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Yuliya22 [10]
3 years ago
14

Gershwin Wallcovering Inc. shipped the wrong shade of paint to a customer. The customer agreed to keep the paint upon being offe

red a 15% price reduction. Gershwin would record this reduction by crediting accounts receivable and debiting: a) Sales discounts. b) Sales. c) Sales returns. d) Sales allowances.
Business
1 answer:
nydimaria [60]3 years ago
8 0

Answer:

sales allowances

Explanation:

Based on the information provided within the question it can be said that Gershwin would record this reduction by crediting accounts receivable and debiting sales allowances. This refers to a lower selling price when a product is defective but the consumer agrees to keep it instead of returning it. Which is what happened in this scenario after the company offered a 15% price reduction.

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At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20,000
Ahat [919]

Answer:

correct answer is $142,000 credit

Explanation:

given data

retained earnings = $136,000 credit

revenues = $20,000

expenses = $12,000

purchased equipment = $5,000

paid dividends = $2,000

solution

we get here first net income that is

net income = revenues  - expenses  ...........1

net income = $20,000 - $12,000

net income = $8,000

now we get here balance in retained earnings that is

balance of retained earning = Retained Earnings + net income - dividends ..........2

balance of retained earning = $136,000 + $8,000 - $2,000

balance of retained earning = $142,000  credit

 so correct answer is $142,000 credit

4 0
3 years ago
If a company would still have a cash flow item even if they rejected potential new Project A, should this particular cash flow i
FrozenT [24]

Answer: No

Explanation:

When computing a project analysis for a project, only relevant cash flow should be included in the Project's cash flow analysis. Relevant cash-flow are those that will only occur if the project was embarked on.

If the cash flow in question is still going to occur even if the project wasn't initiated as is the case with Project A, it is not a relevant cash-flow and should not be included in the cash-flow analysis.

8 0
3 years ago
Which monarch prepares a speech which is broadcasted on Christmas Day?
Galina-37 [17]
Hey stop think go smoke easy up on the pain the smoke a calm u down I'k it's hard but I take them points now thanks
6 0
3 years ago
Which of the following institutions makes up the largest part of the Federal Reserve System organization
vlada-n [284]

The Correct answer choice for question 1 is : <u>Federal Reserve Banks</u>

<h3>What is Federal Reserve Banks?</h3>

While the Board of Governors is a sovereign government agency, the Federal Reserve Banks are set up like private companies. Member banks hold stock in the Federal Reserve Banks and earn profits. The Federal Reserve's interest is determined principally from the interest on U.S. government securities that it has received through open market operations.

                                                   AND

The Correct answer choice for question 2 is : <u>Buy government securities</u>

<h3>What is Recession?</h3>

A recession is a business cycle recession which occurs in a general slowdown in financial activity. Macroeconomic indicators such as GDP, finance spending, capacity utilization, household income, business profits, and inflation fall, while failures and the unemployment rate rise.

Therefore, we can conclude that the correct option of 1 is (B) and 2 is (A).

Your question is incomplete, but most probably your full question was:

1. Which of the following institutions makes up the largest part of the Federal Reserve System organization?

A. Board of Governors

B. Federal Free Market Committee

C. Federal Reserve Banks

D. Member banks and other depository institutions

2. If the United States falls into a recession, which action would the Federal Reserve take to encourage employment?

A. Buy government securities

B. Increase reserve requirements

C. Raise federal funds and prime rates

D. Sell government securities

Learn more about Federal Reserve System on:

brainly.com/question/999538

#SPJ4

7 0
2 years ago
Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div
Alina [70]

Answer:

B) dividing the change in total cost by the change in output

Explanation:

Marginal cost(MC) is the cost incurred as a result of producing additional units of goods and services. It is calculated by dividing a change in total cost by a change in output.

That is,

Marginal cost(MC)= change in total cost(TC)/ change in output

Total cost(TC): This is the addition of fixed and variable cost in production.

Total cost(TC)= fixed cost (FC)+variable cost (VC)

Fixed cost (FC) are cost that doesn't change during the production process such as buildings, machineries and furniture.

Variable cost (VC) are cost that changes or are used up during production process such as raw materials.

4 0
3 years ago
Read 2 more answers
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