Answer:
June 3
Account Receivable $7,000 (debit)
Service Revenue $7,000 (credit)
June 8
Cash $4,500 (debit)
Discount allowed $500 (debit)
Accounts Receivables $5,000 (credit)
November 15
Bad Debt $1,500 (debit)
Accounts Receivables $1,500 (credit)
Explanation
The above transactions must be adjusted as they affect our transactions at the reporting date. Remember to grant the cash discount on early settlement of the payment made on June 8. The policy of sales on account is on the terms of 2% cash discount on payments made within 10 days.
Answer and Explanation:
The correct journal entry to record the impact of this tax rate change is shown Below:
Income Tax Expense $5,000
To Deferred Tax Assets $5,000
(being the income tax expense is recorded)
here the income tax expense is debited as it increased the expense and credited the deferred tax assets
So, the same should be considered
Answer:
e.
Explanation:
One of the goals of value-based marketing is to offer greater value than competitors offer. Therefore you are advertising to customers the value that your company/product can provide that the competitors cannot. Therefore attracting customers towards your product and in term increasing both sales and profit for your company.
Answer:
b. $40,000
Explanation:
Calculation for What additional money Carland National Bank can create
Using this formula
Additional money=Total Reserves-(Demand Deposits*Reserve requirement percentage)
Let plug in the formula
Additional money = $60,000 -( $200,000*10%)
Additional money = $60,000-$20,000
Additional money = $40,000
Therefore the additional money Carland National Bank can create will be $40,000
Hello,
I believe your answer would be "two strengths one threat"
Thanks,
