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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Answer: Bagley's ethical decision making tree
Explanation: In simple words, it refers to the method of decision making when the managers are facing an ethical dillema. Under this approach, the managers considers all alternatives and takes into account the impact of making them.
In the given case, Patty is trying to ascertain whether she should close the facility temporally or permanently and what impact does it make.
Hence from the above we can conclude that she and her managers are using Bagley's ethical decision making tree.
How much ever percent she cuts so will the value of her sales
Navy blue and gold are the official colors of the FBLA. Hope this helps!