Answer:
Explanation:
Debit Cash $20,188
Debit Sales Discounts $366
Credit Accounts Receivable $18,300
Sales Discounts is calculated by $18,300 x 0.02 = $366
Cash is calculated by ($20,820 - $2,520) * (1.00 - 0.02) = $17,934
Accounts receivable is calculated by $23,000 - $2,400 = $18,300
Answer: If a company emphasizes that "no purchase is complete until the customer is satisfied," then it's: "e. using a slogan to present their values to customers and employees.".
Explanation: The company seeks to communicate the values that represent the company and that employees must keep in mind when serving their customers through a phrase or slogan.
Answer:
2.4 years
Explanation:
Years Cash Cumulative Cashflow
1 8000 8000
<u>2 6000 14000</u>
3 5000 19000
4 4000 25000
5 <u>5000</u> 30000
<u>30000</u>
Payback period = 2 years + (16,000 - 14,000) / 5,000
Payback period = 2 years + 0.4 years
Payback period = 2.4 years
Answer:
The answer is: C) Debit supplies $1,000; credit cash $100 and credit notes payable $900
Explanation:
When assets increase, they are debited - so Supplies account should be debited.
When assets decrease, they are credited - so Cash account should be credited.
When liabilities increase, they are credited - so Notes Payable should be credited.
Answer:
D. its complements.
Explanation:
A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.