Ace Formalwear buys tuxedos from a supplier and has an invoice amount of $27,700. The terms of the sale are 3/20, n/30. If Ace sends a partial payment of $7,400 on the discount date, what is the net amount still due?
$20,071.13
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Savvy Sightseeing had beginning equity of $72,000; revenues of $90,000, expenses of $65,000, and dividends to stockholders of $9,000; there were no stock issuances. Calculate the ending equity.
A. $38,000. B. $47,000. C. $88,000. D. $97,000. E. $25,000.
________ are also called new-to-the-world products because the firm has created a new product category
A) Classically innovative products B) New category entries C) Line extensions D) Improved products
The theory of resource endowment
A. explains why France sends cosmetics, wine, and clothing to Chile. B. states that a nation will trade goods that can be produced with the production factor that is most abundant. C. explains why transportation costs may be ignored when calculating the costs of imports. D. shows how larger countries will have an advantage in trade. E. explains why an automobile can be made either by hand or by a capital-intensive process.
Target costing can be used most effectively in the design and development stage of the product life cycle
Indicate whether the statement is true or false