The amount of the sales transaction would include a debit to cash is $970.
<h3>How is the percentage determined?</h3>
- The percentage is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100.
- Simply multiply the total by the percentage to determine the precise number of absentees from the event.
So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40
This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.
1000 x (1-0,03)
1000 x 0,97 = 970$
So, the amount of debt to cash that would entry to the record sales would be 970$.
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Answer: True
Explanation: <u><em>The scenario given in the question is an example of global advertising campaign.</em></u>
Global advertising can be referred to as advertising on global scale unification or captivating marketable benefit of worldwide operational variances, similarities and chances in order to accomplish global aims. It is also known as a method where similar universal message is functional at a global scale<u><em>.</em></u>
Answer:
$87,000
Explanation:
The computation of the cash provided by operating activities (indirect method) is given below:
Cash flow from Operating activities
Net income $72,000
Add: Depreciation expense $4,000
Add: Current assets decreased $3,000
Add: Current liabilities increased $8,000
Net Cash flow provided by operating activities $87,000
It is a false statement that a debit is always a negative entry under the double-entry system of accounting,
<h3>What is the double-entry system?</h3>
In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.
Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.
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Most people wanted to build there credit up that’s why they use credit cards
