Foster industries sells on terms of 210 net 35 gross sales, Finance Basics

+44 141 628 6080
[email protected]

Foster industries sells on terms of 210 net 35 gross sales

Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and accounts receivable averaged $60,000. Half of Foster's customers paid on Day 10 and took discounts.

(a) What are Foster's sales net of cash discounts taken?

(b) What is the total dollar finance charge paid by the non-discount-paying customers?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Foster industries sells on terms of 210 net 35 gross sales

Reference No:- TGS02204435

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Describe the community that your field placement serves

Describe the community that your field placement or another community agency serves. What are its physical, social, and political dimensions?

Create concept map that shows possible career options

Create a concept map (using text, images, shapes, drawings, etc.) that shows possible career options in Youth Development that are of interest to one.

How does the social process of labeling and making the label

How does the social process of labeling and making the label stick [accepted] connect secondary deviance with primary deviant actions?

Explain what child abuse is in details with examples

1. Explain what child abuse is in details with examples 2. Explain the forms of child abuse in details with examples

Identify pressing issue in university of houston-downtown

I have identified a pressing issue either within the University of Houston-Downtown (UHD) campus or in broader city of Houston that requires urgent attentoni

Growth and inequality of/in the city under modern capitalism

Uneven growth and inequality of/in the city under modern capitalism was a dominant 1970s urban theory associated with which of the following thinkers?

Understanding of the sociological material

Understanding of the sociological material covered in class and asked for in the paper assignment.

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Foster industries sells on terms of 210 net 35 gross sales

Reference No:- TGS02204435

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Learning activities 1 vince lombardi was quoted as saying

Q : This qep assignment is a non-graded assignment and it deals

Q : Tell your investors or employees about a recent decrease in

Q : To introduce the student to the principles of evidence

Q : Foster industries sells on terms of 210 net 35 gross sales

Q : What is the main issue that this rule is trying to

Q : Discuss how this aging of such a large segment of the

Q : Carefree leisure has a 40-day discount interest loan

Q : Group work in class asked you to identify five claims that