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Juliette [100K]
4 years ago
7

Discounts taken by a buyer because of early payment are recorded on the seller’s accounting records as Group of answer choices a

. Purchases discount b. Sales discount c. Trade discount d. Early payment discount
Business
1 answer:
alexandr402 [8]4 years ago
8 0

Answer:

B) Sales discount

Explanation:

For example, company A sells $100 in merchandise to company B on account under the following terms 2/10, n/30. The journal entry to record the initial transaction is:

Dr Accounts receivable 100

    Cr Sales revenue 100

If the buyer pays within the discount period, the journal entry should be:

Dr Cash 98

Dr Sales discount 2

    Cr Accounts receivable 100

Sales discount is a contra revenue account that lowers sales revenue.

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Suppose that electricity producers create a negative externality equal to $5 per unit. Further suppose that the government impos
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Answer:

They are equal

Explanation:

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A tax is levied on negative externality to reduce quantity produced to the social optimal quantity.

If the amount of tax is equal to the amount of total negative externality, then after-tax equilibrium quantity will be equal to social optimal quantity.

If the amount of tax is less than the amount is equal to the amount of total negative externality, then after-tax equilibrium quantity will be greater than the social optimal quantity.

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I hope my answer helps you

8 0
3 years ago
Read 2 more answers
Suppose that Ms. Thomson is currently exhausting her money income by purchasing 10 units of A and 8 units of B at prices of $2 a
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Answer:

D) should buy less b and more a.

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4 0
3 years ago
Which of the following best helps a company move toward achieving its
Oduvanchick [21]

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A. Goals and objectives

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Setting Goals and objectives sets you in a position to succeed. Doing this makes you organized and ready to face any challenges that you might face in order to achieve thos goals.

3 0
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Explanation:

Social factors are those factors that  arises from the  culture, environment, community, family, organisation, society, government, the state, the media, technology, religion, ideology, discourse, language, communication, surrounding an individual.

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The publix grocery store has a policy related to the non-acceptance of tip from customers but despite such policy the baggers accept tip from customer. The factor affecting the ethical behavior of Publix's employees are referred to as the <u>Social factors</u>

7 0
4 years ago
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