A transaction is any monetary business event that impacts a business's financial statements.
<h3>The journal entries </h3>
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
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14%
Margin of Safety:
[(current sales - break even)/current sales] * 100
(12900-11094)/12900] *100
(1806/12900)*100
.14*100 = 14%
Answer:
Could you add more details please
Explanation:
Answer and Explanation:
The categorization is as follows:
For Poor Mission Statements:
1. Lists all or all kinds of the products the organization sells
2. is product-oriented
3. is very broad or wide
4. is less or lower than seven words
For Good Mission Statements:
1. Addresses customers the organization serves
2. Is meaningful and relevant
3. Is specific and determined
4. Describes the business the organization is in
5. is market-oriented
6. States what the organization wants to accomplish or achieve
Answer:
The correct answer is The covenant of warranty.
Explanation:
It is said that in this type of pact a public and peaceful possession must be written, which can be exercised so that it can be known by society. The possession of the property must be declared as continuous (that is, there can be no claim by the owner or the property is lost), and must be exercised as the legitimate owner before third parties.
