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
Zinaida [17]
3 years ago
15

The General Fund of the City of Snake River operates on a calendar year basis. It sends bills to property owners on January 2. T

axes are due March 1, but taxpayers are allowed until March 31 to make payment without penalty. Taxpayers who pay before March 1 are allowed to deduct a 1 percent discount. Taxpayers who fail to pay by April 1 are declared delinquent, and notice is sent to them that they owe a penalty of 4 percent of the unpaid taxes. Prepare journal entries to record the following Snake River transactions:
Business
1 answer:
nadezda [96]3 years ago
6 0

Answer:1) Debit to receivable $994,000.00

Debit to discount allowable $6,000.00

Credit to Tax Revenue $1,000,000

2) Debit to cash $693,000.00

Credit to receivable $693,000.00

Explanation: A revenue is an amount earned and brought into a business by its operations or amount earned by the government.

Discounts are allowable in fund generation inorder to encourage prompt payment. This discount is seen as an expense to the business or government which is matched against the revenue generated.

You might be interested in
Consider the following vignette. Aboard the cruise ship Royal Majesty, a breakfast diner complains to the waiter that the meal i
Nonamiya [84]

Answer:

The correct answer is: D) unreasonable demands

Explanation:

These are contradictory demands, whether, in themselves, they require the fulfillment of two or more contradictory or inconsistent conditions with each other, whether it is what the person who generates an internal conflict demands, the foreign demand being to go against its own essence, while the other pole is fidelity to it.

In these cases, the irrationality of the demand does not fall on the capacities, but on the being itself. In addition, its origin is always in the environment of the person.

3 0
3 years ago
Read 2 more answers
People in _______ careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities
Phoenix [80]

People in <u>realistic</u> careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities and can talk people into doing things their way.

<h3>What is realistic career?</h3>

Realistic career is a career which create leadership roles in its practitioners. It allows its practitioners have more vocal ability and ability to convince people to do their bidding.

Examples of realistic careers are

  • Astronauts,
  • Firefighters,
  • Paramedics,
  • Veterinarians.

Learn more about career:

brainly.com/question/1199865

3 0
3 years ago
Offering regular customers discounts on products is know as a
Alexxx [7]

Answer:

External customer incentives

Explanation:

External customer incentives are similar to customer incentives. The phrase external distinguishes between internal customers or company employees and other customers who chose to buy the company's products.

Customer incentives are offers given to customers by a company to attract and retain them. Businesses use incentives to convert potential customers into paying clients. Discounts are an example of external customer incentives.  They are used when a business faces competition from similar products by other companies. Business also offer end of the year, anniversary, and other seasonal discounts.

7 0
3 years ago
An investment offers $6,400 per year for 15 years, with the first payment occurring one year from now. If the required return is
yawa3891 [41]

Answer:

PV= $62,158.4

Explanation:

Giving the following information:

Annual payment= $6,400

Number of periods= 15 years

Interest rate= 6% = 0.06

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {6,400*[(1.06^15) - 1]} / 0.06

FV= $148,966.21

<u>Now, the present value:</u>

PV= FV/(1+i)^n

PV= 148,966.21 / (1.06^15)

PV= $62,158.4

4 0
3 years ago
The number of dependents that people are choosing to have is ?
joja [24]

Current demographic trends show that the number of dependents that people choose to have is <u>Decreasing</u>.

<h3>What is the trend in dependants?</h3>

A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.

The top reasons for this include more education and increased economic hardship.

Find out more on trends in population growth at brainly.com/question/521129.

#SPJ1

5 0
2 years ago
Other questions:
  • Pharoah Company invests $10,400,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as availab
    11·1 answer
  • When Randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he k
    12·1 answer
  • Gerald took a break while two of his coworkers completed a task that all three of them volunteered for. This shows a lack of ___
    14·1 answer
  • Answer this question based on the dividend growth model. If you expect the market rate of return to increase across the board on
    11·1 answer
  • In 1985, you received a
    11·1 answer
  • A company has an ending accounts receivable balance of $900,000 and estimates that uncollectible accounts will be 2% of its acco
    5·1 answer
  • On January 2, Yorkshire Company acquired 40% of the outstanding stock of Fain Company for $600,000. For the year ended December
    8·1 answer
  • Fun fact: The average person walks past a murderer 36 times in their life It's a fun fact because they didn't kill you.
    8·2 answers
  • Check all of the perks a job might offer as incentives for potential applicants
    14·2 answers
  • Differentiate between a bond coupon rate and the market rate of interest.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!