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2 years ago

What are the items that can result in higher interest earned

Business

1 answer:

Eduardwww [97]2 years ago

6 0

A higher interest rate and/or a higher balance will result in higher interest earned.

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Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o

OLEGan [10]

Answer:

Apr. 1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

Sales Revenue $740 (debit)

Trade Receivable $740 (credit)

Merchandise $444 (debit)

Cost of Sales $444 (credit)

Apr. 8

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

Cost of Sales $1,960 (debit)

Merchandise $1,960 (credit)

Apr. 11

Cash $5,860 (debit)

Trade Receivable (credit)

Explanation:

Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

For any returns, De-recognize the Sales Revenue - to the extend of the credit granted and also de-recognize the Cost of Sales to the extend of the value of Inventory returned.

4 0

3 years ago

other students in school learn that you are making money by selling bracelets. they decide to open their own bracelet businesses

vampirchik [111]

Well there's more competition, because you're not the only one who sells bracelets anymore

5 0

3 years ago

Read 2 more answers

Flesch corporation produces and sells two products. in the most recent month, product c90b had sales of $26,100 and variable exp

julia-pushkina [17]

Flesch Corporation produces and sells two products, in case if there is any shift in the sales from product Y45E to C90B, then the breakeven will also decrease, since the contribution margin for Product C90B is less than the Product Y45E.

Contribution Margin: Total Contribution ÷ Total Sales

Product C90B:

=(26100-9135) ÷ 26100

= 35%

Product Y45E:

= (33540-15093) ÷ 33540

= 45%

Since the contribution margin of Product C90B < Product Y45E, the breakeven will decrease.

5 0

3 years ago

Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose

Natalka [10]

Answer:

E) 1, 2, and 3

Explanation:

A partnership is a very flexible business which is very easy to set up but has some disadvantages also and they include:

partners have unlimited liability.- if losses are expected to continue, then the partners will probably decide to liquidate the partnership.
risks of disagreements between the partners.- if the partners are incompatible and cannot agree upon the decisions that need to be made, the partnership will probably be liquidated
if the partners decide to leave because they retire then the partnership will probably have to be liquidated unless a new partner replaces the one that leaves or the other partners buy his/her share of the partnership.

8 0

3 years ago

Which of the following will cause the demand curve to shift? A. a change in the cost of raw materials B. more firms in the mark

salantis [7]

Answer:

D. a change in consumer income

Explanation:

There are two main reason for shift in demand curve left or right in addition to price:

Change in consumer income.
Change in preference.

Consumer income or earning affect the demand curve as according income of consumer, thier preference and priority changes. Example: Daily wages labor may have very less demand for Domino´s Pizza or starbucks coffee, however, manager of any MNC may have higher demand for Domino´s Pizza or starbuck coffee.

7 0

2 years ago