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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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In planning for a crisis, the leader has to focus on five integrated tasks. These tasks include all of the following EXCEPT: a.
Nikitich [7]

Answer:

c. communicate regular updates on the planning process to all employees.

Explanation:

In planning for a crisis, the leader has to focus on five integrated tasks that will allow to be more successful in dealing with it. These tasks are:

-Formulate an overarching vision of crisis management for the organization.

-Establish strategic goals and program objectives for crisis management.

-Coordinate the creation of a crisis management plan.

-Establish a communication plan.

-Develop a pre-crisis simulation plan for the organization.

According to this, the answer is that these tasks include all of the following except communicate regular updates on the planning process to all employees.

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3 years ago
Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

5 0
3 years ago
You consider buying a share of stock at a price of $31. the stock is expected to pay a dividend of $2.58 next year, and your adv
Sophie [7]
Im not sure but I need the points man
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3 years ago
In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase
soldier1979 [14.2K]

Answer:

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

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3 years ago
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