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Ierofanga [76]
10 months ago
14

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

Business
1 answer:
maxonik [38]10 months 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

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Allied Paper Products, Inc., offers a restricted stock award plan to its vice presidents. On January 1, 2021, the company grante
zubka84 [21]

Answer: See explanation

Explanation:

1. Determine the total compensation cost pertaining to the restricted shares.

This will be:

= 15 million × $6

= $90 million

2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2022.

December 31, 2021

Dr Compensation expense = 90/2 = $45 million

Cr Paid-in capital—restricted stock = $45 million

December 31, 2022

Dr Compensation expense = $45 million

Cr Paid-in capital—restricted stock = $45 million

December 31, 2022

Dr Paid-in capital—restricted stock = $90 million

Cr Common stock = $15 million

Cr Paid-in capital—excess of par = $75 million

3 0
2 years ago
Several years ago, Canadian Sam Holman realized there may be a need for a stronger, more durable wood baseball bat. He went thro
Bingel [31]

Answer:

B) marketing mix.

Explanation:

This is a marketing mix that Mr Holman designed. This is the 4P's; Product, Price, Promotion, Place

From this paragraph, you pick the hint from this sections;

  • "He went through the process of developing the SamBat, a maple bat of precise dimensions" -(PRODUCT); the good that fulfills the need in the market.
  • "..He set a price with a reasonable margin" -(PRICE) ; basically, the value of your product
  • "..he decided to take special orders and sell bats directly from his garage"-(PLACE); where your customers will get access to the product; the ideal location.
  • "and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. "- (PROMOTION) ; involves making the product known in the market and it involves advertising, public relations or online marketing.
5 0
3 years ago
Silver Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts represent $66 for delivery expense
ratelena [41]

Answer:

The correct answer is credit to cash by $320..

Explanation:

According to the scenario, Journal entry of the given data are as follows:

Journal entry

Delivery expense A/c Dr $66

Merchandise inventory A/c Dr $219

Misc. Expense A/c Dr $35

To Cash A/c $320                            ( $66 + $219 + $35)

(Being reimbursement of the account is recorded )

Hence, reimbursement of the account includes  credit to cash by $320.

6 0
3 years ago
26. Given a normal market supply curve for ice cream, if the surgeon general states that ice cream causes cancer, then:________
Anvisha [2.4K]

Answer:

B) there is a decrease in the quantity supplied of ice cream

Explanation:

normal market supply curve provide the relationship between quantity supply and the price of the community.

In this question the ice cream is the quantity supply,Given a normal market supply curve for ice cream,

In case, surgeon general states that ice cream causes cancer, then there will be decrease in the quantity supplied of ice cream because the value(price) has decreased then the quantity supplied of ice cream decreases.

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3 years ago
What is a presentation can do?
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I recommend the Powerpoint format. If you present multiple pages But if the content is short, I recommend an infographic. Or it can be made into a video to add excitement or a Flip ebook looks exciting.

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