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Anit [1.1K]
3 years ago
13

ABC made a $15,000 sale on account with the following terms: 1/10, n/30. If ABC uses the gross method to record sales made on cr

edit, what is/are the debit(s) in the journal entry to record the sale?a. Debit Accounts Receivable for $14,850.b. Debit Accounts Receivable for $14,850 and Sales Discounts for $150.c. Debit Accounts Receivable for $15,000.d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.
Business
1 answer:
Zina [86]3 years ago
6 0

Answer:

d. Debit Accounts Receivable for $15,000 and Sales Discounts for $150.

Explanation:

Because Gross Method record the invoice at full price and the discount applied separately.

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Referred to as a stock certificate, hope this helped!
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Financial management cannot be related to other functional areas of management such as marketing.
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indicates that there can be a performance decrease as a team goes through the storming phase of team development. During the sto
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Answer:

a. Team performance curve

Explanation:

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Team performance curve indicates that there can be a performance decrease as a team goes through the storming phase of team development. During the storming phase in team development, team performance declines for a period of time as conflicts emerge regarding goals and contributions of team members.

8 0
3 years ago
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $28 pe
Lyrx [107]

Answer:

Differential cost of producing Product C = $0

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .  </em>

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Sales revenue at the split-off point  (Product B                        <u> 33</u>

Additional sales revenue per unit                                              25

Further processing cost                                                            <u>  (25)</u>

Differential cost of Product C                                                       <u>  0</u>

Differential cost of producing Product C = $0

<em> Note that the cost incurred up until the split off point was not included because it is Irrelevant to the decision to process further. It has already been incurred , hence it is a sunk cost</em>

6 0
3 years ago
The objective of a competitive strategy is to establish a competitively powerful value chain. grow revenues at a faster annual r
asambeis [7]

Provide buyers superior value relative to the offerings of rival sellers in order to attain a competitive advantage.

<h3><u>Explanation:</u></h3>

The strategy or the plan that is being used by a company in a long term for the purpose of gaining advantage over the competitors of the similar field refers to the Competitive Strategy. The main aim of using competitive advantage in the creation of a defensive position so that the competitors will not compete with the company and also aims in attaining higher return on investment.

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7 0
3 years ago
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