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mixas84 [53]
2 years ago
5

Barton Health Services provided care to a patient worth $1,200. Because the patient was over the age of 65, Barton granted the p

atient a 20% discount and the customer paid the correct amount in cash. How would Barton record the service transaction?
A. Cash 960
Service Revenue 960
B. Cash 960
Trade Discount 240
Service Revenue 1,200
C. Cash 1,200
Service Revenue 1,200
D. Cash 1,200
Trade Discount 240
Service Revenue 960
Business
1 answer:
musickatia [10]2 years ago
7 0

Answer:

A. Cash 960

Service Revenue 960

Explanation:

In the given transaction, the trade discount is not shown in the recording of the journal entry but the effect is to be seen in the journal entry.

Since the cash is paid for providing the service and give the patient a 20% discount.

So, the discount amount would be equal to

= Service cost × discount rate

= $1,200 × 20%

= $240

And, the journal entry would be shown below:

Cash A/c Dr       $960

    To Service Revenue $960

(Being service is provided for cash and discount is given)

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Answer:

The correct answer is "$ 30.34".

Explanation:

The value of the stock can be computed by the following formula:

⇒  \frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2}  + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3}  + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]

On putting the values, we get

⇒  \frac{1.50}{1.08^2}  + \frac{1.60}{1.08^3}  + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [  \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]

⇒  \frac{1.50}{1.08^2 } + \frac{1.60}{ 1.08^3 } + \frac{37.80}{ 1.08^4  }

⇒  30.34 ($)

8 0
3 years ago
Which of the following scenarios is an example of irrelevant media? A. Graphics that need to be split up and appear on two pages
gogolik [260]
I think the answer is C but don’t quote me on that
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BTC, a consulting company with offices across the United States, began an employee discussion forum on its website. A few employ
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Answer:

c) moderators.

Explanation:

Since BTC doesn't want to limit employee interaction, but at the same time, it would like to limit what employees can write. The use of moderating features of a discussion forum through the service of a moderator will help them achieve this effectively and efficiently.

A moderator is a neutral individual who has the sole responsibility and skill set to preside and regulate discussions, by ensuring participants do not stray off from the subject matter and the time allotted to them.

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Answer:

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