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10 months ago

if a merchandiser records a debit to accounts receivable and a credit to sales revenue, they have most likely

1 answer:

8 0

if a merchandiser records a debit to accounts receivable and a credit to sales revenue, they have most likely Credit sales recorded.

We have accounts receivable as an asset account and the sales have already been made. Sales revenue has been generated and will be credited to accounts receivable. Sales revenue is a source of income, and accounts receivable are sources of assets.

Some credit sales have clauses, such as interest income clauses, that state that if a payment is not made, an amount will be received after a certain amount of time has passed.

Credit sales are transactions in which the outstanding balance will be paid at a later time. In other words, credit sales refer to transactions in which customers make purchases but do not pay in full, in cash, at the time of the transaction.

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An investment of $6,000 produces a net annual cash inflow of $2,000 for each of 5 years. What is the payback period? a.2 years b

mestny [16]

Answer:

3 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the projects cash flows .

Number of years = Investment / cash flows

$6000 / $2000 = 3 years

I hope my answer helps you

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3 years ago

a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor

disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17 $\times$ 24

=$408

Also, when the customer sells all the 17 units of the composite good, she will earn:

=$11 $\times$ 18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

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6 0

1 year ago

If shuebke's review was conducted in good faith and conformed to generally accepted accounting principles, can superior hold shu

Ira Lisetskai [31]

This involves bookkeeper obligation, carelessness – or neglecting to distinguish material oversights, and the treatment of bookkeepers acting in compliance with common decency and following the sound accounting standards. The essential inquiry is regardless of whether Shuebke can be held subject expecting she had acted in compliance with common decency and adjusted to the sound accounting standards. To start, sound accounting standards can be characterized as the traditions, guidelines, and methodology used to depict what the worthy bookkeeping standards are at a particular time. They likewise diagram the level of aptitude expected of bookkeepers and the level of care that they should practice in playing out their administrations.

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3 years ago

Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

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2 years ago

The bank statement _________.A.may show service charges, EFT collections from customers, and EFT withdrawals B.does not inclu

kari74 [83]

Answer:

The correct answer is letter "A": may show service charges, EFT collections from customers, and EFT withdrawals.

Explanation:

A bank statement shows account holders' transactions during a certain period of time that tends to be one (1) month. This report shows the current balance in the customers' accounts including charges, Electronic Funds Transfers (EFT) collections, and withdrawals as well as payments representing inflows.

<em>Bank statements are useful for clients so they can have control of the expenditures of their accounts.</em>

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2 years ago