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andrew-mc [135]
3 years ago
7

A received payment within the discount period for previously merchandise sold will be recorded with a __________.

Business
2 answers:
timofeeve [1]3 years ago
6 0
D. None of the above
Because
The amount of discount recorded as expenses in income statement and the merchandise sold recorded as revenue
Alona [7]3 years ago
3 0
The correct answer to the question is letter A. Credit to an asset account.
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ne of the most common mistakes new business owners make is A. not establishing a good relationship with a financial institution.
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One of the most common mistakes new business owners make is C. setting unrealistic goals
As a new business owner, you have to determine your goal for your business which is achievable.
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4 years ago
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The income statements for Federer Sports Apparel for 2022 and 2021 are presented below.
klemol [59]

Answer and Explanation:

The Preparation of horizontal analysis for 2022 using 2021 as the base year is prepared with the help of a spreadsheet.

Horizontal analysis is a method for the analysis of financial statements that indicates fluctuations in the amount of the related products over a period of time. It is a valuable instrument for determining trend situations.

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4 0
3 years ago
An online buying club offers a membership for $115, for which you will receive a discount of 10 percent on all brand-name items
Vikki [24]

Answer:

$1,150 worth of items

Explanation:

Given that,

Club offers membership = $115

Discount of all brand name purchase = 10%

Therefore, to cover the cost of membership,

You would have to purchase = 115 ÷ 0.10

= 1,150.

So, you have to buy items worth $1,150 to cover the cost of the membership.

Note that,

Discounts are a reduction in the original cost of a commodity, usually done in order to attract customers.

6 0
4 years ago
Assume Ireland and Mauritania can both produce grain and dates, and that the only limited resource is the farming labor force, m
vesna_86 [32]

Answer:

Mauritania has an absolute advantage in the production of dates

Neither countries have an absolute advantage in the production of grains

Explanation:

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Ireland and Mauritania produces 10t grains. None of the countries have an absolute advantage in the production of grains

Mauritania produces 25t of dates while Ireland produces 5t of dates. 25 is greater than 5, so Mauritania has an absolute advantage in the production of dates

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3 years ago
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