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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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If in the short run, firms in monopolistic competition _________, new firms will enter the market.
alukav5142 [94]

If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.

A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.

Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.

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2 years ago
The proprietorship form of business organization Question 5 options: must have at least two owners in most states. generally rec
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Answer:

generally receives favorable tax treatment relative to a corporation.

Explanation:

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But in this it received the favorable tax treatment as compared with the corporation

8 0
3 years ago
Orange Inc., an orange juice producer with a current debt-to-equity ratio of 2, is considering expanding its operations to produ
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Answer:

8.25%

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Orange, Inc. should calculate the MARR (minimum acceptable rate of return) for this project using the following:

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This calculation is similar to calculating a company's WACC since you must determine the weighted cost of financing the project.

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3 years ago
Suppose Brian is in the market for a used textbook and the campus bookstore is having a sale. If the initial price of the used b
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Answer:Percentage change  in the book price =7.17%

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4 0
3 years ago
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