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Alik [6]
3 years ago
6

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise

on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700
Business
2 answers:
Nutka1998 [239]3 years ago
7 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

nov-02 sold 700

terms 2/15 n 30  

                700

Discount            2%

                   14

Net payment  686

Db Cash_____________686

Db Sales discount_______14

Cr Account receivable_______700

SpyIntel [72]3 years ago
6 0

Answer:

1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

Explanation:

Sally Beauty Warehouse uses the perpetual inventory system to account for its merchandise. On Nov 2, it sold $700 of merchandise on credit with terms of 2/15,n/30. Demonstrate the required journal entry to record the receipt of payment from the customer on Nov 13, by selecting all of the correct actions below. 1) Debit sales discounts $14 2) Debit cash $686 3) Credit accounts receivables $700

Journal entry is used for documenting business transactions. It bears topics , comments and debit and credit. the correction are stated below

. 1) Debit sales discounts $14

2) Debit cash $686

3) Credit accounts receivables $700

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Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted eac
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Answer:

Answer for the question:

Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Round "Direct labor time per unit (hours)" and "Direct labor cost per hour" answers to 2 decimal places.)

is explained in the attachment.

Explanation:

Download pdf
7 0
3 years ago
When a company acquires a 20% - 50% interest in another company, this generally results in Group of answer choices a controlling
Softa [21]

Answer:

A significant level of influence.

Explanation:

Whenever the shares of nay company are being purchased by more than 50%, that gives the purchaser the controlling level of influence on that particular company.

Here in this question the level is between 20% - 50%, which is high and can be termed as significant but not any other term that is present in the options to the question.

Hope this helps you out buddy.

Good luck and Thank You.

6 0
3 years ago
If the Federal Reserve buys $8,500 worth of securities from non-bank public, and the non-bank public then keeps the payment from
vova2212 [387]

Answer:

c: C increases by $8,500 and the MB increases by $8,500

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If the Federal Reserve buys $8,500 in securities from non-bank public and then payment is kept from the bank in form of cash, theC increases by $8,500 and the MB increases by $8,500

5 0
3 years ago
Who is responsible for the actual performance of service tests and periodic inspection of fire detection and alarm systems
I am Lyosha [343]

Owner is only responsible.

Owner

  • Owner is the one who owns the business, create business plans , different goals, & mainly ensures that there business would last forever.
  • He is never engaged in day to day activities but always do the proper inspection of all the works in all the departments.
  • Manages the budget, sales forecasting, planning, organizing in all the process they used to work as a leader.

Alarm systems

  • These are the systems who had the automatic sensor for smoke, fire, & other fire related emergency are detected.
  • They have different pitch of sounds according to the places; i.e. at required place they have high sound and vice versa.
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brainly.com/question/20595654

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4 0
2 years ago
Andrea purchased an auto insurance policy with bodily injury liability limits of 250/500 ($250,000/$500,000). She also purchased
Yuki888 [10]

Answer:

Auto insurance policy with Bodily injury liability limits = 250/500

personal umbrella policy with a limit = $1 million

Self-insured retention = $500

Here, total claim = $750,000

Amount paid by the auto insurance policy = $250,000

Remaining = $750,000 - $250,000

                  = $500,000

Remaining claim amount of $500,000 shall be paid by the umbrella policy.

8 0
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