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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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Answer:

Usually right between 100,000 and 600,000.

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2 years ago
A strategy that focuses on increasing the attractiveness of a product is referred to as a​
NARA [144]

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Differentiation strategy

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3 years ago
Price discrimination is a rational strategy for a profit-maximizing monopolist when A. consumers are unable to be segmented into
creativ13 [48]

Price discrimination is a rational strategy for a profit-maximizing monopolist when there is no opportunity for arbitrage across market segments.

<u>Option: C</u>

<u>Explanation:</u>

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7 0
3 years ago
Fatima finds an article on march 16, 2014 titled "benefits of laptops" on the technologynow website. the article was written on
padilas [110]

In citing the source in MLA format, Fatima should place the title as the first to be read or written, followed by the author and citation in the end. So it should be, “Benefits of Laptops” by Michael Gray. Technology Now, August 2, 2013. Web. March 16, 2014.

6 0
4 years ago
Read 2 more answers
IBM expects to pay a dividend of $2 next year and expects these dividends to grow at 6​% a year. The price of IBM is $90 per sha
Elena-2011 [213]

Answer:

Cost of equity = 8.22%

Explanation:

Cost of equity = Dividend per share /current market value + growth rate of dividend  

Cost of equity = 2/90 + 6%

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7 0
3 years ago
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