Answer:
I don't know what are the options available but I know how to account for the cash discounts. For example if the company $10 of discount to the customer for purchasing $100, then the accounting treatment will be as under:
Dr Cash discount (Expense in nature) 10
Dr Cash Received 100
Cr Sales 110
At Walmart, the top 200 CDs account for more than 90 percent of the music sold: (A) TRUE
<h3>
What do we mean by Walmart?</h3>
- According to the Fortune Global 500 list in May 2022, Walmart is the world's largest company by revenue, with approximately US$570 billion in annual revenue.
- It is also the world's largest private employer, with 2.2 million employees.
- The Walton family controls the company, so it is a publicly traded family-owned business.
- In 1972, Walmart was listed on the New York Stock Exchange.
- By 1988, it had become the most profitable retailer in the United States, and by October 1989, it had become the biggest in terms of revenue.
- It is headquartered in Bentonville, Arkansas, and operates a chain of hypermarkets (also known as supercenters), discount department stores, and grocery stores throughout the United States.
- The top 200 CDs account for more than 90% of music sold at Walmart.
Therefore, the statement" at Walmart, the top 200 CDs account for more than 90 percent of the music sold" is (A) TRUE.
Know more about Walmart here:
brainly.com/question/6641095
#SPJ4
Answer: $28.30
Explanation:
Given the following :
Expected Dividend = $1.70
Earning from share sale at year end = $30
Expected rate of return on investment = 12%
Maximum price of stock :
(Earning from share + expected Dividend) / (1 + return rate)
(30 + 1.70) / ( 1 + 12%)
(30 + 1.70) / (1 + 0.12)
(31.70) / (1.12)
= $28.303571
= $28.30
Answer:
1. Method(s) available to the parent for internal record-keeping - (A) Initial value method
2. Easiest internal record-keeping method to apply. - (F) Initial value method, partial equity method, and equity method.
3. Income of the subsidiary is recorded by the parent when earned. - (E) Partial equity method and equity method but not initial value method.
4. Designed to create a parallel between the parent's investment accounts and changes in the underlying equity of the acquired company. - (C) Equity method.
5. For years subsequent to acquisition, requires the *C entry. - (B) Partial equity method.
6. Uses the cash basis for income recognition. - (D) Initial value method and partial equity method but not equity method
7. Investment account remains at initially recorded amount. - (C) Equity method.
8. Dividends received by the parent from the subsidiary reduce the parent's investment account. - (E) Partial equity method and equity method but not initial value method.
9. Often referred to in accounting as a single-line consolidation. - (A) Initial value method
10. Increases the investment account for subsidiary earnings, but does not decrease the subsidiary account for equity adjustments such as amortizations - (A) Initial value method
