1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nady [450]
3 years ago
11

On October 10, Jayson Company receives an order for a $700 TV which it will deliver to the customer on October 17. The customer

pays the full amount in cash at the time of the order. Besides recording the receipt of $700 cash, what else should Jayson record on October 10?
a. Record $700 revenueb. Record some of the $700 as revenue now and the rest on delivery of the TV
c. Record a $700 liability d. Make no record at this time; record revenue and receipt of cash on delivery of TV
Business
2 answers:
MArishka [77]3 years ago
4 0

Answer:

C.

Explanation:

It is the company's liability until the customer takes posession.

GalinKa [24]3 years ago
4 0

Answer:

Option "C" is the correct answer to the following statement

Explanation:

In the following situation, Jayson Company should record a liability of $700 until the customer gets his or her TV.

the customer gives order and full payment to Jayson Company of $700 on October 10 and receive his or her order on October 17.

So, $700 is a liability for Jayson Company and assets for the customer.

You might be interested in
It is important to shop around for credit because banks and financial institutions have varying credit histories. charge differe
JulsSmile [24]

Answer:

follow different laws

Explanation:

In simple words, Shopping around is really a good idea, whether you're obtaining your first credit account or you've already established credit and want more of it. Searching widely is often the only way to locate a lenders that will cooperate with you. It's also the greatest method to obtain a decent bargain in some instances.

Different creditors have different laws, which affect their terms and conditions regarding interest rate, tenure etc.

8 0
2 years ago
Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the p
Temka [501]

Answer:

The answer is Option D.

Explanation:

The answer is Option D.

The direct costs (materials and labor) will change if the production level varies. They are defined as the costs that are strictily related with the production of the product or service.

The fixed manufacturing overhead will vary independently of the variations of the production level. This is an example of indirect cost.

8 0
2 years ago
Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice
WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula  

So, the value would equal to

= $35,000 - $700

= $34,300

3 0
3 years ago
In their relationship, neither bette nor sam wants to take control or make decisions. this type of relationship is known as a co
yKpoI14uk [10]
<span>Simply put ,this is a Submissive Symmetrical Relationship. This type of relationship happens when there are two partners but neither wants or is able to take complete control or make decisions. In this scenario, that is exactly what Sam and Bette are doing.</span>
5 0
3 years ago
اقرأ الفقرة التالية واجب عن الأسئلة التي تليها .33
kicyunya [14]

Answer:

الدينار البحريني، (بالإنجليزية: Bahraini dinar)‏، هو عملة البحرين.[1][2][3] يقسم الدينار إلى 1000 فلس. وهو مرتبط بالدولار الأمريكي.





البلد البحرينتاريخ الإصدار1965رمز العملةد.برمز الأيزو 4217BHDالمصرف المركزيمصرف البحرين المركزيموقع المصرف المركزيمصرف البحرين المركزيسعر الصرف2 دولار أمريكي (22 نوفمبر 2016)

2.65957446809 دولار أمريكي

10 روبية خليجية  العملات المعدنية1⁄2, 5, 10, 25, 50, 100 (500 فلس)العملات الورقية1⁄2, 1, 5, 10, 20 د.ب.الموقع الرسميwww.cbb.gov.bhتعديل مصدري - تعديل 

يبلغ سعر صرف الدينار البحريني 2.6526 الدولار الأمريكي، أو 1 دولار يعادل 377 فلس.

7 0
3 years ago
Other questions:
  • The main reason that gross national income figures can be misleading is because they
    14·1 answer
  • A company is using a ______ pay structure in which more efficient workers earn higher wages.
    15·2 answers
  • What is market saturation?
    10·2 answers
  • A company scientist at a biotechnology company decides to work on his own research project, hoping to eventually start his own f
    12·1 answer
  • You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired
    14·1 answer
  • What is an advantage of economic specialization?
    10·1 answer
  • the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
    13·1 answer
  • Once we enter the region of diminishing returns,
    9·1 answer
  • What is division of duties
    8·1 answer
  • A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!