if a merchandiser records a debit to accounts receivable and a credit to sales revenue, they have most likely Credit sales recorded.
We have accounts receivable as an asset account and the sales have already been made. Sales revenue has been generated and will be credited to accounts receivable. Sales revenue is a source of income, and accounts receivable are sources of assets.
Some credit sales have clauses, such as interest income clauses, that state that if a payment is not made, an amount will be received after a certain amount of time has passed.
Credit sales are transactions in which the outstanding balance will be paid at a later time. In other words, credit sales refer to transactions in which customers make purchases but do not pay in full, in cash, at the time of the transaction.
learn more about sales revenue here
brainly.com/question/13910616
#SPJ4
Answer:
13,860 possible combinations
Explanation:
If you have 10 appetizers, 11 main courses and 3 desserts from which to choose from, and you can only select 6 appetizers, 8 main courses and 2 desserts, you can choose this may combinations:
= [8! / 6!(8 - 6)!] x [11! / 8!(11 - 8)!] x [3! / 2!(3 - 2)!]
- 11! = 11 x 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 39,916,800
- 8! = 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = 40,320
- 6! = 6 x 5 x 4 x 3 x 2 x 1 = 720
- 3! = 3 x 2 x 1 = 6
- 2! = 2 x 1 = 2
= [40,320 / 720(2)] x [39,916,800 / 40,320(6) x [6 / 2(1)]
= (40,320 / 1,440) x (39,916,800 / 241,920) x 3
= 28 x 165 x 3 = 13,860
Answer:
Elisha's basis in the partnership interest on December 31 is $339,525
Explanation:
In order to calculate Elisha's basis in the partnership interest on December 31 we would to calculate the following formula as follows:
Elisha’s basis=cash contributes + liability/2 +reported net income/2 + partnership borrowship/2 + partnership obligations/2=
Elisha’s basis= $227,520+ $151,680/2 + $35,550/2 + $23,700/2 + $9,480/2
Elisha’s basis=$339,525
Elisha's basis in the partnership interest on December 31 is $339,525
Answer:
c. 179,811
Explanation:
The computation of the number of shares of stock sold for expansion is shown below:
The Number of shares is
= (Fund for growth + Legal and filing fees) ÷ Net price after underwriter spread
= ($6,800,000 + $352,000) ÷ (43 × (1 - 7.5%))
= $7,152,000 ÷ $39.775
= 179,811 shares
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$0.008891/Yen
Explanation:
The computation of arbitrage free rate is shown below:-
Fair forward rate = Spot rate × (1 + Interest rate US) ÷ (1 + Interest Rate Japan)
= 0.008828 × (1 + 5.25%) ÷ (1 + 4.5%)
= $0.00889135885/Yen
or
= $0.008891/Yen
Therefore for computing the arbitrage free rate we simply applied the above formula.