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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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An aging of a company's accounts receivable indicates that the estimate of uncollectible receivables totals $4,705. If Allowance
Vaselesa [24]

Answer:

Debit to bad debt expense for $3,648

Explanation:

This is because the company needs to show the total amount in the Allowance for doubtful accounts as credit balance. It means that if for instance the balance today is $1,057 you'll need a new entry to adjust the balance with the bad debt.

It means that the entry must be a debit in bad debt expense for $3,648 while the corresponding credit goes to allowance for doubtful accounts.

4 0
3 years ago
What is the standard deviation of a portfolio of two stocks given the following data: Stock A has a standard deviation of 18%. S
Lerok [7]

Answer:

Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, and the correlation coefficient between the two stocks is -.23. A) 9.7% B)

Explanation:

Stock B has a standard deviation of 14%. The portfolio contains 40% of stock A, the portfolio contains 60% of stock B, and the correlation coefficient between the two stocks is -.23. A. 9.7% B. 12.2% C. 14% ... The standard deviation of return on investment A is .10, while the standard deviation of return on investment B is .05.

5 0
3 years ago
Sheffield Corp. is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the
son4ous [18]

Answer:

The correct decision would be to process further before product is sold

Explanation:

Profit if the product is sold un-assembled

Selling price                                          $135

cost of un-assembled product            ($60)

Profit on un-assembled  product         $75

Profit if the product is further assembled before sale

Selling price                                         $170

Cost of un-assembled product           ($60)

Cost of assembling product                ($25)

Profit if the product is assembled       $85

The profit increased by $10 if the product is further assembled before it is sold.

Hence the best course of action would be to further assemble the product before it is sold

7 0
4 years ago
Esthelt, an automobile manufacturing company, has a shortage of engineers who are capable of operating computer-controlled machi
Sphinxa [80]

Answer:

c. technical skills

Explanation:

Technical skills -

It refers to the knowledge or the information necessary to perform a particular task , is referred to as the technical skill .

The knowledge of scientific activities , mathematics , technology , mechanical information , is important to be learn technical skills  .

Hence , from the given scenario of the question,

The  correct option is c. technical skills .

3 0
4 years ago
The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where
Tema [17]

Answer: Dead weight loss-= $3750

Explanation:

QD = 800 – 10P

 QS = 50P – 1,000,

At equilibrium, quantity demanded is equal to quantity supplied , so we have that, equating the two equations becomes

800 - 10p = 50p - 1000.

800 + 1000 = 50p + 10p

1800 = 60p

p = $30.

QD= QS= 800 - 10*30 = 500 units

QD= QS= 50x30 -1000= 500 units

Qd = Qs = 500 units.

 When P = $25 by government putting a price ceiling, which is below the equilibrium price,it will  lead to more demand than supply in the market

QD = 800 – 10P

QD= 800-10X25

QD=800-250= 550units

QS = 50P – 1,000,

Qs = 50 X25  - 1000

= 1,250-1000

QS = 250 units.

When quantity demanded =250units as a result of  Quantity supplied  at 250units. we will  have our new price to be

QD = 800 – 10P

250 = 800 - 10p

10p = 800 -250

10p = 550

p = $55.

To calculate  Dead weight Loss, we use the formulae,

0.5 x  (P2 - P1)  x (Q1 - Q2) where P1 and P2 are old and new prices and Q1 AND Q2 are old and new quantities

DWL = 0.5 x (55-25) X (500-250)

= 0.5 x 30x 250

Dead weight loss = $3750.

6 0
3 years ago
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