Sue Cole Is a New Accountant with Simon Company

question 59

Essay

Sue Cole is a new accountant with Simon Company. Simon purchased merchandise on account for $9,000. The credit terms are 1/10, n/30. Sue has talked with the company's banker and knows that she could earn 6% on any money invested in the company's savings account.
Instructions
(a) Should Sue pay the invoice within the discount period or should she keep the $9,000 in the savings account and pay at the end of the credit period? Support your recommendation with a calculation showing which action would be best.
(b) If Sue forgoes the discount, it may be viewed as paying an interest rate of 1% for the use of $9,000 for 20 days. Calculate the annual rate of interest that this is equivalent to.

Describe the exchange processes that occur at the capillary level.

Differentiate between various types of blood vessels and their roles.

Explain the regulation of blood flow and blood pressure.

Understand the physiological adaptations of the fetal heart and circulation.

---

Definitions:

Planning Decision

A determination made in the process of urban or regional planning, regarding the development or use of land.

Provincial Body

A governmental or regulatory authority that operates at the provincial level to oversee and manage regional affairs.

Appeal

The process of requesting a higher court to review and change the decision of a lower court.

Licensing

The granting of permission by an authoritative body to an individual or organization to engage in certain activity or use certain property.