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klemol [59]
3 years ago
12

Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this tr

ansaction?
A ) Debit Accounts Receivable $4,050; debit Sales Discount $50.00; credit Tile Sales $5,000

B ) Debit Cash $5,000; credit Tile Sales $5,000

C ) Debit Accounts Receivable $4,050; credit Tile Sales $4,050

D ) Debit Accounts Receivable $5,000; credit Tile Sales $5,000
Business
2 answers:
Archy [21]3 years ago
7 0
The answer to your questions is letter D. Debit Accounts Receivable $5,000; Credit Tile Sales $5,000.
loris [4]3 years ago
4 0
Debit Accounts Receivable $5,000; credit Tile Sales $5,000
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a group of students is measuring the numbers of papers bag brought to a recycling center in a single day. what are the students
Kitty [74]

If a group of students are measuring the number of paper bags brought to a recycling center in a single day, they are collecting data.


Stating a hypothesis is making an educated guess as to how many bags would be brought to the recycling center each day.


Drawing a conclusion would be when all of the data has been collected and examined.


Analyzing data would be going back to look at the collected data from the research project to see if the hypothesis was correct, what determinations were made and if any discoveries were made.



7 0
3 years ago
School-aged children are regularly asked to fundraise for their school. Typically, they are required to sell a minimum amount. T
ella [17]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Ceiling effect.

b) Floor Effect.

And the correct answer is B: Floor effect.

Explanation:

To begin with, in the field of statistics the term known as "Floor Effect" refers to the situation in where the gathering of data regarding an statistic instrument about a subject turns out to have a lower limit to the data values it can reliably specify. And the floor is understood to be as that lower limit in the chart or graphic created in the study of the subject. Moreover, this term is also used in the field of psychology when test are done to subjects in study as well.

5 0
2 years ago
During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wrote off $8,800 of accounts as uncollect
vova2212 [387]

Answer:

$60,500

Explanation:

With regards to the above, the write off does not affect the realizable value of accounts receivables. Also, the total asset or net income is not affected by the write off or specific account. Instead, both assets and net income are affected in the period when bad debt expense is predicted and then recorded with an adjusting entry.

Accounts receivables

$550,000

Less:

Allowance for doubtful account

($550,00 × 2.5%)

($13,750)

Estimated realizable accounts receivables

$536,250

If the amount of bad debt decreases or increases as given below, then the income is also increased or decreased by the amount given.

Bad debts = $13,750

Uncollectible previously written off = $8,800

Difference

$4,950

Net income

$60,500

Less:

Difference

($4,950)

Reported income

$55,550

3 0
3 years ago
If import restrictions remain in effect after an infant industry becomes competitive in the domestic​ market, consumers in this
sertanlavr [38]

Answer: higher than

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-Consumes in that country will therefore pay a price higher than the world price.

8 0
2 years ago
If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,
Zepler [3.9K]

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

8 0
3 years ago
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