FREE Trial S
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 15, Tamarisk, Inc. sells merchandise on account to Pronghorn Associates for $5600 with terms 4/10, n/30. On January 20, Pronghorn returns merchandise worth

On January 15, Tamarisk, Inc. sells merchandise on account to Pronghorn Associates for $5600 with terms 4/10, n/30. On January 20, Pronghorn returns merchandise worth $900 to Tamarisk. On January 24, payment is received from Pronghorn for the balance due. What is the amount of cash received?

$4512

$4476

$3500

$4700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_step_2

Step: 3

blur-text-image_step3

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

Operational Auditing Principles And Techniques For A Changing World

Operational Auditing Principles And Techniques For A Changing World

Authors: Hernan Murdock

2nd Edition

ISBN: 1000388247, 9781000388244

More Books

Students also viewed these Accounting questions

Question

★★★★★
Recall our discussion in Chapter 6, Business Networks and Telecommunications. What is the single most important factor enabling streaming video on the web?

Answered: 1 week ago

Question

★★★★★
On January 23, 15,000 shares of Aurora Company's common stock are acquired at a price of $25 per share plus a $145 brokerage commission. On April 12, a $0.50-per-share dividend was received on the...

Answered: 1 week ago

Question

★★★★★
10. Which is the covariate? (a) Scores on the memory test (b) The amounts of alcohol (c) IQ (d) None of the above

Answered: 1 week ago

Question

★★★★★
1. What issues does this case raise? 2. What courses of action would you recommend to resolve the issues you have identified? MINI CASE Muscle MaxAsia, a wholly owned affiliate of a French parent...

Answered: 1 week ago

Question

★★★★★
You have the following data on three stocks: Stock Standard Deviation Beta A 10% 0.50 B 20% 1.50 C 30% 2.00 If you are a strict risk minimizer, you would choose Stock ____ if it is to be held in...

Answered: 1 week ago

Question

★★★★★
The CPA Canada Handbook requires that income for tax purposes be equal to a company's accounting income at all times.True or False

Answered: 1 week ago

Question

★★★★★
LMP Limited is a company founded by a group of marketing consultants. They had taken advantage of their clients career placement services, and thought they could offer additional supplemental...

Answered: 1 week ago

Question

★★★★★
Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:...

Answered: 1 week ago

Question

★★★★★
Can you discuss some aspect of the source that is interesting and why. Be sure to relate your post to some type of workplace hazard and/or method(s) for protecting employees from the hazard...

Answered: 1 week ago

Question

★★★★★
Use the following sections to write an essay on differentiated/decision- making theory in education a. Introduction b. Literature review c. Strengths and weakness d. Conclusion

Answered: 1 week ago

Question

★★★★★
Operating Leverage. Airlines offer an example of an industry in which the degree of operating leverage is fairly high. Why? Taking the public information of the last Annual Report published by an...

Answered: 1 week ago

Question

★★★★★
6. Do you think job rotation is a good method to use for developing management trainees? Why or why not?pg 87

Answered: 1 week ago

Question

★★★★★
5. Describe the pros and cons of five management development methods.pg 87

Answered: 1 week ago

Question

★★★★★
a. What are some of the staffing factors that could be contributing to this problem?pg 87

Answered: 1 week ago

Previous QuestionNext Question