Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2024

Bramble Corp. purchased merchandise inventory with an invoice price of $15000 and credit terms of 2/9, n/30. What is the net cost of the goods

Bramble Corp. purchased merchandise inventory with an invoice price of $15000 and credit terms of 2/9, n/30. What is the net cost of the goods if Bramble Corp. pays within the discount period?

$11700

$14766

$15000

$14700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

★★★★★

Various financial instruments usually serve one of two distinct purposes: to store value or to transfer risk. (stock, car insurance, futures contract)? Is a financial instrument that stores value,...

Answered: 1 week ago

Question

★★★★★

What monthly compounded nominal rate would put you in the same financial position as 5.5% compounded semiannually?

Answered: 1 week ago

Question

★★★★★

=+3. Tarnower Corporation donates a portion of its profits to charity every year. 4. Which aluminum bolts are packaged?

Answered: 1 week ago

Question

★★★★★

Greg's Diner has the following information for year 2, when several new employees were added to the waitstaff: Sales revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

Suppose Avon and Nova stocks have volatilities of 58% and 23%, respectively, and they are perfectly negatively correlated. What portfolio of these two stocks has zero risk? The portfolio of these two...

Answered: 1 week ago

Question

★★★★★

A General Power bond carries a coupon rate of 9.6%, has 9 years until maturity, and sells at a yield to maturity of 8.6%. (Assume annual interest payments.) a. What interest payments do bondholders...

Answered: 1 week ago

Question

★★★★★

Q1. Your client is a manufacturer of women's clothing. The company manufacturers everything from shorts and t-shirts to professional and formal attire for women. The visualization titled "Number of...

Answered: 1 week ago

Question

★★★★★

Frank Rogers owns a small firm that manufactures "Rogers Sunglasses."Frank has been approached by REI about selling a seasonal sunglass design through their stores. Frank offers REI two purchasing...

Answered: 1 week ago

Question

★★★★★

Bias can be very difficult to overcome. For instance, social networks help people get jobs. While this benefits some, it means that it is harder for those outside the network. Why does this...

Answered: 1 week ago

Question

★★★★★

Name Mech HW-79 1. Consider the four block-and-spring(s) systems shown at right. Each block moves on a horizontal, frictionless table. The blocks all ha Case A springs are iden I have the same mass...

Answered: 1 week ago

Question

★★★★★

What basic/fundamental need must the CIFFA forwarder identify and take into account before offering a transport alternative? Question 3 options: Safety and security of the cargo Reasonable...

Answered: 1 week ago

Previous Question Next Question