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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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Dana writes a check to Becky on Dana’s account at Community Bank. The bank dishonors the check even though Dana has sufficient f
iren [92.7K]

Answer:

Dana

Explanation:

According to my research on different bank responsibilities, I can say that based on the information provided within the question the bank is completely liable to Dana. This is because the bank has a responsibility to Dana since she is the one who signed to open the account, which in term is her. They must now let her know why they dishonored the check and provide a solution.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $18.00
Juliette [100K]

Answer:

$120,000 decrease.

5 0
3 years ago
Specialty stores like Lids carry ________ with ________. A. wide product lines; shallow assortments B. narrow product lines; sha
4vir4ik [10]

Answer:

narrow product lines; deep assortments

Explanation:

product line is group of same type of product selling under a same brand name.

narrow and wide product line is defined on the basis of number of type of product being sold by a retailer.

Narrow product line is a retailing strategy which means that few type of products which is being sold by a retailer.

Example: Pizza hut which sells only limited number of eatables thus they have narrow product lines

Wide product line means very high number of different type of product is being sold by the retailer.

Example:wall mart which sells wide number of products

Assortment is strategy in retail which defines number of different brands of same type of product which is being sold by a retails.

It is of two types

shallow assortments: It means very few brands of same type of product is offered by a retailer.

deep assortment: It means large of number of different brand of same type of product is being sold by a retailer.

Specialty stores are store which sell only limited type of product but they offer wide variety of choices of brand for the products which they sell. In retail marketing term they keep narrow product line but deep assortments as mentioned in the definitions above

Since Lids is a specialty store the correct option would be narrow product line, deep assortments.

4 0
3 years ago
An investment in improving the skill level of labor is considered an investment in
iris [78.8K]
An investment in improving the skill level of labor is considered an investment in HUMAN CAPITAL.
Human capital refers to the skills, knowledge and experiences possess by the the labour. Investments that increase the labour's skills and knowledge is a human capital investment that will lead to increased productivity.<span />
4 0
3 years ago
Read 2 more answers
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