Items related to The normal standard arithmetic Volume 2; by analysis...
The normal standard arithmetic Volume 2; by analysis and induction, designed for public and private schools, normal schools, academies, etc - Softcover
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 Excerpt: ... May 10, $800 x 00 = 00000 due is 36 da, and to the time the June 15, $600x36 = 21600 third is due is 71 da.; hence, esti-July 20, $700x71 = 49700 mating from the time the first is due, 2100 ) 71300 (34--the second has a credit of 36 da., and the third a credit of 71 da., and the first has a credit of no days. We then average it as in Case L, and find the term of credit to be nearly 34 da. from May 10, the time at which the first debt is due; hence the equated time of payment is June 13. From the above we derive the following Rule.--I. Select the dale at which the first debt becomes due, and multiply each debt by its term of credit reckoned from the date selected. II. Divide the sum of the products by the sum of the debts, and the quotient will be the average term of credit, estimated from the date selected. When the earliest date is not the first of the month, it is often more convenient to take the first of the month as the standard date. WRITTEN EXERCISES. 2. Bought goods on 60 days' credit as follows: Oct. 15, 1894, $200; Nov. 20, $360; Dec. 12, $155; required the equated time of payment of this bill. 3. Bought goods on 4 mo. credit as follows: Jan. 12, 1893, $300; Feb. 15, $500; Apr. 4, $800; required the equated time of payment. 4. Sold goods on 6 mo. credit as follows: Feb. 16, 1893, $300; Mar. 12, $250; April 5, $350; June 1, $600; what is the equated time lor the payment of this bill? 5. Bought goods of Strawbridge & Clothier on 90 days' credit as follows: Mar. 4, $176.82; Apr. 7, $438.36; May 1, $632.65; June 1, $237.16; required the equated time for the payment of the bill. 6. F. A. Leggett & Co. bought of Lord & Taylor several bills of goods, as follows: June 3, a bill of. $375 on 30 days' credit. "28, " " $450 " ...
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- PublisherRareBooksClub.com
- Publication date2012
- ISBN 10 1130149463
- ISBN 13 9781130149463
- BindingPaperback
- LanguageEnglish
- Number of pages50
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