1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elena-2011 [213]
3 years ago
13

Which of the following best describes credit sales? Multiple Choice Cash sales to customers that are new to the company. Sales t

o customers using credit cards. Sales to customers on account. Sales with a high risk that the customer will return the product.
Business
2 answers:
gayaneshka [121]3 years ago
7 0

Answer:

The correct answer is letter "C": Sales to customers on account.

Explanation:

Credit sales are all those a creditor provides on account to a debtor with the promise of repayment on a determined period depending on the type of agreement between the two parties. Credit sales allow a business to attract more customers under the risk they will not be able to collect the debt.

Llana [10]3 years ago
5 0

Answer:

Sales to customers on account.

Explanation:

Sales to customers is usually done in two ways; Cash and credit.

In the accrual system of accounting, sales is recognized in the books whether cash has been collected or not.

When a sale is done in credit, it is said to have been done on accounts and the entries recorded would be credit sales and debit accounts receivables. The debit entry would have been to cash account if cash had been collected.

Hence credit sales refers to Sales to customers on account.

You might be interested in
Pacific West Utility has made a takeover offer to the shareholders (51% of the shares) of San Diego Edison. The board and manage
bazaltina [42]

Answer: a. Western Power must comply with the Williams Act.

Explanation: The Williams Act was passed into law in 1968 and is a federal defining the rules of acquisitions and tender offers in response to hostile attempts at takeovers from corporate raiders who make cash tender offers for stocks they owned. These offers often destroy value since they force stockholders to tender stocks on a shortened timetable and as such, the Williams Act also includes time constraints specifying the number of days to make a decision and also the least amount of time such cash offers may be open. In accordance with the Act, Western Power must follow the tenets stipulated within the Act.

4 0
3 years ago
Do you think the licensing process for international medical graduates is an unnecessary hurdle meant to shield U.S. doctors fro
Irina18 [472]

Answer:

No licensing is right. Doctors in U.S. are spending more on medical studies than any other country. It is necessary for other country medical students to gain license in order to do practice in the country.

Explanation:

In U.S. doctors are in deficiency so the country cannot completely cease employment for foreign doctors. The country needs to welcome foreign doctors but it is also necessary to safeguard home doctors. If U.S. will not safeguard rights of home country doctors then they will be demotivated and will not be patriotic for the country.

3 0
3 years ago
One problem with using email is that
NeTakaya

Answer:

On emails you could be introduced to virus's that can enter your computer! Which is why most people fo not open emails from random strangers.

Explanation:

not sure if this is the answer you're looking for, but hope it helps!

4 0
3 years ago
Economics is the social science that tries to explain
Norma-Jean [14]
C I am pretty sure goodluck
8 0
3 years ago
Rafi, a director of Super Service Station Corporation, does not attend a board meeting for three years. During that time, Twyla,
Varvara68 [4.7K]

Answer:

a. liable for negligence or mismanagement.

Explanation:

Given that,  

The cost of the improper loans = $100,000

Since the director of the Super Service Station Corporation does not attend a board meeting for three years plus the president Twyla had done the improper loans that reflect the mismanagement as without knowing the credit history of the people how it could make the loans.  

Moreover, there is no guarantee of returning the money so he is totally liable for his negligence or mismanagement

8 0
3 years ago
Other questions:
  • The Fremont (Ireland) Flyers were a semi-professional carriage racing team that competed up until the early 1930's. Mary Smith o
    10·1 answer
  • Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
    11·1 answer
  • A severe freeze has once again damaged the florida orange crop. the impact on the market for oranges will be a leftward shift in
    11·1 answer
  • Nicole knows her restaurant is understaffed today. She is hoping to get through the day without falling below her customers' ___
    6·1 answer
  • When we compare the salaries of the worst-paid members of a corporation with the salary of the ceo, what sort of measure of pove
    14·2 answers
  • Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin Gross
    9·1 answer
  • Please what is the answer?? <br> I need help
    7·1 answer
  • We describe the flow of costs in a process costing system and prepare appropriate journal entries to record costs. A process cos
    11·1 answer
  • Create a personal budget given $2000.00 on how you would spend or save it. Be specific. INCLUDE RENT, GROCERIES, BILLS, AND SPEN
    5·1 answer
  • The accountant for Bellows Corp. was preparing a bank reconciliation as of April 30. The following items were identified:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!