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kow [346]
3 years ago
11

Woodstock Co. had $500 of credit cards sales. The net cash receipts were deposited immediately into Woodstock's bank account les

s a 2% fee. The entry to record this sales transaction would include a credit to:
Business
1 answer:
Contact [7]3 years ago
3 0

Answer:

Sales revenue for $500

Explanation:

The journal entry is shown below:

Account receivable Dr $490

Credit card expense Dr $10

                     To Sales revenue $500

(Being the sale transaction is recorded)

The account receivable  is computed below:

= Sales revenue - sales revenue × fee percentage given

= $500 - $500 × 2%

= $500 - $10

= $490

And, the credit card expense is

= Sales revenue × fee percentage given

=  $500 × 2%

= $10

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Potential investors, in analyzing the profit potential for a distressed property, generally consider a financial framework inclu
Misha Larkins [42]

Answer:

It is True that potential investors, in analyzing the profit potential for a distressed property, generally consider a financial framework including the acquisition phase, the holding period phase and the disposition phase

Explanation:

Acquisition is the process of gaining ownership or control of a real estate. It is usually sold by brokers to investors.

In the case of distressed property, there is always a holding period

Holding periods are usually targeted at 2-5 years, during which the asset that has been acquired is renovated.

The end of the holding period transitions to the beginning of the disposition phase.

During the disposition phase, the real estate which could be a distressed building is being disposed or handed over to the owners. At this phase, complete documentation is done and handed to both parties to endorse.

A comprehensive financial framework detailing all the expenditure across the acquisition phase, holding period and the disposition phase must be in place in order to get an accurate calculation of expenditure data to used in analyzing the profit potential of a property.

3 0
3 years ago
Jeremy was interested in science and math in school. In college, Jeremy studied to become an ecologist who studies the effect of
Amanda [17]

Answer:

The ways Jeremy can use math and science in his career are:

  • Perform scientific research.
  • In the evaluations and analyzes, he makes of his data collection.

Explanation:

Ecology is the branch of science that studies the interrelationships between organisms and their environment; ecology is an extensive branch by which ecologists can work in the field or laboratories.

Ecologists aim to study the diversity of the ecosystem and study how to make less impact on the environment.

In the case of Jeremy, who was interested in mathematics and science at school, now, being an environmentalist, he would use this knowledge in his scientific research when collecting data from his research. And how to calculate the effect of fertilizer on wildlife this through the analysis and evaluation of its collected data.

I hope this information can help you.

5 0
3 years ago
What is one reason that more affluent individuals may experience better health?
andrew-mc [135]
They can afford top notch healthcare
3 0
3 years ago
Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
3 years ago
What is Nick causing? Nick has set up his steel factory near a community lake. The waste from his factory is directly thrown in
gregori [183]
<span>Nick is causing pollution specifically water pollution. Since he is contaminating the community lake. This kind of environmental deprivation happens when pollutants are straight or meanderingly discharged into water forms lacking passable treatment to eliminate harmful composites. This can damage the animals existing by the lake, and the people breathing the air.</span>
3 0
3 years ago
Read 2 more answers
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