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Makovka662 [10]
3 years ago
10

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. How would Fl

ores record the sale on November 10?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

The journal entry to record the sale is shown below:

Explanation:

The journal entry which is to be recorded for the sale is as follows:

On November 10,

Accounts Receivable A/c.................Dr   $8,000

     Sales A/c...............................................Cr   $8,000

As the sale made by the Flores on November 10, therefore, the sales account is credited with the amount. And the sale is made against the Account receivable account which is debited because the payment is not made yet as there are conditions of the credit term which is to be followed. So, the account receivable is created.

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Answer:

A bond portfolio and a stock portfolio both provided an unrealized pretax return of 8% to a taxable investor. If the stocks paid no dividends, we know that the ________.

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Explanation:

The returns from the bond portfolio are taxed at the corporate rate while returns from stock investments are taxed at a lower rate.  It is well-known that the risks from stock are higher than the risks from bonds.  As a result, the stock investments always attract higher returns and less tax, as the investor can postpone the tax for a longer term.   Again, stock investments can be for the long-term unlike bonds that have defined periods.

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Flexible manufacturing

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3 years ago
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,
DanielleElmas [232]

Answer:

181,500 units

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Marguerite had been asked by her manager to write a summary of a seminar she had attended. Marguerite’s summary explained that t
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Therefore this is a language barrier during the seminar

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Answer:

The importance maxim just serves to make the business look good .

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