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Artemon [7]
2 years ago
13

When using the gross method, the journal entry to record taking a discount when paying for goods previously purchased on account

includes a ______. (Check all that apply.)
Business
1 answer:
bagirrra123 [75]2 years ago
4 0

Good record entry is important in business, adjusting entries will include record of goods that was previously purchased.

<h3>What is Journal entry?</h3>

Journal entry contains business details or data to a single business transaction. It includes the date, the amount payable for a particular good and the amount to be debited.

Adjusting entries include records that has changes to accounts that are not otherwise accounted for in the journal earlier.

Therefore, Adjusting entries will record taking a discount when paying for goods previously purchased.

Learn more on Journal entry here,

brainly.com/question/14279491

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Assume that a piece of land is currently valued at $50,000. If this piece of land is expected to appreciate at an annual rate of
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Answer:

The correct answer is $132,664.89.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $50,000

Rate of interest (r) = 5%

Time period (n) = 20 Years

So, we can calculate future value by using following formula:

Future value = PV × (1 + r)^(n)

= $50000 × ( 1 + 5% )^20

= $50000 × (1 + 0.05)^20

= $132,664.89

Hence, After 20 years land will be worth $132,664.89.

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3 years ago
The following costs relate to Tower Company: Variable manufacturing cost, $30; variable selling and administrative cost, $8; app
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Answer:

the company's markup percentage would be computed on the basis of: $45

Explanation:

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