Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Finance


Home >> Basic Finance

Question: Maria's Grocery orders some refrigeration equipment. The invoice arrives May 10, with terms 2/10 EOM. They cannot pay the bill in full by June 10, but they pay $675 on June 8. If the total amount of the invoice was $915, what was the amount credited for their first payment, and what is the outstanding balance after June 8?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92831083

Have any Question?


Related Questions in Basic Finance

Please help me with the following homework problemyou are

Please help me with the following homework problem: You are estimating your companies external financing needs for the next year. At the end of next year you expect that owners equity will be $80 million, total assets wi ...

A firm has total assets of 592395 current assets of 186859

A firm has total assets of $592395, current assets of $186859, current liabilities of $143545, and total debt of $210421. What is the debt-equity ratio? Round your answer to two decimal places.

You want to borrow 103000 from your local bank to buy a new

You want to borrow $103,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,350, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 54-month ...

As the financial controller for kl incorporated a highly

As the financial controller for KL Incorporated, a highly diversified conglomerate, you are considering the alternative financing plans for the next millennium. Due to the good relationship with the banks, your firm is a ...

Why is environmental analysis important for an organization

Why is environmental analysis important for an organization? Please be detailed.

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate risk?

Describe and provide an example for credit risk operational

Describe and provide an example for credit risk, operational risk and market risk based on the Basel 2 capital accord.

You purchase a 15-year bond at a premium of 117292 with a

You purchase a 15-year bond at a premium of $1,172.92 with a 10% semi-annual coupon rate and 8% return. Two years later, you sell the bond. What is the price difference if the interest rates rose 2%? (rounded to 2 decima ...

What is the value today of single payment of 45936 made 8

What is the value today, of single payment of $45,936 made 8 years from today, if the value is discounted at a rate of 24.00%? How many years would it take an investment of $137 to grow to $3,849 at an annual rate of ret ...

Fasb statement no 154 changed the requirements for

FASB Statement No. 154 changed the requirements for disclosures of accounting changes. Why could this be a concern to the analyst? a) The new disclosure rules cause the income statements to be inconsistent from year to y ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved