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Stells [14]
3 years ago
14

Record the purchase of services on account.On March 12, Medical Waste Services provides services on account to Grace Hospital fo

r $11,000, terms 2/10, n/30. Grace does not pay for services until March 31, missing the 2% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Business
1 answer:
Zinaida [17]3 years ago
7 0

Answer:

Explanation:

The journal entries are shown below:

On March 12:

Accounts receivable A/c Dr $11,000

    To Service revenue A/c            $11,000

(Being the revenue is recorded)

On March 31:

Cash A/c Dr $11,000

  To Accounts receivable A/c $11,000

(Being cash collection is recorded)

We do not consider the sales discount. Hence, ignored it

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Market segments are Multiple Choice all buyers of a product or service who have previously purchased a particular firm's product
Tcecarenko [31]

Answer:

Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.

Explanation:

Market segments are the relatively homogenous groups of prospective buyers that result from the market segmentation process.

A market segment is a category of customers who have similar likes and dislikes in an otherwise homogeneous market. These customers can be individuals, families, businesses, organizations, or a blend of multiple types.

Market segments are known to respond somewhat predictably to a marketing strategy, plan, or promotion.

7 0
4 years ago
Which of the following helps determine something's value?
Svetlanka [38]

Answer:

D. Both A and C

Explanation:

Items that are more useful and/or more rare, result in higher prices (and if both are true, even higher prices). If an item is rare but useless, the price would be lower. If an item is useful and not rare (think batteries or paper towels) the price lowers.

8 0
3 years ago
On average, someone with a Bachelor's degree is estimated to earn ____ times more than someone with a high school diploma.
Anna11 [10]

On average, someone with a Bachelor's degree is estimated to earn 84% more than someone with a high school diploma.

According to the analytics of National Center for Education Statistics (NCES), those who have college degrees can earn significantly more compared to those with only high school diploma.

6 0
3 years ago
Read 2 more answers
If total spending rises from one year to the next, then Select one: a. either the economy must be producing a larger output of g
DIA [1.3K]

Answer:

a. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both

Explanation:

Total Spending is the total values of goods & services produced & transacted ( bought, sold ) in an economy, during a period of time.

Total Spending = Price of goods,services x Quantity of goods,services

So, if the total spending increases : It implies that either the quantity of goods & services, or their prices, or both have increased. As, amount spent is a product of both of them.

8 0
3 years ago
Marble Construction estimates that its WACC is 10% if equity comes from retained earnings. However, if the company issues new st
IceJOKER [234]

Answer:

Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Explanation:

Based on the information given the set of projects that should be accepted should be the project that has higher Internal rate of return (IRR) than the Weighted average cost of capital (WACC) percentage of 10.8% . Hence, the set of projects that should be accepted are: Project A,B,C,D

Project Size IRR

A $650,000 14.0%

B 1,050,000 13.5

C 1,000,000 11.2

D 1,200,000 11.0

Total $3,900,000

Based on the above we can see that Project A,B,C,D has a total of $3,900,000 which is higher than the retained earnings amount of $2,500,000.

Therefore the set of projects that should be accepted should be Project A,B,C,D

6 0
3 years ago
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