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weqwewe [10]
3 years ago
8

On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu

stomer made the correct payment on December 5. How would Flores record the collection of cash on December 5?
A. Cash 7,840
Accounts Receivable 7,840
B. Cash 7,840
Sales Discounts 160
Accounts Receivable 8,000
C. Cash 7,840
Sales Revenue 160
Accounts Receivable 8,000
D. Cash 8,000
Accounts Receivable 8,000
Business
1 answer:
dezoksy [38]3 years ago
5 0

Answer:

D. Cash 8,000

Accounts Receivable 8,000

Explanation:

The commercial terms of the transactions are as follow:

2/10 within the first 10 days of the invoice The payment will be grnated with 2% discount

n/30 during the next 30 days of invoice date, the payment to cancel will be the nominal

The payment is after the discount period, it will be at nominal which is 8,000

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Describe a real or made up but realistic example of a time when you might apply for a loan.
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Well people apply for loans when they need money for a certain goal. Like in the movie fantastic beasts and where to find them in the first part they are at a bank. The guy in their tries to get a loan so he can start a company as an entrepreneur. He wants to be able to own his own bakery so he could make cookies cakes and several other designs. Another reason people get loans is when their business is failing. Like the macys owner in the Florida Oviedo town mall took a few loans to help start up the company and pay to own the store their.  But it recently closed. Those are two examples of when people took a loan to either start or continue a buisness when money was short.
3 0
3 years ago
Identify each of the following statements about linear programming problems as true or false, and then justify your answer.
nika2105 [10]

Answer and Explanation:

a. The given statement is true as the corner point at the objective function should be feasible solution which is no longer as compared with the value for every adjacent CPF solution as compared with its optimal

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3 years ago
A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen
brilliants [131]

Answer:

The cost recorded will be $53,400

Explanation:

In this question, we are to give the value of the amount recorded as the cost of the new equipment.

By simply doing some additions, we will be okay.

mathematically, this would be

Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400

4 0
3 years ago
PLEASE HELP!!!
Luden [163]

building society --- is owned by its members and provides banking servic

trust company --- acts as a fiduciary and handles custodial asset arrangements

asset management firm --- invests people's funds in financial assets

stock brokerage firm --- trades securities and makes money from commissions


5 0
3 years ago
Read 2 more answers
Savings Goals
romanna [79]

Answer:

I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.

Explanation:

Sshheeeeeeshh

7 0
2 years ago
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