Explanation:
The journal entry is shown below:
Cash A/c Dr $1,372
Sales Returns and Allowances A/c Dr $600
Sales Discounts A/c Dr $28
To Accounts Receivable A/c $2,000
(Being the cash is received)
The computation is shown below:
For sales discount
= (Sales value of merchandise - returned goods) × discount rate
= ($2,000 - $600) × 2%
= $28
And, the remaining balance is debited to the cash account
Answer:
• obtaining a business license
Explanation:
A sole proprietorship is owned and managed by a single person. The owner is responsible for making all the big decisions regarding the business. The owner, also known as the sole proprietor, does not share profits and losses from the business with any other person.
A sole proprietorship is popular due to its ease of establishment and running. The owner only requires to register the business with the local authorities to begin operations. A sole proprietor has the option of picking a name for the business or operating it under their own. A sole proprietorship is treated as one entity with its owner in matters of taxation and liabilities.
The price of sugar that prevails in international markets is called the: Market futures price.
<h3>Market Futures price</h3>
The price of any commodity, sugar inclusive is usually quoted in two different ways.
The first of which is the market or the market futures price, which is the price reported in the news and regarded as the global trading price for such commodity. The spot price, on the other hand, is the cash price of commodities. This is what traders actually use for such commodity on the day of purchase.
Read more on market futures price;
brainly.com/question/1355815
Answer:
Following are the solution to the given questions:
Explanation:
Please find the complete question in the attached file.
In this question, the Stinsons would prefer the most profitable alternative
Formula:
In point A:
In point B:
In point C:
<span>What is the key difference between target plan bonus and predetermined allocation bonus? Predetermined allocation bonuses are fixed; target plan bonuses are not.
Predetermined allocation bonus are a fixed rate and they are based on a total from the bonus pool of a company. The target plan bonus can increase or decrease with performance.
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