Answer: $5,586
Explanation:
Tamarisk, Inc. sells merchandise on account for $7,400 to Cheyenne Corp. with credit terms of 2/15, n/30
Returned goods worth $1700 of merchandise that was damaged.
Total purchase. $7,400
Less: Return. ($1,700)
Net purchases. $5,700
Made pmt within the discount period of 15 days at 2% discount
Purchases of $5,700 x 2%. = $114
Total amount paid for the purchase is $5,700 - $114 = $5,586
Answer:
A. 2500
Explanation:
10,000 shares x $5 x .05= 2500
Answer:
The correct answer would be, Credit always goes on the right side.
Explanation:
General Ledger is the set of accounts that businesses keep and maintain to have a record of their financial transactions. These ledger accounts help the accountants to make the financial statements and reports of the organization. Each account contains full detail about the specific account title. For example there would be a general ledger of Cash and this ledger will record all cash related transaction, and in the end will tell you the balance of cash account.
The format to write the ledge is to make a T account, and write Debit on the left side and credit on the right side, and record the transactions.
Internal is the answer
Hope this helps ❤️
Answer:
B) production and distribution costs fall with accumulated production experience
Explanation:
A low price may slow down market growth. However, it cannot occur in the market penetration strategy because a market penetration strategy lowers the price to attract customers in a discouraging competitive market. Therefore, option "A" and option "E" is incorrect. As the penetration strategy offers a lower price, therefore, the higher price is nowhere near the option, so "C" is not correct. As the price is low, customers want to buy more, and it is not an inelastic demand. Therefore, the option "D" is wrong also.
As penetration strategy produces the products at a lower price, they can offer low selling prices. It can only happen due to the higher production experience. So, <em>"B"</em> is the right choice.
