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mylen [45]
3 years ago
7

The entry to record the receipt of payment within the discount period on a sale of $1500 with terms of 2/9, n/30 will include a:

________.
A) credit to Sales Discounts for $30.
B) credit to Accounts Receivable for $1500.
C) credit to Sales Revenue for $1500.
D) debit to Sales Revenue for $1470.
Business
1 answer:
nikdorinn [45]3 years ago
4 0

Answer:

B) credit to Accounts Receivable for $1500.

Explanation:

The journal entry to record the given transaction is as follows

Cash $1,470

Sales discounts $30          ($1,500 × 2%)

        To Account receivable $1,500

(Being the receipts of payment is recorded)

While recording this transaction we debited the cash as it increased the assets plus the sales discount is also debited and at the same time we credited the account receivable as it decreased the asset

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My boss does not get the technical aspect of the job my group is trying to complete. I understand the intricacies of the project
Setler79 [48]

The given situation is called as “Expectation Management”

<u>Explanation: </u>

"The management of expectations is one of the most powerful weaponry in psychological warfare. In managing expectations people instinctively disregard other people's thoughts and then use the technique intentionally, considering own ideas as they reveal them to other people."

The manager knows just well the essence of your venture, his point of view is a little different from yours and you have to understand his point of view (or even more) because he wants to comprehend yours.

Therefore, the manager is less involved in the execution and the technical aspects of operation than can the performance and how it works to meet its organizational goals. And that's how you should refer to the manager. Clearly, your ability to provide is limited, depending on how many hours you work every day.  

Any requests he makes, create scope, calculate the cost (how fast), and ask him to give priority to other demands. On this basis, you can determine when you can provide what.

6 0
4 years ago
Analysts estimate that a bond has a 40 percent probability of being priced at $950 and a 60 percent probability of being priced
AnnZ [28]

Answer:

Explanation:

40% probability that bond will be priced at $950

60% probability that bond will be priced at $1050

Expected value of the bond in one year:

(Probability*Price of bond) + (Probability * Callable price bond)= (0.4*$950)+(0.60*$1010)=$986

So, expected value is $986

8 0
4 years ago
Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p
jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

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= $1,500 * 25%

= $375

6 0
3 years ago
_____________ are a form of financial instrument through which corporations and governments borrow money from financial investor
makkiz [27]

Answer:

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Bonds are financial instruments that are used to obtain funding from the bond holders. It is a debt security that is issued by a government or corporation to investors.

When investors buy bonds the funds are used by governments for its operations and various projects. Interest is paid on the bonds.

Bonds can be municipal bonds or corporate bonds.

Unlike shares bonds does not grant the holder an equity or ownership stake in the company, rather it grants a creditor stake.

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3 years ago
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andrew11 [14]
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
7 0
3 years ago
Read 2 more answers
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