Answer:
B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.
Explanation:
The journal entry is shown below:
Cash A/c Dr $7,968
Sales Discount A/c Dr $332
To Accounts receivable $8,300
(Being cash received recorded)
The computation of the account receivable
= Credit sales - returned goods
= $9,000 - $700
= $8,300
And, the discount would be
= Accounts receivable × percentage given
= $8,300 × 4%
= $332
The remaining amount would be credited to the cash account.
Answer: Publicity
Explanation:
From the question, we are told that a small agrichemical laboratory with a very small marketing budget develops a seed that produces grass, which grows two-inches high and no higher.
Since the laboratory has a small marketing budget, the promotional element it can use to let others know about its discovery will be publicity.
Through publicity, the company can give out vital information about its new discovery. By doing this, the public will be aware of the innovation. Publicity is a marketing and promotion component.
Answer:
$38,400
Explanation:
<em>1. Cash Purchases:</em>
The total purchases in the month of March is of $35,000.
It is given that 70% of Purchases are for cash.
Hence, 70% of $35,000 would be;
$39,000 x 0.70
$27,300
<em>2. Credit Purchases:
</em>
Remaining Balance of Purchases from the month of February:
For the month of February Cash Purchases can be calculated as follows;
$37,000 x 0.70
$25,900
Remaining Balance to be paid in March for the month of February can be calculated as follows;
$37,000 - $25,900
$11,100
<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>
Cash Purchases = $27,300
Credit Purchases = $11,100
Hence;
<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases
</em>
Cash Payment for purchases in March = $27,300 + $11,100
Cash Payment for purchases in March = $38,400
Answer:
$175,100
Explanation:
Job 523 started on June 1 and ended on July 15
The total cost on July 15 was 10,800
The cost added in July was 164,300
Therefore the debit to cost of goods sold can be calculated as follows.
= 10,800 + 164,300
= 175,100
Hence the debit to cost of goods sold is $175,100
<span>Information was used to file claims against insurance companies and government insurance, patients were pushed to take out loans to cover services, patients' credit card information was obtained and card companies were billed, patients were required to furnish bank information and electronic checks were processed by financial institutions.</span>
