1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
77julia77 [94]
3 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]3 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.            

You might be interested in
An auditor most likely will review an entity's periodic accounting for the numerical sequence of shipping documents and invoices
USPshnik [31]

Answer:  C - Valuation & Allocation

Explanation: Auditors review of a company's shipping documents & invoices is to ascertain the correctness of the figures in the financial statement.

Auditors will have to value the transaction using the invoices and other documents available for the transaction and to to verify that the costs are allocated correctly.

3 0
3 years ago
Some companies now use online advertising campaigns and contests to help develop better goods, services, or ideas. This is most
Amanda [17]

The scenario illustrated by the company is related to promotion in marketing mix.

<h3>What is promotion?</h3>

It should be noted that promotion is the marketing communication that's used to inform the audience about a good.

In this case, since the companies use online advertising campaigns and contests to help develop better goods, services, or ideas. This depicts promotion.

Learn more about marketing on:

brainly.com/question/25754149

3 0
2 years ago
Convenience goods like Coke are available almost everywhere in the United States. Thus, Coke uses ______ distribution:
Doss [256]

Convenience products like Coke are available almost everywhere in the United States. Thus, Coke uses intensive distribution, which is related to the strategy of making the product available at many different retailers.

This is a marketing strategy widely used by companies that supply non-durable consumer goods, which are those that are consumed quickly, such as food, beverages and medications.

Therefore, non-durable goods such as Coke need to be replenished quickly, justifying the company's intensive distribution strategy, which makes its products easily available to consumers, increasing its profitability and positioning.

Learn more here:

brainly.com/question/3520708

7 0
2 years ago
How can international trade agreements lead to economic growth
LUCKY_DIMON [66]
To answer the question above on how can international trade agreements lead to economic growth is that it can boost the country's development special to the third world country or other poor country that needs to open their market benefiting that it earns because of more investments coming in.
3 0
3 years ago
An investor in Treasury securities expects inflation to be 1.6% in Year 1, 3.05% in Year 2, and 3.85% each year thereafter. Assu
mixer [17]

Answer:

The difference between two securities is 0.89%.

Explanation:

Inflation premium for the next three and five years:

Inflation premium (3) = (1.6% + 3.05% + 3.85%) ÷ 3

                                  = 2.83%

Inflation premium (5) = (1.6% + 3.05% + 3.85% + 3.85% + 3.85%) ÷ 5

                                  = 3.24%

Real risk-free rate = 2.35%

Since default premium and liquidity premium are zero on treasury bonds, we can now solve for the maturity risk premium:

Three-year Treasury securities = Real risk-free rate + Inflation premium (3) + MRP(3)

6.80% = 2.35% + 2.83% + MRP(3)

MRP (3) = 1.62%

Similarly,

5-year Treasury securities = Real risk-free rate + Inflation premium (5) + MRP(5)

8.10% = 2.35% + 3.24% + MRP(3)

MRP (5) = 2.51%

Thus,

MRP5 - MRP3 = 2.51% - 1.62%

                         = 0.89%

Therefore, the difference between two securities is 0.89%.

4 0
3 years ago
Other questions:
  • Deer Lake Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor
    9·1 answer
  • Patterson Lawn Co. wants to determine the cost of each lawn care maintenance job. The Company has two operating departments, one
    10·1 answer
  • Identify the equilibrium price and quantity of blueberries before the introduction of a price ceiling. Identify and quantify the
    14·1 answer
  • During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to sharehol
    9·1 answer
  • If there is an increase in the money supply that causes money to lose its purchasing power and leads to inflation, what happens
    6·2 answers
  • Entrepreneurs drive innovation in a free-market system by introducing ________.
    8·1 answer
  • For most young people, working full-time and going to school are substitutes: You tend to do one or the other. When it’s tough t
    7·1 answer
  • The process of monitoring activities to ensure that objectives are being accomplished as planned and corrections made where sign
    15·1 answer
  • What is the step by step process of making money in the united states?
    14·1 answer
  • Cheese Mart LLC sells cheese to Pizza Palace for $1,500. Pizza Palace uses the cheese to make pizzas, selling them to consumers
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!