Answer:
cash 1,470
sales discount 30
return goods 1,100
sales revenue 2,600
to record payment received from Morton Company
Explanation:
on sale:
account receivable 2,600
sales revenue 2,600
we analize the commercial terms:
2/7 within the first 7 days, paying the invoice generates a 2% discounts
n/30 after that, until 30 days pays the nominal amount
balance at payment date:
sales for 2,600
returned goods: (1,100)
balance 1,500
discount 1,500 x 2% = 30
journal entry:
cash 1,470 (1,500 nominal - 30 discount)
sales discount 30
return goods 1,100
sales revenue 2,600
Answer: True.
Explanation:
Here, the statement is related to the economic theory of demand, not with economic theory of supply. So, we are considering only law of demand.
The statement is true according to the economic theory of demand.
Economic theory of demand states that other things remains constant, increase in the price of a commodity results in lower demand for that commodity and vice versa. There is an inverse relationship between the price and demand of a commodity.
Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.
Answer:
Operational.
Explanation:
An operational plan is a highly detailed plan that provides a clear picture of how a team, section or department will contribute to the achievement of the organisation's goals. The operational plan maps out the day-to-day tasks required to run a business and cover.
It might be like this 900,000- 550,000 is 450,00
Answer:
Enterprise risk management
Explanation:
A P E X
