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77julia77 [94]
2 years ago
13

On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu

stomer made the correct payment on November 17. How would Flores record the collection of cash on November 17?
Business
1 answer:
Licemer1 [7]2 years ago
3 0

Explanation:

The journal entry is as follows

On November 17

Cash A/c Dr                   $7,840

Sales Discount A/c Dr $160

                  To Accounts receivable    $8,000

(Being cash received recorded)

The discount would be

= Accounts receivable × percentage given

= $8,000 × 2%

= $160

The remaining amount would be credited to the cash account.            

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Luna wanted to convince the technology department at her company to install new accounting software. Some staff members supporte
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Luna realized that the undecided group was her target audience  so she focused most of her effort on them.

<u>Explanation: </u>

A targeted audience is a publication, advertising or other text.   It is a particular group of consumers in the standard target market of marketing and advertising, known as targets or recipients of a specific ad or email.

In the end, it all includes assessing relevance for a target audience profile. You will attract a customer more often if your services and the goods you deliver suit what your audience wants.  

If your customer you want is "everybody," it's very difficult for you to communicate in a deeper way with anyone. The more connected you are to others; the more likely you are to be a protector and a loyal user of your company.

7 0
3 years ago
The amount of interest you will earn in one year from a savings account is the _____.
Vitek1552 [10]
The Y in APY means yearly, the answer is APY
3 0
3 years ago
Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking a
IRISSAK [1]

Answer:

1.$20 per hour

2. Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

$40,000

Explanation:

1. Calculation to determine the capacity cost rate for the checking account process

Using this formula

Capacity cost rate= Total resources / Total checking processing hours

Let plug in the formula

Capacity cost rate= $400,000 / 20,000

Capacity cost rate= $20 per hour

Therefore the capacity cost rate for the checking account process is $20 per hour

2. Calculation to determine the activity rates for the four activities.

Processing accounts= 0.20 × $20

Processing accounts= $4 per account

Issuing statements= 0.10 × $20

Issuing statements= $2 per statement

Processing transactions= 0.05 × $20

Processing transactions= $1 per transaction

Answering inquiries= 0.15 × $20

Answering inquiries= $3 per inquiry

Therefore the activity rates for the four activities are:

Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

Calculation to determine the cost of the issuing statements activity If the total of issuing statement was 20,000

Using this formula

Cost of the issuing statements activity= Issuing statements*Total of issuing statement

Cost of the issuing statements activity

Let plug in the formula

Cost of the issuing statements activity= 20,000 × $2

Cost of the issuing statements activity= $40,000

Therefore the cost of the issuing statements activity is $40,000

7 0
3 years ago
1)What is human capital, and how is it different from strictly the quantity of workers available for work? Name three ways to in
Nitella [24]

Answer: Human capital means the qualities of the labour force as it relates to skill, knowledge, education

etc.

2. The quantity of workers available for work refers strictly to the total number of labour force that are ready for work at a particular time, it's different from human capital which includes the total number and other factors like education, skills etc

2B Three ways to improve a nation human capital are education, skills development program and mentoring.

3. Increase in size of labour force refers strictly to the numbers of labour force while increase in human capital refers to the number and quality of the labour force like skills and knowledge

6 0
3 years ago
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde
ValentinkaMS [17]

Answer:

• Cost of direct materials used $172,000

• Cost of direct labor $154,000

• Cost of goods manufactured $401,700

• Cost of goods sold $427,500

• Gross profit $1,472,500

Explanation:

Please see attached detailed solution to the above questions and answers.

7 0
3 years ago
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