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Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would in

Savatey [412]

Answer:

Debit to sales discounts for $100

Explanation:

Please see journal entry to record the sales below;

a. Dr accounts receivable $5,00

To sales revenue account $5,000

(Being merchandise that is sold on credit basis)

Suppose payment is made within 10 days, the journal entry will be;

Dr Cash account $4,900

Sales discount account $100

(5,000 × 2%)

To accounts receivable $5,000

(Being cash that is received)

8 0

3 years ago

Once Miracle learned of the competing printer and adjusted the expected future cash flows from its original patent, was this as

Darya [45]

Answer:

(a) Entry for purchase of patent :

Patent a/c debit $600,000.

To Cash / Bank A/c. $600,000.

(b) Amortisation : (legal protection for 20 years) >> 600,000/20 = 30,000 per annum

Amortisation expenses -Patents $30,000

To Patents account $30,000

(c) Impairment Loss on Patents ac. debit 270,000 (see calculations below)

To Patents account 270,000

(Value of patents at end of 4 years = 600000-120000=480,000)

Expected future value = 210,000

Impairment = 480,000-210,000=270,000

7 0

3 years ago

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpr

horrorfan [7]

Answer:

<u><em>Integrated marketing comunication.</em></u>

Explanation:

Integrated communication marketing is the one whose central objective is to make the company's communication unique, regardless of the media channels used.

It assists in effectively transmitting the promotional toolkit to the target audience. Relevant elements for the customer to recognize the company must be present in all communications, such as logo, images, writing, in order to be able to identify and understand the company that is communicating, must be accurate and developed in a way that brings satisfaction. and integrating with the public to help you benefit from reducing the cost of irrelevant messaging and

6 0

2 years ago

Which trade scenario is most beneficial for a country?

weeeeeb [17]

It should be noted that the trade scenario that is most beneficial for a country is appreciation of the country's currency, decrease in Its Imports, and increase of its exports.

<h3>What is a trade?</h3>

Trade can be regarded as the means of exchange by an organization or country.

When the currency of a a country appreciate, the money will have value, export also boast the currency.

Therefore, option D is correct.

Learn more about currency at;

brainly.com/question/9261004

8 0

2 years ago

issued callable bonds. The bonds are most likely to be called if A. Allstate Insurance needs additional financing. B. Allstate I

sweet-ann [11.9K]

Answer:

D. interest rates decrease.

Explanation:

As the callable bond allows the bond holder to call these bonds when they require or after a specific period of time or on a condition attached. The Decrease in Interest rate will increase the value of the bond because decrease in the interest rate will increase the present value of the future cash flows associated with the bond. So, the Allstate Insurance takes the benefit of increase in the value of the bond.

4 0

2 years ago