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Semenov [28]
3 years ago
10

On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses

the gross method of accountin g for cash discounts What is the correct entry for Flores on November 17, assuming the correct payment was received on that date? A) cash 7,840 Accounts receivable 7,840 B) cash 7,840 Sales discounts 8,00 Accounts receivablhe C) 7,84 cash Sales Accouts receivable D) 8,000 Cash Sales discounts l6 8,00 Accounts receivable 160 Sales
Business
1 answer:
PtichkaEL [24]3 years ago
8 0

Answer:

Following are the solution to this question:

Explanation:

In all the given choices some of the data is missing so, its correct entry can be defined as follows  

Cash account $7,840

Sales discount $160

To Accounts receivable $8,000

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What is one reason why a government will deliberately inflate its national money supply?
Pie

To attract oversea investors and working immigrants

4 0
3 years ago
Read 2 more answers
On January 1, 2020, Swifty Corporation granted an employee an option to purchase 15000 shares of Swifty's $5 par value common st
nalin [4]

Answer:

For 2021, should recognize compensation expense under the fair value method of $170,500

Explanation:

According to the given data we have the following:

option pricing model determines total compensation expense to be $341,000

Also, The option became exercisable on December 31, 2021, after the employee completed two years of service.

Therefore, in order to calculate the amount should recognize compensation expense we would have to make the following calculation:

amount should recognize compensation expense=$341,000/2

amount should recognize compensation expense=$170,500

For 2021, should recognize compensation expense under the fair value method of $170,500

6 0
3 years ago
Donata Company purchased equipment for $30,000 in December 20x1. The equipment is expected to generate $10,000 per year of addit
attashe74 [19]

Answer:

Total after-tax cash flow= $6000

Explanation:

Giving the following information:

Equipment value= $30,000 in December 20x1.

Income= $10,000 p

Cost= $2,000 per year.

Depreciation= $3,000.

t=0,40

Cash flow has the following structure:

Income (+)

Cost (-)

Depreciation (-)

=EBIT

TAX (-)

Depreciation (+)

Total

Income= 10000

Costs= -2000

Depreciation= -3000

EBIT= 5000

Tax= -2000

Depreciation= 3000

Total= 6000

5 0
3 years ago
Erin bought stock with company XYZ, deposited money in a CD account, and started investing on a regular basis in a mutual fund.
faust18 [17]

It is true that Erin has a diversified portfolio as he invest in different investment.

<h3>What is a Portfolio diversification?</h3>

This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.

Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.

Read more about diversification

<em>brainly.com/question/417234</em>

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5 0
2 years ago
Which of the following options is NOT a unique feature of​ e-commerce technology? A. The consumer is a participant in the proces
Blababa [14]

Answer:

<u>A. The consumer is a participant in the process of delivering products or services.</u>

Explanation:

  • As a  known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
  • Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
3 0
3 years ago
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