Business, 20.09.2019 20:30 coolcat3190

Powell warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers. during the month of june, the following merchandising transactions occurred. june 1 purchased books on account for $2,840 (including freight) from catlin publishers, terms 4/10, n/30.3 sold books on account to garfunkel bookstore for $1,050. the cost of the merchandise sold was $700.6 received $40 credit for books returned to catlin publishers.9 paid catlin publishers in full.15 received payment in full from garfunkel bookstore.17 sold books on account to bell tower for $1,050. the cost of the merchandise sold was $750.20 purchased books on account for $700 from priceless book publishers, terms 2/15, n/30.24 received payment in full from bell tower.26 paid priceless book publishers in full.28 sold books on account to general bookstore for $2,600. the cost of the merchandise sold was $750.30 granted general bookstore $260 credit for books returned costing $65.journalize the transactions for the month of june for powell warehouse, using a perpetual inventory system

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answerinnovative culture;

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of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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Personally, i would say d. hope i could ! : )p.s. sorry if i'm wrong : /

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Answer incentive systemmarket, property rights,monetary exchange

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Powell warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30...

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