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taurus [48]
3 years ago
10

MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% servic

e charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be:
a. Debit Cash of $180 and credit Sales $180.
b. Debit Cash of $180 and credit Accounts Receivable-Regional $180.
c. Debit Accounts Receivable-Regional S172.80; debit Credit Card Expense $7.20 and credit Sales $180.
d. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180.
e. Debit Cash $172.80 and credit Sales $172.80.
Business
1 answer:
Zigmanuir [339]3 years ago
7 0

Answer:

d. Debit Cash $172.80; debit Credit Card Expense $7.20 and credit Sales $180.

Explanation:

Credit card expense = 180*4% = $7.20

Debit Accounts Receivable—Regional $172.80; debit Credit Card Expense $7.20 and credit Sales $180.

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Ugo [173]

Answer:

A. ​doesn't lose any sales when it raises its price

Explanation:

  • As monopoly is ruled by one set of prices and they are price makers thus even f the prices rise the price will be set above the marginal cost to maximize the profits. Thus a monopoly does not lose its market share as it acts as a single dominating factor in the supply and trade of the goods and services. And it stipulates the financial dealing through a single seller.
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Which pathways are part of the Human Services career cluster? Select all that apply.
beks73 [17]

Answer:

consumer services

counseling and mental health services

early childhood development and services

family and community services

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Explanation:

The Human Services Career Cluster are simply skills that prepares one to take on jobs that cater for human and family needs. This job could either be as a social worker, pedicurist, etc, as human needs will be addressed.

The pathways which are part of the Human Services career cluster include consumer services

counseling and mental health services

early childhood development and services

family and community services

personal care services.

3 0
3 years ago
Read 2 more answers
Do non-profit businesses make a profit ?
Yanka [14]

Answer:Yes

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4 0
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What is the main disadvantage of moving to e-moneyLOADING... or moving to a cashless​ society? A. Funds are debited too quickly
Nady [450]

The correct answer is D) There are problems with security and privacy.

The main disadvantage of moving to e-money LOADING... or moving to a cashless​ society is "There are problems with security and privacy."

Technology has brought many advantages to the way people do business, facilitating transactions, bank payments, deposits, and many more functions. However, it also has risks and disadvantages. The most important risk that has already affected thousands of people is the security and privacy of data.

There have been cases such as the clients of Target supermarket that suffered from stolen information and hackers used their credit cards to make purchases. Private concerns of data uploaded on social media sites such as Faceb*ok have been used to other purposes and the President of this company had to testify members of the US Congress.

7 0
3 years ago
Vince offers to buy a book owned by Sun-Hi for twice what Sun-Hi paid for it. She accepts and hands the book to Vince. Sun-Hi's
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Answer:

Vince and Sun-Hi's Book

With Sun-Hi's delivery of the book, the offer by Vince is accepted by Sun-Hi.

Acceptance of an offer is necessary to make a contract.

Explanation:

An offer by Vince is not a contract, but its acceptance by Sun-Hi without a counter-offer makes it a valid contract that can be enforced in law if other ingredients for a valid contract are present.  Acceptance establishes the agreement between Vince and Sun-Hi.  Once Sun-Hi accepts Vince's offer with valid considerations (the book and double the price), the agreement for a business transaction between them is consummated.  It is acceptance that completes the exchange of promises in this simple contract.

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