Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 12, 2024

Calculate the rebate on bills discounted for the following bills as on 31.3.2020 Date of bill OMR Period Rate of discount A 15-1-2020 25,000 5

Calculate the rebate on bills discounted for the following bills as on 31.3.2020

	Date of bill	OMR	Period	Rate of discount
A	15-1-2020	25,000	5 months	8%

answer is:

a- OMR 2,000

b-OMR 432.87

c-OMR 430.87

d-OMR 2,430

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

Auditing The Modern Hospital

Authors: B. J Hall

1st Edition

0130516724, 978-0130516725

More Books

Students also viewed these Accounting questions

Question

★★★★★

Elite Events Corporation has provided event planning services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes....

Answered: 1 week ago

Question

★★★★★

Assume you are conducting a portfolio analysis on your company, which currently has 4 SBUs: (1) cellphones, (2) tablets, (3) laptops and (4) DVD players. Assume that both the cellphone and tablet...

Answered: 1 week ago

Question

★★★★★

=+3. What information about the body do the kinesthetic senses and the vestibular sense provide?

Answered: 1 week ago

Question

★★★★★

The following are earnings and dividend forecasts made at the end of 2008. The firm has a required equity return of 10 percent per year. a. Forecast the ex-dividend earnings growth rate and the...

Answered: 1 week ago

Question

★★★★★

Calculate the rebate on bills discounted for the following bills as on 31.3.2020 Date of bill OMR Period Rate of discount A 15-1-2020 25,000 5 months 8% answer is: a- OMR 2,000 b-OMR 432.87 c-OMR...

Answered: 1 week ago

Question

★★★★★

Probability Distribution for x X P(x) 0.166 0.429 2 0.256 0.111 A 0.034 0.004The accompanying table describes the random variable x, the numbers of adults- in groups of live who reported...

Answered: 1 week ago

Question

★★★★★

The standard overhead cost for a product manufactured by SCOMAN1 Corporation is given below: Variable overhead 2hrs@P10/hr Fixed overhead 2hrs@P5/hr Total Standard overhead rate PER UNIT P 20 10 P 30...

Answered: 1 week ago

Question

★★★★★

1/ "An organization can always be sued in the same way as a person." Is that statement true? Explain your answer. 3/ "'Certification' refers to a process or decision that always brings a lawsuit to...

Answered: 1 week ago

Question

★★★★★

Walk & Talk Inc. makes walkie talkies - handheld, portable, two-way radio transceivers. They are used in setting where mobile phone communication may be costly or impractical, including outdoor...

Answered: 1 week ago

Question

★★★★★

Question 17 Assume that a firm has EBIT of $15,584,650, a tax rate of 40.0 percent, total invested capital of $68,600,000, and a weighted average cost of capital (WACC) of 12.904 percent. Given this...

Answered: 1 week ago

Question

★★★★★

How do the following situations illustrate the features of psychological egoism and/or ethical egoism, or how do they illustrate the limitations and challenges to psychological egoism and ethical...

Answered: 1 week ago

Question

★★★★★

3. What constructive coping skills do you want to develop or enhance? Do you want to, for example, start exercising more, learn meditation, manage your time better, develop a new hobby or activity,...

Answered: 1 week ago

Question

★★★★★

3. If some adjustments are in order, then first consider how you might eliminate some activities or time spent on doing things that are less important or out of balance. Then identify some specific...

Answered: 1 week ago

Question

★★★★★

3. Where and how would you begin to work toward getting such an innovation implemented? What factors do you think will support its adoption? What might be the significant barriers?

Answered: 1 week ago

Previous Question Next Question