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Katen [24]
3 years ago
12

1. A return of merchandise to the vendor results in a (A) debit to Purchases. (B) credit to Purchases Returns and Allowances. (C

) credit to Purchases. (D) debit to Purchases Returns and Allowances.
Business
1 answer:
Lyrx [107]3 years ago
3 0

Answer:

Your correct answer ia A. debit to purchases

Explanation:

PLEASE MARK BRAINLIEST!!!

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Match the following terms to their definition: 1. expected value 2. liquidity 3. fixed assets 4. point of sales terminals 5. sel
koban [17]

Answer:

1.A representative quantity from a probability distribution arrived at by multiplying each outcome times the associated probability and summing up the products.

2.The relative convertibility of short-term assets to cash.

3.Assets that are assumed to be long term in nature.

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5. Assets that are converted to cash within the normal operating cycle of the firm.

6.Financing provided by sellers or suppliers in the normal course of business.

7.Equal monthly production used to smooth out production schedules and employ manpower and equipment more efficiently.

Explanation:

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3 years ago
On January 1, 2021, Legion Company sold $250,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December
notsponge [240]

Answer:

The bond interest expense to be shown in profit or loss as t 30 June 2021

$9,838.56

Explanation:

The bond interest expense is the actual finance cost of using the funds made available by bondholders while the coupon payment is the portion of the finance cost paid to them periodically.

Interest expense=bonds cash proceeds*yield to maturity*6/12

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yield to maturity is 12%

interest expense=$163,976*12%*6/12=$9,838.56  

5 0
3 years ago
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Which factor places this nation in the transitioning<br> category?
lys-0071 [83]

Answer: B. It is shifting from a planned to a free-market economy.

Explanation:

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3 years ago
Which is the largest source of tax revenue in the united states?
Snezhnost [94]

Answer:

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Explanation:

This has been the largest single source of federal revenue since 1950.

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Varying states of awareness are best monitored using ____, which provides an overall measure of brain activity.
svetoff [14.1K]
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