To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
<h3>Payable cash account</h3>
Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:
Journal entry
Debit Payable Cash account
Credit Sales accounts
(To record customer's check in full payment)
Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
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Answer:
D) 3.48
Explanation:
Current Year Sales = $700
Growth rate = 15%
Projected Sales=$700*15% +$700
Which is $805
Required inventory = $30.2 + 0.25*projected sales
Req.Inv = $30.2 + 0.25($805)
Req.Inv = $231.45
Inventory turn over = projected sales/Req.inv
$805/$231.45
Inventory turn over = 3.48 times
Answer:
<h3>BILLS OF LADING / AIRWAY BILL. MARINE INSURANCE POLICY AND CERTIFICATE. BILLS OF EXCHANGE.</h3>
Answer:
The demand for gasoline is elastic .
Explanation:
The elastic demand which is also termed as the price elasticity of demand, according to this concept the demand for a good is sensitive to changes in the price of goods, that means (according to this question ) if the prices of gasoline are increased by the service station owner, than the demand for gasoline would decrease . Here the demand would change by same percentage , that price would change.
