Answer: (1)revolving credit, (2)installment account,& (3)charge card
Explanation:
(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.
The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
<h3 /><h3>Journal entry</h3>
The correct entry to record the transaction is:
November 17
Debit Cash $7,840
(98%×$8000)
Debit Sales discount $160
(2%×$8000)
Credit Account receivable $8,000
Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
Learn more about journal entry here:brainly.com/question/14279491
#SPJ1
Answer: I don’t know the year you were born
Answer: C net income divided by net sales
Explanation:
Net profit margin is calculated by
dividing the net profits(income) by net sales, or by dividing the net income by
revenue realized over a given time period.
Profit margin is one of the commonly used profitability ratios to gauge the degree to which a company or a business activity makes money. It represents what percentage of sales has turned into profits. Simply put, the percentage figure indicates how many cents of profit the business has generated for each dollar of sale. For instance, if a business reports that it achieved a 35% profit margin during the last quarter, it means that it had a net income of $0.35 for each dollar of sales generated.
Answer:
a. closed-end lease
Explanation:
This lease is typical of a 4 year (48 months) lease period. A closed-end lease puts no obligation on the person leasing the vehicle, in terms that he/she does not have to purchase the vehicle at the end of the leasing period.
Also, if the lessee (the person using the vehicle) adjusts to the contracted mileage limit, he/she does not have to pay additional fees at the end of the leasing period.
Thus, Jacob has a closed-end lease agreement on his SUV.
