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2 years ago

Difference between credit sales and credit card sales

Business

2 answers:

RSB [31]2 years ago

7 0

Answer:

credit sales are sales on credit timing and exchange and credit card sales are sales on the card by banking

lubasha [3.4K]2 years ago

5 0

Answer:

credit card sales is different credit sales because the credit card sales is paying by your bank money

the credit sales is cash paid later

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The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is debit In

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Debit Interest Expense, credit Cash and Discount on Bonds Payable.

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3 years ago

. JetGreen Cleaners makes 80% of its sales on credit. Experience shows that 25% of the credit customers pay in the month of sale

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Answer:

July = $237,600

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Explanation:

Note that credit sales account for only 80% of total sales, the remainder should be considered as cash receipts in the month of sale. Cash receipts for July are 20% of July total sales, plus 25% of July credit sales, plus 55% of June credit sales, and 20% of May credit sales:

$J = 0.20*280,000+0.8*(0.25*280,000+0.55*220,000+0.20*180,000)\\J= \$237,600$

Cash receipts for August are 20% of August total sales, plus 25% of August credit sales, plus 55% of July credit sales, and 20% of June credit sales:

$A = 0.20*200,000+0.8*(0.25*200,000+0.55*280,000+0.20*220,000)\\A= \$238,400$

Budgeted cash receipts are:

July = $237,600

August = $238,400

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3 years ago

"When aggregate demand increases," A. the price level is likely to fall as GDP rises. B. aggregate supply will shift to the rig

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Answer:

D. the price level is likely to rise as GDP rises.

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When the aggregate demand increases, the aggregate demand curve shifts to the right. When aggregate demand increases, aggregate demand exceeds aggregate supply and aggregate price and output would increase.

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