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
Novay_Z [31]
3 years ago
10

Paci Restaurants accepts credit and debit cards as forms of payment. Assume Paci had $14, 000 of credit and debit card sales on

April 30, 2015.1. Suppose Paci's processor charges a 3​% fee and deposits sales net of the fee. Journalize the sale transaction for the restaurant. 2. Suppose Paci​'s processor charges a 3​% fee and deposits sales using the gross method. Journalize the sale transaction for the restaurant.
Business
1 answer:
vivado [14]3 years ago
8 0

Answer:

1) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, net credit and debit card sales

Dr Cash 13,580

    Cr Sales revenue 13,580

2) assuming that the credit card company's payments are immediate (1 business day)

April 30,2015, gross credit and debit card sales

Dr Cash 13,580

Dr Credit card fees 420

    Cr Sales revenue 14,000

You might be interested in
Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Bal
AURORKA [14]

Answer:

The proforma income statement and balance sheet are found in the attached

Above all,additional financing of $1982  is required to finance the growth of 20%

Explanation:

The additional finance is necessary as the assets required for the additional growth of 20% is worth $27900 while debt plus equity(including the added profit of $1318) only gives $25918,there resulting in shortfall in finance of $1982.

Also, a different source of finance other than debt can be used depending the interest applicable since the amount involved is minute.

Download xlsx
6 0
3 years ago
A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and
romanna [79]
Explicit costs are business expenses that are easily identifiable and can be accounted for.

1) Wages and salaries = 100,000
2) Utilities expenses = 15,000
3) Materials and Supplies = 150,000
4) Gasoline expense = 5,000

100,000 + 15,000 + 150,000 + 5,000 = 270,000 answer is C.
5 0
3 years ago
Research has found that for many products, including soft drinks, coffee, and cosmetics, consumers are unable to distinguish amo
Leona [35]

The correct answer is routine problem solving. Routine problem solving is being defined as having to associate at least one arithmetic operations or even a ratio in regards to solving problems that are likely to be practical in nature or in the environment.

3 0
3 years ago
Read 2 more answers
There are three houses. One is red, one is blue, and one is white. If the red house is to the left of the house in the middle, a
Marta_Voda [28]
The white house is in the middle. Good riddle!
4 0
2 years ago
Managers are constantly seeking out new tools to meet new challenges. Indicate whether today’s manager’s are more or less aware
Galina-37 [17]

Answer:

Customer relationship management system​ (CRM)

Explanation:

A <em>CRM </em>system is what keeps the customer coming back. Instead of targeting each customer with a default bundle of products that are trending, the customer relationship management system tracks down the customer's habits and preferences, creating a tailor-made approach. Every customer is different in things he/she wants to buy. This way, marketing gets more customized and customer statistics generates better reports (more insight for the long-term).

7 0
2 years ago
Other questions:
  • Why is a relentless workaholic quickly overwhelmed?
    15·1 answer
  • No matter how well the football team plays, they will win few games because they are in a league that consists mainly of stronge
    14·1 answer
  • The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into
    8·1 answer
  • If businesses use the internet to find less expensive resources, what will be the impact on productivity
    6·2 answers
  • Tache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D
    13·1 answer
  • "Water and Power Co. is a small company and is considering a project that will require $650,000 in assets. The project will be f
    15·1 answer
  • On 1/1//2015, XYZ leases a machine from Super LeaseCo for four years. At the end of the lease term, title passes to XYZ. Payment
    7·1 answer
  • Jurisdiction B levies a flat 7 percent tax on the first $5 million of annual corporate income. Required: Jersey Inc. generated $
    7·1 answer
  • What are creative products example flying water bottle
    7·1 answer
  • PLEASE!!!! Lucinda is paid
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!