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maria [59]
3 years ago
6

Hunter’s paradise sells merchandize on account to outdoor haven for $3,280, terms 2/10, n/30. what should the journal entry be t

o record this transaction for hunter’s paradise?
Business
2 answers:
Schach [20]3 years ago
4 0
These are payment terms in the accounting. The first term 2/10 means that if you can pay the amount after 10 days, you would be given a 2% discount. If not, that's what the second terms means. This means you have to pay the net or full amount within 30 days.

So, if he can pay within 10 days, he will only have to give $3214.4. If not, then he would have to pay $3280 within 30 days.
kirza4 [7]3 years ago
4 0

Accounts Receivable $3280

Sales Revenue $3280

In accounting, the terms 2/10 and n/30 mean that they gave Outdoor Haven a 2% discount if paid in 10 days however, if they take 30 days to pay in full the amount will increase by 2%.

You might be interested in
he following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on
dybincka [34]

Answer:

35.09%

Explanation:

Data provided as per the question

Gross profit on sales = $3,053,000

Sales = $8,700,000

The computation of gross profit in percentage is as shown below:-

= Gross profit on sales ÷ Sales

= $3,053,000 ÷ $8,700,000

= 35.09%

Therefore, for computing the gross profit in percentage we simply divide the gross profit with sales.

3 0
3 years ago
A lender lends $18,600, which is to be repaid in annual payments of $3100 for 6 years. Which of the following shows the timeline
givi [52]

Answer:

The correct option is option C

$18,600 $3,100 $3,100 $3,100 $3,100 $3,100 $3,100

Explanation:

Year0- $18600

Year1 - $3100

Year2 - $3100

Year3. $3100

Year5. $3100

Year6. $3100

That is the timeline of the loan from the lender's perspective.

4 0
4 years ago
Investors nearing retirement will typically shift their investment portfolios to include ________ risk investments.
likoan [24]
The answer to this question is A. Lower
Older investors tend to already establish a family and had to risk the future of their wives and children when they decided to pursue an investment
8 0
3 years ago
Organizing draws heavily on a supervisor conceptual skills, but leading requires good ________ skills.
Zanzabum

Organizing draws heavily on a supervisor conceptual skills, but leading requires good communication skills. Therefore, the option D holds true.

<h3>What is the significance of communication skills?</h3>

The communication skills of an individual can be referred to or considered as the degree of skills that a person possesses when he or she is involved in communication with others.

Good communication skills are considered as ideally indispensable to be able to lead a team or a group in an organization, which is completely in contrast to the skills required under organizing.

Therefore, the option D holds true and states regarding the significance of communication skills.

Learn more about communication skills here:

brainly.com/question/8421446

#SPJ4

The question seems to be incomplete. It has been added below for better reference.

Organizing draws heavily on a supervisor conceptual skills, but leading requires good ________ skills.

A. coordination

B. Interaction

C. Both A and B

D. Communication

4 0
2 years ago
Japan, with a high population density and a large number of urban centers that grew up before the automobile, has a retail syste
Hitman42 [59]

Answer:

Fragmented Retail system

Explanation:

A fragmented retail system can be defined as a market in which no firm can has or can exert any influence to move the market in a particular direction.

This simply means that a fragmented retail system is one in which no product or firm has a grip or major share in the market. This leaves the market to a lot of small and medium scaled businesses competing with larger companies.

From the question, it can be seen that there a lots of small stores that serves the neighborhood. This means that the small shops cater for the needs of people within its vicinity such that there isn't any need for visiting larger stores.

Cheers

3 0
4 years ago
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