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2 years ago

Which of the following journals would a company use to record cash collections from customers, net of discounts taken?

Business

1 answer:

erastova [34]2 years ago

6 0

Answer:

b. Cash receipts journal.

Explanation:

When cash will be collected from customers net of discounts cash receipts journal will be used.

As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.

Also, as there are no purchases purchase journal will also not be affected, and sales journal will be affected at time of sale but not at he time of receiving payments from customers.

Thus, correct answer is

b. Cash receipts journal.

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JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compou

skelet666 [1.2K]

Answer:

So after 5 year total amount will be $1781.529

So option (a) is correct option

Explanation:

We have given that JG Asset is recommending that you invest $1500 for 5 years at rate of 3.5%

So principle amount P = $1500

Rate of interest r = 3.5 %

Time n = 5 years

We know that when total amount is given by

$A=P(1+\frac{5.5}{100})^n$ , here r is rate of interest and n is time period

So amount after 5 years will be

$A=1500(1+\frac{3.5}{100})^5=$1781.52$

So after 5 year total amount will be $1781.529

So option (a) is correct option

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3 years ago

Socioeconomic market segmentation is another name for _____ segmentation.

Advocard [28]

I think the correct answer would be demographic segmentation. It is a type of market segmentation where the consumers are classified according to race, religion, family, gender and/or income. It is a way to help an organization target specific consumers.

7 0

3 years ago

Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. L

ladessa [460]

Owners of the company.

<h3>What is a stock of a company?</h3>

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

<h3>What is an owner of a company?</h3>

A company's "owner" is a person who owns all of the shares.
In contrast, a "co-owner" shares ownership of a business with one or more partners.
The owner, who is frequently the company's founder, is free to run their business however they like.

Therefore, Lorenzo and Lila are owners of the Double L Corporation.

Know more about stocks here:

brainly.com/question/1957305

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2 years ago

The practice of making false statements about a property in order to lower its value and increase the buyer’s profit is called:

ArbitrLikvidat [17]

Answer:

Blockbusting

Explanation:

The practice of making false statements about a property in order to lower its value and increase the buyer’s profit is called Blockbusting. Blockbusting is the method of convincing landlords to sell estate cheaply, which was done by the U.S. property agents and construction developers and they do this by developing terror in the people that people with different racial and class will be soon relocating in the neighborhood and hence benefiting via reselling at a more expensive cost.

3 0

2 years ago

A decrease in the price of eggs will result in

deff fn [24]

Well i guess there arent any options...but it wold most likely result in more people buying them but in a negative light paying people who get them less and the supplies they need to do so overall harder to get, but with more people buying a demand for it would be higher, and you can take what you want out of my answer i could go on for a while

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2 years ago