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

Question

1 Approved Answer

Oriole Company sells merchandise on account for $7200 to Sandhill Company with credit terms of 1/10, 1/30. Block Company returns $1800 of merchandise that was

image text in transcribed
Oriole Company sells merchandise on account for $7200 to Sandhill Company with credit terms of 1/10, 1/30. Block Company returns $1800 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check? $5346 $7146 $7128 $5400

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: 3

blur-text-image

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

Fundamentals Of Entrepreneurial Finance

Fundamentals Of Entrepreneurial Finance

Authors: Marco Da Rin, Thomas Hellmann

8th Edition

0199744750, 9780199744756

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the liquidity indicator approach to liquidity management?

Answered: 1 week ago

Question

★★★★★
Premium Investments Ltd. bought the following bond investment: $4,000,000 bonds of Trans BC Operations Ltd. The bonds were purchased 1 Feb 20X5. Interest at 6% is payable semi annually on January 31...

Answered: 1 week ago

Question

★★★★★
=+a) Make a control chart of these data using the specification limits given. b) Does the process seem to be in control? c) What is the value of Cp for the process? d) Given this value of Cp, what...

Answered: 1 week ago

Question

★★★★★
You are considering three stocks with the following expected dividend yields and capital gains: a) What is the expected return on each stock? b) How may transactions costs and capital gains taxes...

Answered: 1 week ago

Question

★★★★★
Netcos sales budget for the coming year is as follows. Item Volume in Units Sales Price Sales Revenue 1 200,000 $50 $10,000,000 2 150,000 10 1,500,000 3 300,000 30 9,000,000 Total sales revenue...

Answered: 1 week ago

Question

★★★★★
An Use the Ratio Test to determine whether converges or diverges. n=29 (2n)! (a) Find the ratio of successive terms. Write your answer as a fully simplified fraction. For n > 29, lim ant1 = lim n-+00...

Answered: 1 week ago

Question

★★★★★
Outsourcing of labor by U.S. companies typically takes place because ___________________. Question 3 options: there is no longer enough space to build factories in the United States most companies...

Answered: 1 week ago

Question

★★★★★
Hi could you please help with the below question. In May 2012, a bank will issue a 4/7 FRA referenced to BBSW with a guaranteed rate of 4.5% p.a.. Bank bill futures for September 2012 delivery are...

Answered: 1 week ago

Question

★★★★★
Chapter 33 (section 33-5a) discusses the Great Recession of 2008-2009. Respond to ONE of the following: What lingering effects from the Great Recession do you find in either news stories or in your...

Answered: 1 week ago

Question

★★★★★
Which of the following adjusting entries would be the most likely be reversed? Select one: a.DR: Depreciation Expense $500; CR: Accumulated Depreciation $500 b.DR: Salary Expense $1,980; CR: Salary...

Answered: 1 week ago

Question

★★★★★
What are "virtual or remote organizations"? Describe the role of the manager in such organizations. explain in easy words

Answered: 1 week ago

Question

★★★★★
How do you perceive the interaction pattern between members? Does everyone seem to be involved and participating?

Answered: 1 week ago

Question

★★★★★
How do rituals and routines express organizational values?

Answered: 1 week ago

Question

★★★★★
Are any of the potential values of group versus individual decision making evident in this discussion?

Answered: 1 week ago

Previous Question Next Question