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SOVA2 [1]
1 year ago
14

(Chapter Supplement) Under the gross method of recording sales discounts discussed in this chapter, is the amount of sales disco

unt taken recorded
(b) At the time the collection of the account is recorded?
Business
1 answer:
UkoKoshka [18]1 year ago
8 0

At the time of collection, if the amount is paid within the discount period, the following entry is recorded:

Cash (+A).......................xxx

Sales discount(+XR,-R,-SE)........xxx

R. Jones (Accounts Receivables)(-A)….xxx

If the account is paid in full before the end of the discount period, the customer can be eligible for a cash discount rate. The duration of the trade credit is known as the credit period, and up until the end of the credit term, no interest is applied to the outstanding balance.

You use it to illustrate how a company's cash flow is distributed equally throughout the year rather than arriving in full at the end. We would use discount period numbers of 1 for the first year, 2 for the second year, 3 for the third year, and so on in a DCF without the mid-year convention.

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The multiplier effect suggests that Not yet Wswered Select one a. spending $1 increases GDP by more than $1. Marked out of 1.00
Rzqust [24]

Tax multiplier amount = -9.00.Real GDP changed or increased by $9 billion. Less than $1 billion in spending would be required by the government. The explanation is that the tax multiplier's absolute value is bigger than the expenditure multiplier's absolute value, which is 10.

MPC = 1 - 0.90 = 0.10 MPS = Marginal Propensity to Save = 1 MPC = 1 - 0.90 = 0.10

As a result, we have:

The tax multiplier is equal to MPC / MPS, which is 0.90 / 0.10, or -9.00.Reduced tax X=-$1 billion

Tax multiplier equals -9.00.

Amount of change or growth in real GDP equals a decrease in taxes, multiplied by a -$1 tax multiplier.Multiplier for expenses = 1/ MPS = 1/ 0.10 = 10Real GDP growth is equal to the change in government spending multiplied by the expenditure multiplier (1). Solve for by substituting the appropriate values into equation (1). Government spending has changed.We possess.Change in government spending of $9 billion $9 billion / 10 = $0.90 billion in changes to government spending in one year.Given that the expenditure multiplier produced a change in government spending of $0.90 billion, this suggests that less than $1 billion in expenditures would be required.

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4 0
2 years ago
Which is bigger, in size? 300oz/900g OR 3.5lb
Artyom0805 [142]

Answer:

Explanation:

3.5lb

3 0
3 years ago
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Why Do THe chIcKen cross da RoaD????????
Aleonysh [2.5K]

To get to the other side

4 0
3 years ago
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This year Barney purchased 680 shares of bell com stock for $11.00 per share. At year-end the bell shares were only worth $2.20
Damm [24]
Purchased shares = 680 shares * $11.00 ($7,480)
Year-end shares worth = 680 shares * $2.20 ($1,496)
Loss of shares = $7,480 - $1,496 ($5,984)

OR

Loss in shares price= $11.00 - $2.20 ($8.80)
Loss of shares = 680 shares * $8.80 ($5,984)

Barney can deduct $5,984 as the amount of loss of this year.
4 0
3 years ago
The U.S. Bureau of Labor Statistics provides additional price indexes across many different types of goods and services. Typical
evablogger [386]

There are large variation in the individual price indexes for consumption categories leading to the agency providing an additional price indexes across many different types of goods

<h3>What are price indexes?</h3>

Price indexes refers to an economic measure that shows how prices change over a period of time.

In conclusion, the large variation in the individual price indexes for consumption categories leads to the agency providing an additional price indexes across many different types of goods

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2 years ago
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