPV) is the difference between current value of inflows and outflows related to an...
Q: Ashely's CFO wants to use P/E ratio to value the stock's terminal value in year 4. The CFO forecasts...
A: The price-to-earnings ratio (P/E ratio) is a valuation ratio that compares a company's current share...
Q: Why should stock market investors ignore specific risks when calculating required rates of return? O...
A:
Q: ABC Corporation invested in one of DEF's ordinary shares that has a par value of P500 and a market v...
A: Share price Share price is the current market price of the share. It is the price of the share at wh...
Q: Who is in charge of announcing future Treasury Auctions? a. The Federal Reserve b. The Treasury C. D...
A: Treasury Auction is the primary way of financing the debt securities for Federal Reserve. It is the ...
Q: Christine would like to know the value of their savings, assuming that they deposit $750 each month ...
A: Monthly deposit (P) = $750 Growth rate (g) = 3% Period = 25 Years Number of deposits (n) = 25*12 = 3...
Q: What are the upper and lower bounds for these projections?
A: Revenue: It is the amount received from the firm's normal operations. Revenue involves the sale of ...
Q: need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: JAcad Steel has sold 1,500,000 worth of steel to Megawide Construction. Megawide Construction has pa...
A: Bill of Exchange is the instrument used by entities to have short-term finance where one company def...
Q: INV 1 4b You have invested in a portfolio of 60% in risky assets (Portfolio R) and 40% in T-bills. T...
A: The standard deviation of a portfolio is generally computed to measure the overall variation or disp...
Q: a) Explain the term 'annuity'. b) What is meant by 'investment appraisal? c) Explain the term 'usefu...
A: As you have asked a question with multiple parts, we will solve the first 3 parts as per the policy ...
Q: a. Use the Black-Scholes formula to find the value of the following call option. (Do not round inter...
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: 6% effemive RM1000 is invested in a fund for 3 years at 6% simple interest rate for the first intere...
A: We have to calculate the Interest earned in the second year and the rate for the second year is 6% ...
Q: A borrower received a 30-year ARM mortgage loan for $200,000. Rate caps are 3/2/6. The start rate is...
A: A variable-rate mortgage (ARM) is a type of house loan with a variable interest rate. The initial in...
Q: Kent Firm is contemplating shortening its Credit Period from 40 to 30 days and believes that, as a r...
A: Given: Particulars Existing Proposed Credit period 40 30 Average collection period 45 36 B...
Q: a. What are the major regulatory objectives that must be satisfied in insurance rate making? b. What...
A: Rate making in insurance is the determination of premium that is to be charged for insurance.
Q: Q3. A) If the supply price of machine is Rs. 3000 and Marginal productivity of capital is 10% , the ...
A: For Prospective income and supply price of an asset to be equal cost of capital must be at that rate...
Q: Stock Percentage of Portfolio Expected Return Standard Deviation Artemis Inc. 20% 6.00% 29.00% Babis...
A:
Q: An investment option is available with continuous compounding at 4.5% interest. If you invest P8,000...
A: Investment (PV) = P8000 Interest rate (r) = 4.5% Period (t) = 2 Years and 4 months = 2.3333333333333...
Q: Suppose Mexico is a major export market for your U.S.-based company and the Mexican peso appreciates...
A: Here, Mexico is a major export market for US based company and Mexican peso appreciates that means D...
Q: What’s the present value of a $900 annuity payment over five years if interest rates are 8 percent? ...
A: The present value of annuity is calculated by present value of all future payments from an annuity a...
Q: Briefiy explain (in one or two sentences) what the meaning is of the SFr/AS bid rate that you calcul...
A: Foreign Exchange rates: The value of one currency vis-vis another currency is known as the foreign e...
Q: Marilyn was supposed to pay $1,620 to Bernice on March 18. Some time later Marilyn paid Bernice an e...
A: Rate = 2.4% / 12 = 0.20%PV = -1620FV = 1672.63PMT = 0
Q: Which of the following statements about budgeting is incorrect? a. Budgets provide direction and coo...
A: a ) Budgets provide direction and coordination. This statement is correct because budgeting hel...
Q: $10,000 is paid as an annual dividend to shareholders, market value of shares is $100,000. The next ...
A: The Gordon growth model is the method of calculating the expected return through the information on ...
Q: On March 15, year 1, ABC Corporation adopted a plan to accumulate P1,000,000 by September 1, year 5....
A: There are 2 types of annuity:- A) Ordinary Annuity B) Annuity in Advance A) Ordinary Annuity:- Whe...
Q: ABC Bank pays interest at the rate of 2% compounded quarterly. How much will Ken have in the bank at...
A: Note : All the Given Options are incorrect , so we are solving the correct one for you as per the me...
Q: What is difference between fair value and market value?
A: Fair Value: It refers to the asset's actual worth and is fundamentally derived. Hence, not determine...
Q: On December 30, Year 1, ABC Corporation sold a machine to DEF Corporation in exchange for a non-inte...
A: Annual payment (A) = P 10000 n = 10 payments r = 8%
Q: Why is financial management so important for small and larger businesses?
A: Financial Management: Financial management means the planning and organization of the financial acti...
Q: Solve for the unknown number of years in each of the following (Do not round Intermediate calculatio...
A: Discounting and compounding are two methods for calculating the temporal worth of money (TVM). Disco...
Q: You charged $3,172 on a credit card. If you pay the minimum payment per month of $46.69, you will pa...
A: Charge of credit card = 3172 Minimum monthly payment = 46.69 N = 96 payments
Q: What does a very high inventory turnover ratio signify? Please provide your own example to explain y...
A: Inventory turnover ratio is one of the efficiency ratio, which says and calculates how many times in...
Q: Question 9 What is the probability of illiquidity given the lambda = 1.5? O 63% O 73% O 83% O 93%
A: In options trading, lambda is the Greek letter assigned to a variable that tells the ratio of how mu...
Q: Pedro Corp. currently has sales of P2,000,000, and its days sales outstanding is 2 week. The financi...
A: SINCE YOU WANT US TO SOLVE THREE PARTS BUT THE LAST PART BELONGS TO ACCOUNTS AS IT REQUIRES PREPARAT...
Q: A trader creates a bear spread by selling a six-month put option with a $25 strike price for $2.15 a...
A: Stock price is $23. Premium paid for put option $2.15. Strike price of put option is $25. Buying put...
Q: the operating profitability ratio of company a is 2%. the return on invested capital is 10%. what is...
A: Return on invested capital (ROIC) is a calculation used to assess a company's efficiency at allocati...
Q: Buffelhead's stock price is $192 and could halve or double in each six-month period. A one-year call...
A: Hai there! Thank you for the question. Question has multiple sub parts. As per company guidelines ex...
Q: the appropriate discount rate is 6.8 percent, what is the present value of your winnings? (Do not ro...
A: Present Value: It represents the present worth of the future periodic annuity payments. It is calcul...
Q: Ashely Corporation has 80 million outstanding equity shares and the following projected financial in...
A: Cost of capital (r) = 13% Tax rate (T) = 25% PE ratio in year 4 = 20 Shares outstanding (n) = 80 mil...
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Stacy's Dress Shop received a $1,230 invoice dated July 26 with 4/10, 3/15, n/60 terms. On August 09, Stacy's sent a $260 partial payment. (If more than one discount, assume date of last discount.) a. What credit should Stacy's receive? Note: Round your answer to the nearest cent. Credit Answer is complete and correct. $ 268.04 b. What is Stacy's outstanding balance? Note: Round your answer to the nearest cent. Answer is complete but not entirely correct. $ 962.00 X Outstanding balancePLEASE TYPE IT AND NOT HANDWRITTEN Here is a bill from a credit card company that a credit card user received: May 1: Unpaid Balance = P42,500.75; May 10: Payment Received = P2,125.00; May 15: Purchases = P1,450. Compute the total amount due at the end the billing period which is May 25.Using the table, what is the average daily balance of the credit card for the November 1 - November 30 billing period? Round your answer to the nearest cent.Do not include a dollar sign or comma in your answer. For example, $5, 678.00 should be entered as 5678.00. Day Activity Adjustment Closing Balance 1 7500 11 Payment -500 7000 21 Payment -750 6250 30 Purchase +250 6500
- Assume that Sohar pipers Cores LC sold OMR 20000 pipes to the retailer with the credit terms of 2/10 , n / 30 . The retailer paid OMR 10000 within 10 days . From the following given options , identify the journal entry recorded by the company for the first payment made by credit customer . a . Dr Cash AC OMR 10000 and Cr Accounts receivables A/C OMR 10000 b. Dr Accounts receivables A / C OMR 10000 and Cr Cash A / C OMR 9800 , C Sales Discount A / C OMR 200 • c. Dr Cash A / C OMR 9800 , Dr Sales discount A / C OMR 200 and Cr Accounts receivables . A/C OMR 10000 d. None of the given optionsIf 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 $17Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not ind. Stacy's Dress Shop received a $1,240 invoice dated July 27 with 5/10, 4/15, n/60 terms. On August 10, Stacy's sent a $261 partial payment. (If more than one discount, assume date of last discount) a. What credit should Stacy's receive? (Round your answer to the nearest cent.) Credit $ 271.88 b. What is Stacy's outstanding balance? (Round your answer to the nearest cent.) Outstanding balance %$4 8 of 10 Next > 中 < Prev
- Prepare the following journal entries. a. customer is given an allowance of $ 425. b. A customer owes on account $ 2,000. The customer pays within the discount period and receives a sales discount of $ 40. Record the receipt of cash of $1,960.Kitchen Equipment Company uses the allowance method to account for uncollectibles. On October 31, it wrote off a $1,110 account of a customer, Gwen Rowe. On December 9, it received an $710 payment from Rowe. a. Make the appropriate entry for October 31. View transaction list Journal entry worksheet < 1 Record the entry to write off $1,110-due from Gwen Rowe. Note: Enter debits before credits. Date October 31 General Journal Debit Credit Record entry Clear entry View general journalAn invoice for furniture for $1, 210.88 with terms of 2/10, n/60 is dated October 3. A. What is the last day on which cash discount may be taken? B. If paid within discount period, how much is the cash discount? C. If the discount is missed, on what day does the credit period end?
- Using the table, what is the average daily balance of the credit card for the December 1 - December 31 billing period? Round your answer to the nearest cent. Day Activity Adjustment Closing Balance 1 -- -- 9,500 6 Purchase +500 10,000 16 Purchase +1,250 11,250 21 Purchase +3,000 14,250Calculate the credit given for the partial payment and the net amount due on the invoice (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale PartialPayment Credit forPartial Payment NetAmount Due $8,303.00 2/10, n/30 $2,400 $ $AI Kamil Hypermarket accepted a Bank Muscat credit card for a RO 7,500 purchase. Bank Muscat charges a 4% fee. Al Kamil Hypermarket should record Service Charge Expense as a Select one: O a Debit of RO 7,500 O b. None of the answers are correct O c Credit of RO7,200 O d. Credit of RO 300 O e. Debit of RO 300