1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ierofanga [76]
1 year ago
14

The entry to record a sale of 1500 with terms of 2/7

Business
1 answer:
maxonik [38]1 year ago
4 0

There will be a credit of $1500 to Sales Revenue included in the entry to record a sale for $1500 with conditions of 2/7, n/30.

<h3>Why is there a 2/10 N 30 sales discount?</h3>

Explain the significance of the credit terms 2/10 and n/30. 2% of the invoice amount may be withheld by the buyer if payment is made within ten days of the invoice date. -A 30-day grace period, after which full payment is expected. duration of the discount The time period during which a customer can pay less and receive a financial discount.

The phrase "2/10 net 30" means that the consumer will save 2% if the entire payment is paid within 10 days. If not, full payment must be made in 30 days.

Learn more about credit terms 2/10 and n/30: brainly.com/question/18716859

#SPJ4

You might be interested in
Bond Features Maturity (years) 5 Face Value = $1,000Coupon Rate = 5.00%Coupon dates (Annual) Market interest rate today 5.00%Tim
german

Answer:

it should call back the bonds as it will save $8.25

Explanation:

Bond Price can be calculated using PV function. After 3 years,

N = 2, PMT = 5% x 1000 = 50, FV = 1000, I/Y = 2%

=> Compute PV = $1,058.25

Without the call option, the bond would be worth $1,058.25. But the firm can buy those bonds at $1,050.

Hence, it should call back the bonds as it will save $8.25

5 0
3 years ago
Which of the following is an example of human resources planning?
zepelin [54]
It’s B :) because it ensures what fits best to the company about employees idk if that make sense.
5 0
3 years ago
Which of the following examples is NOT a trust indorsement?
konstantin123 [22]

Answer:

a. Rao indorses his payroll check in blank.

Explanation:

There are many types of indorsements, and out of them one is "Trust Indorsement"

Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.

Example:

Brian indorses a check to his employee Denny  "Payable to Denny, as agent for Brian", This is an example of trust indorsment.

Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".

Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"

Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.

7 0
3 years ago
Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an
ki77a [65]

After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

brainly.com/question/15610382

#SPJ1

5 0
2 years ago
Bradley snapp has deposited $7,000 in a guaranteed investment account with a promised rate of 6% compounded annually. he plans t
allsm [11]
P = $7,000, principal
r = 6% = 0.06, rate
n = 1, compounding interval
t = 4 years

Calculate the value after 4 years.
A = 7000*(1 + 0.06)⁴
   = $8,837.34

Answer: d. $8,837.34
5 0
3 years ago
Other questions:
  • Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three ac
    10·1 answer
  • The Seller holds security deposits in the amount of $1,000 from each of six tenants. On the settlement sheet:
    9·1 answer
  • Read the following actual bill. Sawtooth National Recreation Area and Jerry Peak Wilderness Additions Act Designates specified p
    13·1 answer
  • A company bought a $1,000,000 building and $500,000 of land with a $300,000 cash down payment and used a new mortgage to pay the
    10·1 answer
  • The roles of money Sam just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down pay
    7·1 answer
  • A perfectly competitive industry achieves allocative efficiency in the long run. What does allocative efficiency​ mean? A. Each
    10·1 answer
  • Cheryl wants to have $2,000 in
    13·1 answer
  • Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
    9·1 answer
  • Brendan buys a used car in April 2020 from his neighbor for $20,000. After one month, he loses his job and decides to sell the c
    7·1 answer
  • Greg Winston has gone bankrupt and started a lemonade stand. He has invested $400 in lemonade equipment, and he sells a glass of
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!