1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
15

MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% servic

e charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be
Business
1 answer:
aksik [14]3 years ago
8 0

Answer:

DR Cash................................................ $172.8 0

DR Credit card expense.......................$7.2 0

CR Sales.................................................................... $180

Explanation:

The bank will deduct a service charge of 4% before remitting the money so;

Cash = 180 * ( 1 - 0.04)

= $172.80

Credit Card expense

= 180 - 172.80

= $7.20

You might be interested in
1. A simple random sample of size 15 is drawn from a normal population whose standard deviation is assumed to be 8. What's the m
WINSTONCH [101]

Answer:

± 4.05

Explanation:

Data provided in the question:

Random sample size = 15

Standard deviation = 8

Confidence level = 95%

Now,

Margin of error is given as:

Margin of error = ± [ ( z × s ) ÷ √n ]

Here,

From standard z table for 95% confidence level z = 1.96

Margin of error = ± [ ( 1.96 × 8 ) ÷ √15 ]

or

Margin of error = ± [ 15.68 ÷ 3.873 ]

or

Margin of error = ± 4.05

7 0
3 years ago
Our last four periods had sales, from oldest to most recent, of 100, 200, 130, and 300. what is the three-period ma
masya89 [10]
<span>Sales during the last four periods are in the order from older to recent as 100, 200, 130, and 300. Moving average is a successive average calculated from the successive segments. So the third month moving average MA3 = (200 + 130 + 300) / 3 = 630 / 3 = 210 So the answer is 210.</span>
6 0
3 years ago
At Nanclet, a market research firm, whenever a particular team needs to hire people, the human resource (HR) department conducts
Tju [1.3M]

Answer: Structure interview

Explanation:

A structured interview is a form of interview used by an organization in order to ensure that each interview is presented to each candidate with exactly the same questions and also in the same order.

It is a standardized way of interviewing the candidates for a job based on the particular needs of the job the candidates applied for. The candidates are asked same questions irrespective of their qualifications or experience.

5 0
3 years ago
A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in thr
dmitriy555 [2]

Answer:

The price of the bond is closest  $101.36  

Explanation:

It is noteworthy that a rational investor pays for a bond today the cash flows derivable from the bonds in future discounted to today's terms.

The future cash flows comprise of the yearly coupon interest of $5.5(5.5% *$100) for 3 years as well as the repayment of the principal $100 at the end of year 3.

To bring the cash inflows today's term, we multiply them  them by the discounting factor 1/(1+r)^N , where is the yield to maturity of 5% and N is the relevant the cash flow is received.

The discounting is done in attached spreadsheet leading $ 101.36  present value today.

Download xlsx
7 0
3 years ago
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to th
scoundrel [369]

Answer:The output will be $billion and the price level will increase.

Explanation:Long term accommodative policies by government causes a shift to the right of aggregate demand curve in response to the left shifting of the aggregate supply curve in the short run.

This change will definitely cause an increase in aggregate demand without a corresponding increase in aggregate supply to meet the demand.

In doing this the government aims to permanently higher prices in order to restore employment and output to it's original level.

3 0
3 years ago
Other questions:
  • The Second Bank of the United States was controlled by __________.
    5·2 answers
  • Gourd Supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer se
    14·2 answers
  • The higher the percentage of the active ingredient in a drug
    12·1 answer
  • In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,
    6·1 answer
  • Dr. Duran was asked by company X to develop a selection system for hiring new employees and to revise the existing performance a
    7·1 answer
  • At equilibrium in a market for a product, the total revenues received by sellers equal the
    12·1 answer
  • Munoz Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different u
    8·1 answer
  • The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on J
    11·1 answer
  • Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
    14·1 answer
  • True or false. The first word of your answer has to be either true or false.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!