Answer:
Correct option is (b)
Explanation:
3/10, net 20 is a payment term used for goods sold on credit. This means a 3% discount is given on payment due by the customer if the payment is made within 10 days. Otherwise, full payment need to be made in 20 days.
Here, goods were sold on March 17 and payment was made within 10 days that is 25 March. So, Fredo is entitled to receive 3% discount.
Total amount due is $15,000
3% discount = 0.03 × 15,000 = 450
Remaining amount paid = 15,000 - 450 = $14,550.
So, Jackal recorded revenue of $14,550
Answer: False
Explanation:
An implied contract is when two or more parties have no written contract, but there is an obligation based on fairness. A bilateral contract is an agreement between two parties whereby each person agrees to fulfill his or her side of the bargain
An executory contract is a contract which has not yet been fully performed and both sides still have important performance remaining. The contract is not an implied, bilateral, executory contract.
Answer:
HI SOORY
Explanation:
I HOPE U DONT MIND BUT IN WNATED TO GIVE MY BRO SOME POINTS
Answer:
The percentage of non-discounted sales
Explanation:
To find out the percent of account receivable we will have to carry out the following mathematical calculations:
1. The amount of discount given of on the total sales:
Discount % on a single product multiplied by the total sales.
2. Total sales minus the answer in 1 will give us the amount receivable.
Total sales minus total discount given.
3. Divide the answer in 2 by total sales and then multiply by 100.
Account receivable %= <u>Total sales - ( total discount given )</u> * 100
Total Sales
A fixed expense<span> is an </span>expense<span> that will be the same total amount regardless of changes in the amount of sales, production, or some other place</span>
