Answer:
See below.
Explanation:
We record the entries as follows,
First record the total gross sales,
Debit accounts receivables by $57,000
Credit Sales by $57,000
Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.
We record the payments as,
Cash debit by ($57,000 * 0.98) = $55,860
Discounts allowed debit by ($57,000*0.02) = $1,140
Credit Discount receivable by $57,000
Hope that helps.
Answer:
The option B. The profits for common stock owners come before payment to employees, suppliers, government, and creditors. is the false statement.
Profit is any amount that is left after setting aside the cost and liabilities. It is financial gain which is represented by the difference between the amount that is spent and the amount that has been earned or gained. Whereas common stock is a kind of a common share holder equity which also considered to be a type of a security.
Answer:
The correct answer is distinguishing between right and wrong actions in a business setting.
Explanation:
Marketing ethics fulfills the important role of establishing ethical limits for the commercial expansion of companies, ensuring that they do not deceive consumers and that they are transparent in their communication strategies.
In the information age, consumers are more critical and better informed about the products they buy and the actions that companies take to manufacture and sell them based on marketing strategies.
It is based on the premise that the sustainable growth rate is that the debt<span>-equity ratio will be held constant. The sustainable growth rate is the maximum rate of growth of the firm that sustain without having to increase </span><span>financial leverage for outside financing. It is measure of how large the firm and how quickly it can row without borrowing more money.</span>
D.) Whether to order a pepperoni or a cheese pizza is a decision that cannot be made at the margin.
Making decisions at a margin is merely considering an option on top of your made decision. Cost and Benefit is a factor in thinking in a margin.
You have already decided to move. Your marginal decision is whether to move to Boston from Chicago,
You have already decided to spend the day on Saturday. Your marginal decision is whether to watch a movie or go hiking.
You have already decided to have a two-week vacation. Your marginal decision is whether to spend it on the shore or in town.
You have decided to order a pizza. Any flavor of pizza will still make you spend money. So there is no marginal decision needed.
