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ivann1987 [24]
1 year ago
5

The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include

a credit to?
Business
1 answer:
Korolek [52]1 year ago
3 0

The entry to record the receipt of payment is  $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

To learn more about Trade discount click the given link

brainly.com/question/3967119

#SPJ4

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How do worker organizations influence wages?
swat32
B. They fight for higher pay for workers.
8 0
3 years ago
You have $5,600 that you want to use to open a savings account. There are five banks located in your area. The rates paid by ban
Nadya [2.5K]

Answer:

if you want to maximize the amount of interest that you will earn, then you should choose bank C

Explanation:

interest gained in 1 year in bank A = $5,600 x 4.61% = $258.16

interest gained in 1 year in bank B = $5,600 x [(1 + 4.15%/12)¹² - 1] = $236.87

interest gained in 1 year in bank C = $5,600 x [(1 + 4.57%/2)² - 1] = $258.84

interest gained in 1 year in bank D = $5,600 x [(1 + 4.25%/4)⁴ - 1] = $241.82

we have to calculate the effective interest rate paid by each bank using the following formula:

effective interest = (1 + i/n)ⁿ - 1

8 0
3 years ago
Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purcha
bearhunter [10]

Answer: $600F

Explanation:

Given the following :

standard unit price - $1.80

actual purchase price per unit - $1.65

actual quantity purchased - 4,000

units actual quantity used - 3,900

units standard quantity allowed for actual production - 3,800 units

Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased

($1.65 - $1.80) × 4000

( $0.15) × 4000

$600F (Favorable) because standard price is higher than actual price

6 0
3 years ago
Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

  • Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
  • A natural monopoly exists when average costs continuously fall as the firm gets larger.
  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

Learn more about this here:

brainly.com/question/5372062

#SPJ4

6 0
2 years ago
Marketing programs that track purchases history, personal information and preferences and provide incentives to loyal, repeat cu
Over [174]

Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.

The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.

These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.

Such programs are established to encourage repeat business.

Read more on brainly.com/question/15216794?referrer=searchResults

5 0
3 years ago
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