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zzz [600]
3 years ago
12

The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will

include a
Business
1 answer:
Triss [41]3 years ago
3 0

Answer and Explanation:

Given that

The Sale is made for $900

Terms 2/10, n/30 that means if the payment is made within 10 days than 2% discount is eligible and the total credit period allowed is 30 days

Now the journal entry to record the receipts of a payment within discount period is

Cash Dr $882

Sales discount $18

            To Account receivable $900

(Being the cash received)

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The trading principle formulated by adam smith maintained that:
erma4kov [3.2K]
The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.
6 0
3 years ago
A company that has been subject to Securities Exchange Act of 1934 reporting requirements for five years and has an aggregate wo
pickupchik [31]

accelerated filer, A company reporting requirements for five years and has an aggregate worldwide market cap of $300 million is an accelerated filer.

More about accelerated filer?

A publicly traded company that, as of the end of its fiscal year, satisfies each of the following requirements:

  • As of the final business day of the company's most recent completed second fiscal quarter, the total worldwide market value of the voting and non-voting common equity held by its non-affiliates (or public float) was $75 million or more but less than $700 million.
  • For at least 12 months, the company has been required to report in accordance with Sections 13(a) or 15(d) of the Exchange Act.
  • The business has previously submitted at least one annual report in accordance with Exchange Act Sections 13(a) or 15(d).
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Learn more about accelerated filer here: brainly.com/question/14855960

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7 0
2 years ago
Joe's income is $500, the price of food (F) is $2 per unit, and the price of shelter (S) is $100. Which of the following represe
Shkiper50 [21]

Answer:

A) 500 = 2F + 100S.

Explanation:

A budget constraint represents all the combinations of goods and services that can be purchased by a consumer given price and income.

I hope my answer helps you.

4 0
3 years ago
Ridgewood Company had the following ending balances on its financial statements: 2018 2019 2020 Prepaid insurance $1,400 $ 900 $
Radda [10]

Answer:

B $12,300

Explanation:

Note that the movements in the prepaid insurance account balance is as a result of payments and amortization of these expenses as they fall due. While additional payments increases the prepaid insurance balance, amortization reduces it.

Given that the ending balance in the Prepaid insurance account for 2018 is  $1,400. This is the opening balance for prepaid insurance in 2019. Given that the insurance expense for 2019 is $12,800 and the ending balance in the Prepaid insurance account for 2019 is $900

Let the amount paid in 2019 be r

Then

$1,400 + r - $12,800 = $900

r = $900 + $12,800 - $1,400

r = $12,300

The right answer is B $12,300

7 0
3 years ago
For luxury carmakers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet thes
dimaraw [331]

Answer:

C) loyalty to the brand

Explanation:

Brand loyalty refers to a customer's personal attachment to a brand, e.g. some people really like certain car brands and to them, they are the best cars in the world, and no one should dare say the opposite in front of them.

Lowest end models generally attract younger buyers, and if they develop brand loyalty, they will keep buying the same brand over and over again. Their future cars will generally be larger and more expensive ones also.

This is one of the reasons why Cadillac's sales are continuously falling, since for decades they only focused on elder and wealthier customers, who are really old now.

4 0
3 years ago
Read 2 more answers
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