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harina [27]
3 years ago
6

he actual cash received from cash sales was $10,680 and the amount indicated by the cash register total was $10,648. Journalize

the entry to record the cash receipts and cash sales. For a compound transaction, if an amount box does not require an entry, leave it blank.
Business
1 answer:
statuscvo [17]3 years ago
6 0

Answer:

The journal entry to record the day's sales would include

Debit     Cash                  $10,648

Debit     Cash shortage  $32

Credit    Sales                 $10,680

Explanation:

Total Sales is $10,680, so the sales will be recorded by this amount. The cash is $10,648, so it will also be recorded by the same amount. A debit entry will be placed to reflect the effect of this transaction as there is a cash shortage.

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Type the correct answer in the box.
sveticcg [70]

Answer:

Capital

Explanation:

Factor of production are defined as resources or input that are used in production process to get output.

The factors of production includes land, labour, and capital.

Although these are not part of the final product , they facilitate production.

In the given scenario Louis is planning to raise funds for her new business venture.

This is an activity aimed at raising capital for the business.

Capital is a sum of money that is used to start or run a business.

6 0
3 years ago
Eugene and Velma are married. For 2020, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate retur
katrin2010 [14]

Answer:

$21,950

Explanation:

Based on the information given Assuming both of them do not live in a community property state Eugene's taxable income will be calculated as:

Income Earned (Velma) $30,000

Less Eugene's itemized deductions ($4,000)

Less Standard deduction ($4,050)

Eugene's taxable income$21,950

Therefore Eugene's taxable income will be $21,950

5 0
3 years ago
5. What is the real rate of interest for an account that offers a 12% nominal rate of return when the rate of inflation is 6% an
Gelneren [198K]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 12%

Inflation rate= 6%

<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.

Real interest rate= 0.12 - 0.06= 0.06

8 0
3 years ago
You will be administratively suspended if you have a breath or blood alcohol level of ____ or above or refuse to submit to a che
olga nikolaevna [1]
As per ALS or administrative license suspension or revocation, a blood alcohol concentration of 0.08% or higher will automatically suspend you administratively aside from refusing to submit a chemical test. Automatically, licenses will be confiscated and will be suspended of criminal proceedings independently.
7 0
4 years ago
What is the difference between C2C and B2C e-commerce?
Svetradugi [14.3K]

Answer:

C2C means consumer to consumer transactions while B2C is a business to consumer transaction and represents a transaction between a business and consumers.

Explanation:

In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

<em><u>The difference between a C2C and a B2C is given below;</u></em>

C2C is an acronym for consumer to consumer in e-commerce and it is a business model that involves the trading of goods specifically between consumers. This simply means that, in C2C both the buyer and seller is a consumer.

On the other hand, a B2C is a business model which means business to consumer and it is typically a market which involves businesses selling their goods and services directly to the end consumers for their personal use.

7 0
4 years ago
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