It was called the “ Lewis and Clark Expedition” or “ The Crops Of Discovery”. Hopefully this helped!!
Answer: Cash $1,960
Sales returns and allowances $800
Sales discount $40
Accounts receivable $2,800
Explanation:
Sales = $2,800
Sales returns = $800
Discount rate = 2%
The final amount due will be:
= Sales- Sales returns
= $2,800 - $800
= $2,000
Sales discount = 2% × $2,000 = $40
Cash received will be:
Final amount due - Sales discount
= $2,000 - $40
= $1,960
The journal entry will be:
Debit Cash $1,960
Debit Sales returns and allowances $800
Debit Sales discount $40
Credit Accounts receivable $2,800
Answer:
Amount of cash paid on Aug 16 = <u>$8,167.50</u>
Explanation:
As for the information provided the terms of purchase are,
1% discount if payment made within 10 days,
and a total credit period of 30 days without any discount beyond 10 days.
Here, inventory purchased on August 7 = $9,750
Less; Return on 11 August = $1,500
Net Purchases = $8,250
Since payment is made on 16 August that is within 10 days from purchase discount will be received
= $8,250 
1% = $82.50
Amount of cash paid on Aug 16 = $8,250 - $82.50 = $8,167.50
The answer is: c) dates peaks and troughs only after the fact.
This mean that millions of dollar spents by the Bureau cannot necessarily used to address the economic problems that people currently face.
One argument to counter such criticism is that the data from the Bureau could be used to make future predicitons and prevent any mistakes in the past from occuring again in the future.
Answer: a) increases expenses and lowers taxes.
Explanation:
Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.
It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.
