The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.
<h3>What is a journal entry?</h3>
A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.
Hence, the significance of journal entry is given.
Learn more about a journal entry here:
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Answer:
The correct answer is a. behaving like a free rider
Explanation:
The free-rider problem is an economic problem that arises when an individual (stowaway) tries to receive a benefit from using a good or service but avoids paying for it. It is also known by its name in English, problem of the free rider.
The government tries to address the problems of stowaways through fiscal rules and regulations, especially to prevent the impact on the environment and excessive use of resources. Therefore, stowaways are also known as parasitic consumers, because on many occasions they consume goods and services financed by others, of which they paid nothing.
Examples of the free-rider problem
When there are public goods, such as parks, armed forces, public lighting or police, stowaways take advantage of the fact that it is not possible to exclude them from consumption and refuse to pay for them. This creates a problem of provision since although many consumers value the services they provide, there will be those who use them but do not contribute to their financing.
Psychological factors that might contribute to an accident
Answer:
C : $686
Explanation:
The computation of the cash received amount is shown below:
= (Sale value of merchandise - returned merchandise) × (100 - discount rate)
= ($1,000 - $300) × (100 - 2%)
= $700 × 98%
= $686
Since the payment is made within 30 days, so the company could avail the discount of 2% and the return goods should be deducted so that the actual amount of cash received can come.
