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

Question

1 Approved Answer

The Company buys 300 pens from a manufacturer for $ 600 on June 10th under terms of 3/10 net 30. The pens are shipped FOB

image text in transcribed
The Company buys 300 pens from a manufacturer for $ 600 on June 10th under terms of 3/10 net 30. The pens are shipped FOB destination with the shipping costs of S 100 being paid by the seller. The Company returns 30 of the pens on June 12th and pays for the balance on June 22nd. What is the final cost per pen to the Company? A. $ 2.22 B. $ 2.33 C. $ 2.59 D. $ 2.00 E. None of the above

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_2

Step: 3

blur-text-image_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

Entrepreneurial Financial Management An Applied Approach

Entrepreneurial Financial Management An Applied Approach

Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman

4th Edition

0765646854, 978-0765646859

More Books

Students also viewed these Accounting questions

Question

★★★★★
Using the Excel file Facebook Survey, determine if the mean number of hours spent online per week is the same for males as it is for females.

Answered: 1 week ago

Question

★★★★★
=+b. Indicate which costs incurred in acquiring the used printing press should be debited to the asset account.

Answered: 1 week ago

Question

★★★★★
Some components of a two-component system fail after receiving a shock. Shocks of three types arrive independently and in accordance with Poisson processes. Shocks of the first type arrive at a...

Answered: 1 week ago

Question

★★★★★
B, a chemist, was employed by A, a manufacturer, to work on a secret process for As product under an exclusive three-year contract. A employed C, a salesperson, on a week-to-week basis. B and C...

Answered: 1 week ago

Question

★★★★★
Which of the following statements is most correct? a.One of the advantages is that financing with stock is that a greater proportion of stock in the capital structure can reduce the risk of a...

Answered: 1 week ago

Question

★★★★★
The function f is graphed below. State the values that fulfill the following requirements. If there are no such values, type DNE. If there are multiple discrete values, separate them with commas....

Answered: 1 week ago

Question

★★★★★
A 2 in. sch 40 pipe carries $\mathrm{SAE} 10$ lube oil at $100^{\circ} \mathrm{F}(\mathrm{SG}=0.928)$. The flow rate may be as high as $55 \mathrm{gpm}$, and you must select an orifice meter to...

Answered: 1 week ago

Question

★★★★★
Two items both have reorder points with service levels of 99%. One of the items is ordered 10 times a year, and the other item is ordered 20 times a year. Do these two items have the same overall...

Answered: 1 week ago

Question

★★★★★
(a) Find one more nonzero term for each of the solutions y 1 (x) and y 2 (x) in Example 8. (b) Find a series solution y(x) of the initial-value problem y'' + (cos x)y = 0, y(0) = 1, y'(0) = 1. (c)...

Answered: 1 week ago

Question

★★★★★
Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

★★★★★
Find five interesting facts in Tables 1.4 and 1.5. DATA FROM TABLE 1.5 TABLE 1.4 Broad Categories of Exports of Selected Countries, 2010 SITC Code Product United United States Germany Japan China...

Answered: 1 week ago

Question

★★★★★
How confident are you about the process of undertaking a literature search to enable you to critically evaluate what is already known about your topic? What are the skills you will need to search and...

Answered: 1 week ago

Question

★★★★★
is particularly relevant to these questions.)

Answered: 1 week ago

Question

★★★★★
What options might you consider to obtain primary data? What are the skill implications of the data generation options that you are considering?

Answered: 1 week ago

Previous Question Next Question