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scoundrel [369]
4 years ago
13

Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4% charge on sales for using its c

ard. On May 26, Brinker had $6,500 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?
Business
1 answer:
eduard4 years ago
0 0

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $6,240

Credit card expense A/c Dr $260            ($6,500 × 4%)

            To Sales A/c $6,500

(Being the deposit is recorded)

For recording the deposit, we debited the cash account, credit card expense and credited the sales account so that the proper posting can be done.

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"The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."
Vesna [10]

Answer:

The correct answer is Reinstatement.

Explanation:

The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.

A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.

6 0
3 years ago
The price elasticity of supply for umbrellas is 2. Suppose you're told that following a price increase, quantity supplied increa
salantis [7]

Answer:

15%

Explanation:

The formula and the calculation of the price elasticity of supply are presented below:

Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)

where,

Price elasticity of supply = 2

And, the percentage change in quantity supplied is 30%

So, the percentage change in price is

= 30% ÷ 2

= 15%

7 0
4 years ago
Cynthia thinks that her new neighbor is mean and snobbish. this _____ will likely influence cynthia to act negatively toward her
Dahasolnce [82]
I would say this impression, would cause her to act negatively towards her.
5 0
3 years ago
In a project network, the critical path is the sequence of activities which has the:________.
Scorpion4ik [409]

In a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.

<h3>What do you men by the project network?</h3>

A project network is a graph that displays the actions, lengths of time, and dependencies among your project's tasks.

Techniques like Gantt charts, PERT charts, and critical path management can be used to form project networks. The project network has a number of paths, but each terminal piece must be located on just one of those paths.

A project's workflow is shown graphically in a project network diagram. A network diagram is a project management chart that lists boxes for activities and roles, followed by arrows that show the timetable and order in which the work must be done.

Therefore, in a project network, the critical path is the sequence of activities which has the longest time. A series of interconnected tasks known as the critical route has a direct impact on the project's completion date.

To know more about the project network, visit:

brainly.com/question/29417593

#SPJ2

3 0
1 year ago
Read 2 more answers
Which management viewpoint places emphasis on the importance of understanding human beings and the motivation and encouragement
Basile [38]
<h2>Behavioral view point is pertaining to the motivation and encouragement of employees towards achievements.</h2>

Explanation:

Initially the organization was  

  • concentrating only on the productivity of the employee
  • lost focus on motivating employees
  • not providing much "employee-friendly" atmosphere

Later on, the "Behavioral management" theory helped the organization

  • a shift from Production to leadership based work culture
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  • Reach both individual and organization's goal
  • Motivating by providing Increase in the wages
7 0
3 years ago
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