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- The contra revenue account that represents the reduction in the amount paid by a credit customer if payment is made within a specified period of time is known as which of the following: O Contra revenue account O Sales allowance account O Sales discount account O Allowance for uncollectible accounts ASUS f3 f4 f5 f6 f7 f8 f9 f10 f11 区 ロ/京 %24 & 3 4. 7. 8 9. 01 Y U G H. J K 16 5 图C. P177.60 d. P29.60 P74.40 P300 P620 30% e. 4. Find the (a) cash discount and (b) net amount due if the following invoices are paid within the discoun period. Net invoice price P3,265 Net amount due Terms of payment 3 п Cash discount 10'30 P 1,342 15'60 2 n P985 5'15 5. Find the (a) deadline for discount period, (b) deadline for credit period, (c) cash discount and (d) amount due for the following cases. Deadline of discount Net Deadline of credit Invoice Terms of Cash Invoice date amount due amount payment discount period period 1 n P 1,675 Jan. 15 15'45 P645 Feb. 25 10'30 1n P 895 March 12 10'45 3 2 P785 April 22 . 15'20'90 6. The net invoice price of a wall clock is P287.00. If the discount granted was 18%, find: a. Net invoice price rate b. List price C. Discount 7. The net invoice price of a dining table is P6,187.50, representing 75% of the list price. Find: a. List price b. DiscountWhat is the amount received by partially secured creditor? A. P40,000B. P60,000C. P70,000D. P65,000
- Aquaq3” has received an invoice of $11500.00 with terms 5/10 2/20 n/30 E.O.M on April 20th. How much should they pay on May 5th if they want to reduce the outstanding balance by $3000.00? How much more should they pay if they want to reduce the outstanding balance to 4500.00?LC2Q7. If the discount period is missed, payment is due by the end of ..A В D F G K. M 1 Williams moved out of Los Angeles District in June 2018. Williams' account had a zero balance in July 2018, and no activity after July 2018. 2 3 A $45.18 payment was posted to Williams' account in December 2021 4 5 Please make a recommendation how the overpayment to Williams' account should be handled. 6 7 Please include in your recommendation: payment transfer, payment refund, transfer to escheated account 8 9 Please explain the reason for your recommendation. 10 11
- 158/45467532/aHR0cHM6Ly9mMS5hcHAUZWRtZW50dW0uY29tL2xlYXJuZXItdWkvc2Vjb25kYXJ5L3VzZXIt... Unit Activity: Mathematical Models and Consumer Finance Part B How does making a down payment on a car loan help a car buyer? BIUX² X₂ 15px V A A 沒有 三 三 四 V Space used (includes formatting): 0 / 15000 11 of 12 E InCODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 01 TL Case 23000 100 02 Dollars Case 23000B) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 102 02 X Bank DTH Hes 23000 100 01 TL Case 23000C) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 23000 100 01 TL Case 23000D) THE CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 03 Case of Euro 5000 100 01 TL Case 5000E) CODE AND NAME OF THE ACCOUNT WILL RECEIVE DEBT 100 02 Dollars Case 5000 100 01 TL Case 50001696 ZZ 50 E270 08 DA Crowney ләариа Knowledge Check 01 Sellers allow customers to use credit cards for all of the following reasons: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) seller does not have to decide who gets credit. seller accepts the risk for extending credit to customers. seller receives cash sooner than if credit is granted directly to the customers. may allow seller to increase sales volume. seller determines which customers receive credit and how much.
- Why is it important to be consistent and pay your bills on time every time? Your credit score: How it's calculated POOR EXCELLENT 10% New credit 10% 35% Types of credit in use Payment history 695 15% 30% Credit Score 695 national average score as of August, 2015 Length of credit history Amounts owed Length of credit history is the largest part of your credit score Amounts owed is the largest part of your credit score Payment History is the largest part of your credit score New credit ( taking out a new loan or credit card) is the largest part of your credit score Types of credit used (credit mix) is the largest part of your credit score4G Vo) .l 1 14:45 u. LTÉ2 ? 7% O แบบฝึกหัดท้ายบท 3. ให้ทำ 1. บันทึกรายการค้าข้างต้นในสมุดรายวันของบริษัทมีนาและบริษัทเมษา(สมมติถือเป็นการกู้ยืม) 2. สมมติว่าบริษัทมีนาไม่นำเงินมาชำระเมื่อตั๋วครบกำหนด จึงทำให้ตั๋วเงินรับชาดความเชื่อถือ ธนาคารไทยจึงแจ้งให้ บริษัทเมษาทราบ โดยบริษัทเมษาต้องรับผิดชอบด้วยยอดเงินตามตั๋วเมื่อครบกำหนดบวกค่าธรรมเนียม 25 บาท ธนาคารจะหักจำนวนเงินดังกล่าวจากบัญชีเงินฝากของบริษัท ให้บันทึกในสมุตรายวันทั่วไปของบริษัทเมษาสำหรับ รายการตั๋วเงินรับขาดความเชื่อถือ da 7 (Aging Analysis of Accounts Receivable) Nana Company's a large department store located in a metropolitan area, has been experiencing difficulty in estimating its bad debts. The company has decided to prepare an aging schedule for its outstanding accounts receivable and estimate bad debts by the due dates of its receivables. This analysis discloses the following information: Balance Age of Receivable Estimated Percentage Uncollectible $193,000 Under 30 days 0.8% 114,000 30-60 days 2.0% 73,000 61-120 days…m-Aug 28 + d.vst.idref%3DP7001016677000000000000000003B8F]!/4/2[P700101667700000000000... QAA E S4-3 Collins Woodworking accepts VISA and MasterCard at its store. Collins is charged a processing fee of 3% of the total amount of any credit card sale. Assume that Russell Knight purchases $8,000 of custom furniture and pays with a VISA card. Make the entry to record the sale to Knight. (You do not need to make the cost of goods sold entry.)