1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snowcat [4.5K]
3 years ago
11

Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2

00 compact discs for the price of $6,000 and terms of 2/10, n/30. Half of these discs had been mislabeled and were returned immediately to the supplier. Record the journal entry to record payment of this invoice after the discount period has expired. Use Journal Entry format.
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

Credit to cash for $3,000

Explanation:

Based on the information given the appropiate the journal entry to record payment of this invoice after the discount period has expired is: CREDIT TO CASH FOR $3,000 which is calculated as (1/2*$6,000).

Credit to cash for $3,000

(To record payment of invoice after the discount period has expired)

You might be interested in
All countries benefit from each of the following factors except which one?
Artemon [7]
A. ACCESS TO INFORMATION
6 0
2 years ago
You want to construct a portfolio containing equal amounts of U.S. Treasury bills and two stocks. If the beta of the first stock
Tasya [4]

Answer:

the beta of the second stock is 1.77

Explanation:

The beta of the second stock is shown below;

Investment in each = (1 ÷ 3)

Now as we know that

Portfolio beta = Respective investments × Respective weights

1 = (1 ÷ 3 × 1.23) + (1 ÷ 3 × beta of the second stock) + (1 ÷ 3 × 0)

We assume the Beta of risk-free assets would be zero

1 = 0.41 + (1 ÷ 3 × beta of the second stock)

The beta of the second stock is

= (1 - 0.41) × 3

= 1.77

Hence, the beta of the second stock is 1.77

8 0
3 years ago
A(n) ________ is a tool management uses to assess the potential of a firm's business portfolio. It helps management decide how t
frozen [14]

Answer:

3. portfolio analysis

Explanation:

Some example is portfolio analysis are:

Unilever has a portfolio of supplying tea and ice cream.

Gillette provides shaving products and batteries.

Protfolio analysis is the process by which the portfolio or products of a business are reviewed. It is done to analyse risk and returns. When portfolio analysis is done frequently it helps the business make changes in portfolio allocation based on changing market needs.

4 0
3 years ago
In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos
densk [106]

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

  • M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

  • M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

4 0
3 years ago
On May 2, 1990 SAFE BANK discussed the possibility of loaning Tyler Corp. $500,000. Tyler signed a security agreement and UCC-1
Yakvenalex [24]

Answer:A. Safe Bank

B. No

Explanation:

Safe bank did the filling before One Time credit, moreover One time is expected to do a check on Tyler credits background before giving out the loan.

The taken over of the collateral will not change the answer, because it's the filling that is more important than taken possession of the collateral.

4 0
3 years ago
Other questions:
  • Ncome statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year
    14·1 answer
  • Johnna is 78 years old. She is deeply connected with nature, continuing to go for nature walks on a daily basis, and is very inv
    11·1 answer
  • Governments often use a sales tax to raise tax revenue​, which is the tax per unit times the quantity sold. will a specific tax
    10·1 answer
  • Two friends, Rachel and Joey, enjoy baking bread and making apple pie. rachel takes 2 hours to bake a loaf of bread and 1 hour t
    10·1 answer
  • Which of these careers interest you? Check any that apply.
    5·2 answers
  • A production department's output for the most recent month consisted of 8,900 units completed and transferred to the next stage
    9·1 answer
  • 30PTSS PLEASE HELP ME IM REALLY BAD AT FINANCE
    13·2 answers
  • Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint pr
    15·1 answer
  • The u.s. small business association defines a small business as having ____ employees and selling ______ worth of products or se
    9·1 answer
  • when preparing a trial balance, there are certain steps that need to be followed. place the following steps in the correct order
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!