At the time of collection, if the amount is paid within the discount period, the following entry is recorded:
Cash (+A).......................xxx
Sales discount(+XR,-R,-SE)........xxx
R. Jones (Accounts Receivables)(-A)….xxx
If the account is paid in full before the end of the discount period, the customer can be eligible for a cash discount rate. The duration of the trade credit is known as the credit period, and up until the end of the credit term, no interest is applied to the outstanding balance.
You use it to illustrate how a company's cash flow is distributed equally throughout the year rather than arriving in full at the end. We would use discount period numbers of 1 for the first year, 2 for the second year, 3 for the third year, and so on in a DCF without the mid-year convention.
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Answer:
According to Ronald Coase, in his Coase theorem efficiency in the areas of negative externalities can be achieved through negotiations aimed at reaching conclusions that is places each party in a win-win position.
The minimum the spa would pay the surfboard designer is $175 and the maximum is $250.
Explanation:
Assuming the conclusion reached in the negotiation is for the surfboard designer decides to install the technology that eliminates noise,the spa would have to pay $175 while on other hand ,if agreed between both parties that the surfboard designer shifts to next door ,the spa would cough out $250,the increase cost of renting in the next building.
Answer:
Check the explanation
Explanation:
As some bookstores exit the market, the demand curve faced by a remaining bookstore will shift to the right. The demand curve may also become less elastic because consumers will have fewer other stores to buy from. After the exit of the competing stores, this store is expected to break even.
Explanation - since some firms have left the Market so fewer firms will be left the demand will become less elastic because of the less options available to the consumers
Answer:
an action plan
Explanation:
Based on the scenario being described within the question it can be said that this act is an example of an action plan. This is a detailed plan that outlines and describes in great detail all the actions that are needed in order to reach one or more pre-set goals. Such as Katie has done by making a list of all the various ways that she can reach the goals that she has set for herself.
Answer:
The correct answer is letter "B": Houston.
Explanation:
A city council government is a type of governance management constituted by a chief executive officer (mayor) and a legislative body (the city council). Both entities work towards enforcing legislation and keeping a balanced budget. Though the relationship working method may vary if the city council is "strong" or "weak". In the strong city council, the mayor is not part of the city council but has more power to act individually. On the other hand, in the weak city council, the mayor is part of the city council but has limited power.
Houston (Texas) is one of the cities in the U.S. that has a strong city council type of government.