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Ymorist [56]
3 years ago
11

On February 3, Smart Company sold merchandise in the amount of $4,100 to Truman Company, with credit terms of 2/10, n/30. The co

st of the items sold is $2,830. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
Business
1 answer:
Ksju [112]3 years ago
3 0

Answer:

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Explanation:

Based on the information given The Appropriate journal entry that Smart makes on February 8 is:

February 8

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Workings:

Sales Discounts = $4,100 × .02

Sales Discounts= $82

Cash = $4,100 − $82

Cash = $4018

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A registered broker-dealer has an employee who is not registered as an agent in that State. The employee wishes to sell U.S. Gov
nikitadnepr [17]

Answer:

A.

Explanation:

Based on the answers provided it can be said that in this scenario statement "A" is true, The employee is prohibited from selling the U.S. Government bonds unless he is registered as an agent in that State. Any agent trying to sell a security in that State, needs to be registered or fall under an exemption provided from registration, and since no exemption is provided to agents of broker-dealers that offer U.S. Government securities he needs to be registered.

4 0
4 years ago
suppose ta hurricane hits alabama causing widespread damage to houses and businesses the governor of alabama places pirce cielin
Mamont248 [21]

Answer:

Shortages of building materials and a slower recovery from the storm

Explanation:

From the question we are informed about an instance, whereby a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. In this case,what most likely result is Shortages of building materials and a slower recovery from the storm.

From law of demand, which expressed that provided other factors remain equal, when price of a good goes higher, then there would be less demand of that good from

people and vice versa. higher price brings lower the quantity demanded, and lower price brings higher the quantity demanded, therefore in the case, above as the price of ceilings on all building materials so that price becomes reasonable people demand more and it leads to Shortages of building materials

6 0
3 years ago
To help understand why attendance at the team's games was so poor, the Atlanta Falcons used marketing research to gather factual
klio [65]

Answer: (D) Descriptive role

Explanation:

The descriptive is one of the role of the marketing research and its main function is that it helps in gathering all the facts or factual statement for explaining the current situation of the marketing program.

The descriptive marketing research is one of the method that basically describe various types of characteristics of the group such as education, income and the age of the members of group in an organization.

Therefore, Option (D) is correct.

7 0
3 years ago
A(n) ________ program includes plans to help employees cope with stress, burnout, substance abuse, health problems, and family i
MrRissso [65]

Answer: Employee assistance program.

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3 0
3 years ago
On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone compan
Fynjy0 [20]

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

4 0
3 years ago
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