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
andreyandreev [35.5K]
2 years ago
14

On Feb 10, Amara Inc. sold goods to a customer for $8,000 with credit terms 2/10, n/30. The company uses the net method of accou

nting for sales discounts. What entry would the company make on Mar 10, assuming the correct payment was received on that date?
Business
1 answer:
UNO [17]2 years ago
3 0

Answer:

The answer is given below;

Explanation:

March 10

Bank       Dr.$8,000

Accounts Receivable       Cr.$7,840

Sales Discount (8,000*2%)                 Cr.$160

As the payment was not received within 10 days from the date of sale, therefore 2% discount will be reversed and full payment will be received.

You might be interested in
The local baseball team owner hires you to help maximize the team's profits. You are told that costs are constant because enough
ozzi

Answer:

increase price per ticket.

Explanation:

increase price per ticket in proportion to cost incurred.

set up an internal control system to ensure all revenue from ticket are well accounted for.

3 0
3 years ago
Dragon express inc. just paid a $1.57 dividend and investors expect that dividend to grow by 5% each year forever. if the requir
Elena-2011 [213]

To solve this problem, we will use a valuation method named income valuation includes discounting of the profits the stock will carry to the stockholder in the probable future, and a final value on disposal.

Solution:

1.57 (1.05) / (.14 - .05)

= 18.32. the answer is letter d.

<span> </span>

6 0
3 years ago
A newspaper headline writer found that the more adjectives she put in the titles of her articles, the greater the number of news
Ivahew [28]

Answer:

Positive.

Explanation:

A linear function has a positive relationship and as such an increase in one variable (input variable) causes an increase in the other variable (output variable) i.e the variables are directly proportional. Thus, the graph of a linear function is a straight-line and its slope is always constant.

On the other hand, nonlinear function has a negative relationship and as such an increase in one variable (input variable) causes a decrease in the other variable (output variable) i.e the variables are inversely proportional.

This ultimately implies that, the graph of a nonlinear function is a curved line and whose direction is constantly changing

In this scenario, the relationship between numbers of adjectives and newspaper sales must be positive because the higher the amount of adjectives put in the titles of her articles, the greater the number of newspapers that would be sold on a particular day.

6 0
2 years ago
The "ideal" business, according to Richard Buskirk of the University of Southern California:
Alexeev081 [22]

Richard Buskirk said that the ideal business would have no employees or minimal labor requirements. He said the business owners should do everything yourself, subcontract the rest, because this avoid benefits, labor hassles, government reporting.

He is advocating for a one-man show.

4 0
3 years ago
Networked organizations are so closely linked online that each can find out what the others are doing instantaneously, as an eve
Lesechka [4]

Answer: b. in real time

Explanation:

When something is said to operate in real time, it means that is is happening instantaneously. Networked organizations that are so closely linked that their actions are seen instantaneously are therefore operating in real time.

These organizations can be in multiple countries but doing work on a similar platform. For instance, people around the world could be working on a single Go-0gle Sheets file and seeing the changes they all make in real time.

4 0
3 years ago
Other questions:
  • Which of the following describes the effect of the purchases that consumers
    10·2 answers
  • Mark decides to only pay the minimum payment each month of $15 for his credit card. He continues to charge purchases to the cred
    11·1 answer
  • Which of the following circumstances usually comes before a period of economic contraction?
    6·1 answer
  • After learning more about implied warranties and disclaimers, would you ever buy an item sold "as is"? Imagine a car salesman wh
    5·1 answer
  • Blank is a checking that is dishonored because of insufficient funds
    13·2 answers
  • Who is most likely to have strong strategy implementation capabilities? A. Chong advocates promoting qualified people from withi
    15·1 answer
  • Levi has always wanted to be a lawyer, but the top career cluster for him, according to his personal assessment, is the Arts, A/
    13·1 answer
  • A letter of resignation should be written and delivered to each of your coworkers when you leave a job. True or False?
    15·2 answers
  • Real property is real estate owned by individuals and businesses.<br><br><br> t or f
    6·1 answer
  • When Bonita put together a research report for her company, what would she have included in the references section?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!