1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melomori [17]
3 years ago
5

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

Business
1 answer:
erastova [34]3 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.

You might be interested in
ASAP PLEASE HURRRY!
BartSMP [9]

Answer:

Hometown cooking, A restaurant, is owned and operated be Mrs.Jones.

Explanation:

Have a nice day :3

5 0
3 years ago
According to liquidity preference theory, the money-supply curve would shift rightward a. if the Federal Reserve chose to increa
Dmitrij [34]

According to liquidity preference theory, there is a rightward shift in the money supply curve when the federal reserve decides to raise the money supply.

Option A is the correct answer.

<h3>What is a federal reserve?</h3>

The federal reserve is the central banking authority in America which was established in the year 1913 under the Federal Reserve Act.

When the federal reserves increase the money supply then the money supply curve moves in the right direction and when the federal reserve decreases the money supply then the money supply moves toward the left. This shows a direct relationship between the federal reserve and the money supply curve.

Therefore, there is a rise in money supply by the Federal reserve causing the money supply curve to shift in the right direction.

Learn more about the rise in money supply in the related link:

brainly.com/question/26000265

#SPJ1

4 0
2 years ago
One of the differences in accounting for a process costing system compared to a job order system is that the amounts used to tra
AlekseyPX

Answer:

The correct answer is letter "A": true.

Explanation:

Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.

7 0
3 years ago
Larry decided to relocate to Germany. Larry hired Happy Homes, Inc. to find a buyer and contract for the sale of his house in th
Dominik [7]

Answer:

True

Explanation:

The relationship between Larry and Happy Homes, Inc. has to be a written agreement. This is because the agreement is a contract between both Larry and Happy Homes Inc. involving the sale of his house which he has given Happy Homes the right to find a buyer for.

So when Happy Homes, Inc. find a buyer, Larry will be notified and the processes will take place as stated in the contract between Larry and Happy Homes, Inc.

cheers.

4 0
3 years ago
Read 2 more answers
Lucy has just finished washing her car and is now checking its oil level. The oil dipstick shows her car’s oil is below the "Low
dlinn [17]

Answer:

recognition phase

Explanation:

There are 5 phases in the consumer decision-making process:

  1. recognition: the customer realizes that he/she has an unsatisfied need or problem that must be satisfied or solved. In this case, Lucy realized that her car needs more oil and she has to purchase some.
  2. information search
  3. evaluations of alternatives
  4. purchase
  5. evaluation of decision
3 0
3 years ago
Other questions:
  • __________ is setting a price for products that must be used along with a main product, such as blades for a razor and games for
    10·1 answer
  • Which questions can help someone who is starting to think about personal vision and goals? Select all that apply. What activitie
    10·2 answers
  • Why do we have to pay taxes
    8·1 answer
  • Explain why two employees at a company, earning the same gross pay, might have different net pays
    13·1 answer
  • Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
    12·1 answer
  • A small assembly line currently produces 8000 widgets per week. Assume that there are two inputs: labor and materials. There are
    11·1 answer
  • Marigold Company sells one product. Presented below is information for January for Marigold Company.
    11·1 answer
  • CORRECT ANSWERS ONLY!
    7·1 answer
  • 1. Employees at a call centre have earned a bonus of 0.25% of their salary. The bonus that an
    10·1 answer
  • When an employee/shareholder receives a business incoLogan, a 50-percent shareholder in Military Gear Incorporated (MG), is comp
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!