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3 years ago

A customer paying $100 for a service with a credit card would be a debit to which account?

Business

2 answers:

balandron [24]3 years ago

6 0

Answer:

Answer is Accounts receivable.

Explanation:

A customer paying $100 for a service with a credit card will be a debit to Accounts receivable.

Fed [463]3 years ago

5 0

Answer:

Accounts receivable

Explanation:

The $100 is a debit from the credit card of the customer and would be debited to accounts receivable.

Account receivable is basically the money owed to a seller by the buyer and they are created by the company when the credit purchase is made.

The company will receive their $100 owed to them from accounts receivable because it shows on the balance sheet the amount owed the company and can be retrieved on short term basis.

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Jackson State University is evaluating two options. It can perform online distance learning upgrades now for $275,000 or it can

Vera_Pavlovna [14]

Answer:

The answer for (a)$442,890 for (b) $364,023.5

Explanation:

From the question, the first set to take is to determine if the Mayor should purchase now or late when,

(a)When inflation is not considered

(b)When inflation is considered

(A) When inflation is considered

Future worth analysis (FWA) = 275, 000 (i +1)^5

=275,000 (1.10)^5

= $442,890

Thus, since FW > $375,000,

The cost of future is less, the Mayor should purchase later.

(B) When inflation is considered

Real rate = ( 1 + nominal/1 +inflation)^-1 = 1.1/1.04 -1 = 0.057 = 5.77

FW = 275,000 (1 +i)^5 = 275,000 (1.0577)^5

=$364,023.5

So FW< 375,000

Because the worth of buying or purchasing is less, the mayor should purchase now

3 0

3 years ago

Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one

timama [110]

60k and 4k because thats what he put he lost

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3 years ago

On June 1, 2018, Cork Oak Corporation purchased a passenger automobile for 100 percent use in its business. The auto, with a cos

lubasha [3.4K]

Answer:

=$ 4400

Explanation:

Under the Macrs depreciation schedule, motor vehicles as assets have a useful life of 5 years. In the first year, the deprecation rate id 20%, followed by 32% in the second year.

For cork oak corporation: the value of the motor vehicle is 22,000

Date of purchase 2018, years in depreciation: 1

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5 0

3 years ago

Jim and Sally are not married. They lived together all year. Sally had $5,000 in earned income during 2019. Jim earned $30,000 i

kap26 [50]

Answer:

Jim could file as a head of household and qualify for higher deductions and earned income credit for one child.

Sally should file her taxes as a single filer since she has very low income so she falls under the first tax bracket, she can also file for earned income credit for one child.

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3 years ago

If you know the company that you want to work for, you should check theon the company’s website as you perform your job search.

Alex73 [517]

well... this is a statment not a question so it doesnt really make snce but yes you should research the company

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3 years ago