I would go with C because you need to hear the other person
Answer:
b) Debit Accounts Payable $8,250; credit Merchandise Inventory $82.50; credit Cash $8,167.50
Explanation:
Preparation of correct journal entry to record the payment on August 16
Based on the information given we were told that the company made a purchased of the amount of $9,750 of merchandise with terms of 1/10 and as well made returned of the amount of $1,500 worth of the merchandise while the full amount due was paid on August 16 which means that the journal entry to record the payment on August 16 will be :
Debit Accounts Payable $8,250
($9,500-$1,500)
Credit Merchandise Inventory $82.50
(1%×$8,250)
Credit Cash $8,167.50
[(100%-1%)×$8,250)]
Answer:
It is decreased by the sale amount
Explanation:
An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.
The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.
Answer:
Rate of return per quarter = 7.11%
Explanation:
<em>The rate of return is the percentage return earned if compounding is done quarterly. It can be worked as follows:</em>
r= (FV/PV - 1)- 1× 100
r- rate of return
FV= Future value of the investment after 48 months
PV= Amount invested now
Let the amount invested i.e PV be 10.
If the investment is tripped, the sum earned would be 3×10 = 30
DATA
FV- 30
PV- 10
n-48/3= 16
r= ?
r = ((30/10)^1/16 -1 )× 100
r= 7.1075 × 100 = 7.11%
r= 7.11%
Rate of return per quarter = 7.11%
Answer:
The correct answer is letter "C": Environmental scanning.
Explanation:
Environmental scanning refers to an analysis carried out by companies in an immediate and external atmosphere that will allow them to detect threats to counteract or mitigate them and opportunities from which the company can make a profit. Organizations engaged in environmental scanning are constantly reviewing different means of communication and conducting research that will keep them updated on market fluctuations.
