Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. risa, inc. has provided the following extracts fro

Risa, Inc. has provided the following extracts from their budget for the first quarter of...

50.1K

Verified Solution

Question

Accounting

Risa, Inc. has provided the following extracts from their budget for the first quarter of the forthcoming year: Jan Feb March Purchases on account Jan $ 261,000 Feb $293,000 March $310,000

The vendors are allowed the following terms of payment:

Month of purchase 10%

First month after the purchase 35%

Second month after the purchase 35%

Calculate the total payment on account for the month of March.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4 3 NYS COMMON CORE MATHEMATICS CURRICULUM A in it Lesson 17 B 2 Lesson...

Basic Math
Q

Phillip, a single parent, would like to contribute $1,800 to an educational saving account for...

Accounting
Q

On January 1, 2020, Alaska Corporation purchased P1,000,000 10% bonds for P1,051,510 (including broker's commission...

Accounting
Q

Len, un vendedor de suministros de MedCo, sigue a Nan, una vendedora de Optima Health...

Accounting
Q

Match each accounts type with the normal balance (debit/credit) of that account. a. Debit Assets...

Accounting
Q

Who is the servant of the firm with a share in the profits? ...

Accounting
Q

From the data below, calculate the three-day simple moving average. Fill in the "Buy or...

Accounting
Q

Following are the forecasted income statement and balance sheet for Lockheed Martin Corporation for the...

Accounting
Q

To help finance a major expansion, Castro Chemical Company sold a noncallable bond several years...

Finance
Q

For Tweedledee Ltd, sales revenue is $2,500,000, fixed expenses are $1,000,000, and the contribution margin...

Accounting
Q

Assume you sold short 100 shares of common stock at $40 per share. The initial...

Finance
Q

Kohler Corporation reports the following components of stockholders equity at December 31 of the prior...

Accounting