when 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 5000
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when 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 5000
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- The XYZ Company sold goods worth $10,000 on credit. The terms of the sale are 2/10, net 30. Calculate the amount the customer needs to pay if they take advantage of the cash discount.buying and sellingWhat is the total cash discount if an invoice dated March 31 for P 15,000 with a payment terms of 3/20; 1/30; n/60 is paid in full on April 20?Give the journal entry for paying off the notes (RM3,000) and accrued interest (RM200).
- Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $5,010.20 4/10, n/30 $ $Write up the Fasihatul Enterprise two-column cashbook for the following details and balance it off at the end of the month. Cash Date (2020) Details RM Date Details RM Jul-01 Capital 30000 Jul-02 Bank 25000 11 Sales 150 7 Purchases 400 29 Sales 300 15 Plus SdnBhd 600 21 Carriage outwards 160 30 Salary expenses 850 31 Balance c/d 3440 30450 30450 Aug-01 Balance b/d 3440 Bank Date (2020) Details RM Date Details RM Jul-02 Cash 25000 Jul-05 Equipment 3000 23 Sales 180 19 Rent expense 450 27 Electricity expense 45 31 Balance c/d 21685 25180 25180 Aug-01 Balance b/d 21685 Prepare two column cash book. Close the account.A washing machine selling for RM800 cash was purchased through an instalment plan in which 10% down payment was made. The buyer made 20 weekly payments of RM40 each to settle the balance. Calculate (a) the instalment price (b) the total interest charged (c) the simple interest rate charged (d) the effective rate charged.
- IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000. IP Company has a beginning loan balance of $12,000. IP Company's ending loan balance is?I purchased goods on account for 8,200, terms 1/10, n/30. I returned $1,700 of the goods and received full credit. If I pay the invoice within the discount period, what is the amount of cash required for the payment? Round the answer to the nearest dollar.An invoice in the amount of $200 carries cashterms of “2/10, net 30.” If the buyer takesadvantage of the discount terms, how much willthe buyer pay?a. $100b. $120c. $140d. $160e. $196
- Find the cash value of a sala set that can be bought for 2,500 down payment and 288 a month for 36 months if money is worth 3 ½% compounded semi-annually 2500 4305.39 1626.91 4126.91Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400 what is the actual interest rate on this note? a. 12.00% b. 10.00% c. 20.00% d. 22.50%Study this case and answer question asked below: You have the following quotes from Bank A & Bank B Bank A: Bank B SPOT USD/CHF 1.4650/55 USD/CHF 1.4653/60 3-months 5/10 6-months 10/15 Cash/Spot 1/2 SPOT GBP/USD 1.7645/60 GBD/USD 1.7640/50 3-months 25/20 6-months 35/25 If you want to buy 1 million GBP Spot against CHF you have to pay Minimum Amount you have to pay is a. CHF 2.5866 Million b. CHF 2.5881 Million c. CHF 2.5875 Million d. CHF 2.5863 Million