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Vaselesa [24]
3 years ago
12

Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales

for $2,000. If payment occurs on January 21, the journal entry would include: Group of answer choices
Business
1 answer:
Tomtit [17]3 years ago
7 0

Answer:

Credit to Accounts Receivable for $2,000

Explanation:

Preparation of the Journal entry

Based on the information given we were told that the Merchandise sold have a terms of 2/10, n/30, which is been recorded by debiting Accounts Receivable as well as crediting Sales for the amount of $2,000 which means that If the payment occurs on January 21 the Journal entry would include Debit to Accounts Receivable for $2,000

Dr Cash 1,960

(2,000-40)

Dr Discount on bills receivable 40

(2,000*2%)

Cr Accounts receivable 2,000

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vesna_86 [32]

Answer:

The correct answer is allowed to run; consumers will stop buying products if the ads are offensive.

Explanation:

The world of advertising is so big and rich that it is difficult to make a judgment about it. To please all the people who will see an advertisement to buy the product that is advertised, is a titanic work carried out by designers, the creators. The truth is that I can not imagine how they get so many ideas from their brain, I guess there will come a time when they run out, right?

Well, maybe not now, but in other times, the ads that were made were really bad and especially inappropriate and even violent, but still, the companies published them and people welcomed them, because otherwise, I can't understand , why they allowed this type of commercial to advertise a product.

8 0
4 years ago
Winter's Toyland has a debt-equity ratio of .57. The pretax cost of debt is 8.2 percent and the required return on assets is 14.
True [87]

Answer:

<em>WACC 10.995</em>

Explanation:

We solve using the Weighted average cost of capital assuming a tax rate of 0% as we have to ignore taxes. Hence, we get:

WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})

Ke 0.14700

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Kd 0.082

Debt Weight 0.57

t 0

WACC = 0.147(0.43) + 0.082(1-0)(0.57)

WACC 10.99500%

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The answer is true. Hope this helps.
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company's retained earnings have a financing cost associated with them because retained earnings belong to which of the followin
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Answer:

a. The common stockholders.

Explanation:

A company's retained earnings have a financing cost associated with them because retained earnings belong to the common stockholders.

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Retained earnings represents the total stockholders' equity reinvested back into the company.

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In capitalism what does competition do for consumers?
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D. It keeps prices fair for consumers

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