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Elis [28]
2 years ago
10

Evergreen Company accepted credit card payments in exchange for $50,000 of services provided to customers. The credit card compa

ny charges a 3% service charge. Prepare the journal entry to record this transaction
Business
1 answer:
sasho [114]2 years ago
6 0

Answer:

Debit Cash/Bank   $48,500

Debit Service charge (p/l)   $48,500

Credit Accounts receivable  $50,000

Being entries to account for credit card payment of debt due from customers.

Explanation:

The credit card payment is a form of cash and cash equivalent that may be accepted by a company in place of  debt owed by another company (a customer).

This is usually at a fee and may be done to ease the company's liquidity. The actual receivable will then be collected from the customer by the credit card company. This is a form of debt factoring.

Service charge

= 3% * $50,000

= $1,500

Amount received = $50,000 - $1,500

= $48,500

The accounts to be adjusted include cash/bank account, service charge (p/l) and accounts receivable.

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Vinil7 [7]

Answer:

Option B: Societal

Explanation:

Societal Marketing was coined from the marketing concept. Marketers and consumers are collecting stocks of what is good for themselves, their family, their country, and the planet.

It involves means by which marketing looks for ways amd means to provide products and services to help consumers reach their goals and Target while also making profitable decisions for their companies.

It is useful to consumers' long-run best interest and help promoting good corporate citizenship.

3 0
2 years ago
According to Nobel economist Frederich von Hayek, law that secures __________ rights in modern society is a prerequisite to priv
katrin [286]

The rights which Nobel economist Friedrich von Hayek, law that secures and was a prerequisite to private enterprise is

  • Property Rights

<h3>What is Property Rights?</h3>

This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.

With this in mind, we can see that the main thing which Friedrich von Hayek believed was a prerequisite to private enterprise was property rights.

Read more about property rights here:
brainly.com/question/14106012

6 0
2 years ago
Explain what test marketing is and its purpose?​
prisoha [69]

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3 0
3 years ago
Scot and Vidia, married taxpayers, earn $90,400 in taxable income and $5,000 in interest from an investment in City of Tampa bon
EastWind [94]

Answer:

a) Since Scot and Vidia's ordinary income = $90,400 + $81,000 = $171,400, their marginal tax rate will be 24%, and they will owe $29,211 + [($171,400 - $171,500) x 24%] = $29,295 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

b) Since Scot and Vidia's ordinary income = $90,400 - $81,000 = $9,400, their marginal tax rate will be 10%, and they will owe $9,400 in taxes

They will also have to pay 15% of $5,000 (capital gains) = $750

4 0
2 years ago
Demand"" is a series of prices and the related quantities that consumers are willing and able to buy at a particular ___________
Nonamiya [84]

Answer:

given price in a given time period

Explanation:

Demand is the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. Each of us has an individual demand for particular goods and services and our demand at each price reflects the value that we place on a product, linked usually to the enjoyment or usefulness that we expect from consuming it. Law of demand  states that If the price of something goes up, people are going to buy less of it.The higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.  Demand is based on needs and wants a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand. What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.

7 0
3 years ago
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