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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.

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Labor productivity on the Cleveland Tools Inc. assembly line was 33 units per hour in 2019. In 2020, labor productivity was 35 u
elena-14-01-66 [18.8K]

Answer:

Productivity Growth = 6.1%

Explanation:

Productivity Growth = Current Productivity - Previous Productivity/ Previous Productivity

Productivity Growth = 35-33/33=2/33= 0.0606 or 0.061*100= 6.1%

Productivity Ratio =  Output/ Input

Labor Productivity=  No of Units/ No of Employees

A preferable approach to productivity measurement is to record multiple physical measures that capture the most important determinants of a company's productivity.

7 0
3 years ago
What is Virgo sign means
atroni [7]

Answer: Virgo is an earth sign historically represented by the goddess of wheat and agriculture, an association that speaks to Virgo's deep-rooted presence in the material world. Virgos are logical, practical, and systematic in their approach to life. ... Virgo is governed by Mercury, the messenger planet of communication.

Explanation: But I'm a Taurus and I'm the queen of all Zodiac signs

Leos are the Kings of all Zodiacl signs and I'm lucky I'm on the day of the Taurus zodiac change April 20th and my birth mineral is Crytal. Or Diamond

7 0
2 years ago
In the fictional country of Dirian the economics statistics department has been busy calculating the price index for a basket of
inysia [295]

Answer:

Inflation refers to the general rise in price levels of goods and services in an economy.

Inflation = \frac{CPI in current year - CPI in previous year}{CPI in current year} *100

2014 Inflation;

Inflation = \frac{104.7 - 100}{100} *100\\= 0.047

= 4.7%

2015

Inflation = \frac{109.3 - 104.7}{104.7} *100\\\\= 0.0439

= 4.39%

2016

Inflation = \frac{113.1 - 109.3}{109.3} *100\\\\= 0.0348

= 3.48%

2017

Inflation = \frac{119.2 - 113.1}{113.1} *100\\\\= 0.0539

= 5.39%

4 0
3 years ago
Which of the following are examples of job amenities?A. a child-care center at work B. health insurance benefits C. pleasant wor
Temka [501]

Answer:

The correct option here is E) all of the above.

Explanation:

Job amenities are nothing but the perks or benefits that a employee receives from his or her employer company . There can be various benefits that a employee can receive like health insurance, pension plan , dental insurance, vacation, or sick days , good working conditions etc.

All of the choices given in the question are examples of job amenities that a employee receives

6 0
3 years ago
A current loan balance is $118,000 on a 30-year loan at 7% interest, with a monthly payment of $831.63 for principal and interes
shusha [124]

Answer:

$143.30

Explanation:

In order to determine the principal reduction payment, the monthly interest will need to be calculated. The interest will then be deducted from the total monthly payment to compute the principal reduction payment:

Annual Interest           = $118,000 X 7/100

                                   = $8,260

Monthly interest         = $8,260/12

                                   = $688.33

Principal reduction    =  $831.63 - $688.33

                                   = $143.30

6 0
3 years ago
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