Isaac Co sells merchandise on credit to Sonar Co in the amount of $9,600. The invoice is dated on April 15 with terms of 1/15, net 45. What is the amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount?
A) $80, April 30
B) $192, April 25
C) $96, April 30
D) $96, April 25
C
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If the gross amount of an invoice is $2,500 and a trade discount of 20% is allowed, the amount of the trade discount would be
a. $500; b. $250; c. $50; d. $25; e. none of these.
James, a casino manager, defines and uses signals and symbols to influence corporate culture by communicating central values to employees. As such, James can be described as a(n) __________ leader.
A. egalitarian B. totalitarian C. cultural D. servant E. transitional
The LaGrange Corporation had the following budgeted sales for the first half of the current year: Cash Sales Credit SalesJanuary$70,000$340,000February$50,000$190,000March$40,000$135,000April$35,000$120,000May$45,000$160,000June$40,000$140,000The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:Collections on sales:60% in month of sale30% in month following sale10% in second month following saleThe accounts receivable balance on January 1 of the current year was $70,000, of which $50,000 represents uncollected December sales and $20,000 represents uncollected November sales.The total cash collected during January by LaGrange Corporation would be:
A. $254,000 B. $410,000 C. $344,000 D. $331,500
A company's free cash flow was just FCF0 = $1.50 million. The weighted average cost of capital is WACC = 10.1%, and the constant growth rate is g = 4.0%. What is the current value of operations?
A. $23.11 million B. $23.70 million C. $24.31 million D. $24.93 million E. $25.57 million