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
Ipatiy [6.2K]
3 years ago
6

On April 1, Moloney Musical Instruments sold merchandise on account to Fronke's Flutes for $7,000 on Invoice 1001, terms 2/10, n

/30. Payment was received in full from Fronke's Flutes, less discount, on April 10.
Business
1 answer:
Eduardwww [97]3 years ago
3 0

Answer:

The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>

Date     Account Title and Explanation       Debit         Credit

April 1    Account receivables                      $7,000

                  Sales revenue                                               $7,000

April 10.  Cash  ($7,000*98%)                       $6,860

                     Sales discount ($7,000*2%)                        $140

                     Account receivables                                     $7,000

You might be interested in
A top executive at IBM shared with his friends some "inside" information that allowed them to engage in very profitable stock tr
Delicious77 [7]

Answer:

This is a case of low moral intelligence,option A.

Explanation:

Moral intelligence is the ability to differentiate right from wrong as well as acting based on what one thinks is right.

Moral intelligence is a function of one's uprightness and envisaging the consequences of an action.

All in all, the top executive should have known that the information about his stock performance is a classified information not meant for everyone's consumption,hence his moral intelligence at the lowest ebb.

3 0
3 years ago
Which of the following is not true of accounting principles? a.A new accounting principle can be adopted with stockholders' appr
tatyana61 [14]

Option A

A new accounting principle can be adopted with stockholders' approval  is not true of accounting principles

<u>Explanation:</u>

Accounting principles are the dictates and guidelines that firms must comprehend when describing financial data. The Financial Accounting Standards Board (FASB) publishes a regulated collection of accounting principles in the U.S. applied to as generally accepted accounting principles (GAAP). GAAP strives to develop the accuracy, flexibility, and comparability of the presentation of financial information.

Since accounting principles vary beyond the world, investors should practice discretion when associating the financial statements of organizations from various countries. Accounting principles help dictate the world of accounting according to prevailing dictates and guidelines.

7 0
3 years ago
Which of the following is a similarity between a sole proprietorship and a partnership?
r-ruslan [8.4K]

The similarity between a sole proprietorship and partnership is that Both their earnings are untouched by the Internal Revenue Service

<h3>What is Sole proprietorship?</h3>

Sole proprietorship is a business Enterprise that is owned and run by an individual person.

The individual person is the risk taker.

<h3>What is partnership?</h3>

Partnership refer to any business Enterprise that is own and run by two or more people.

Therefore, The similarity between a sole proprietorship and partnership is that Both their earnings are untouched by the Internal Revenue Service.

Learn more about proprietorship from the link below.

brainly.com/question/375502

7 0
2 years ago
Your company is considering two investments: buying 10% of the sharesin a publicly traded American company that owns five power
sesenic [268]

Answer:

First project

Explanation:

The 2 options/ project been considered:

1. Buying 10% of shares in a publicly traded american company that owns five power generation units in Pakistan

2. To be partner with equal share with one private company in building a new power generation unit in Pakistan

The first option/project would have a higher required return because:

<em>-  This company is already settled in the country having five power generation units in Pakistan. All these units are running and making profit.</em>

<em>-  Investment Option 2 is high riskier as we do not know the details of the new company and there are so many unforeseen circumstances surrounding establishing such project in the company. It will also take time to establish in order to start make it profitable.</em>

6 0
3 years ago
Background material, fact sheets, news releases, and sample photos are commonly found in what important business communication p
ad-work [718]

Answer: Background material, fact sheets, news releases, and sample photos are commonly found in a Press release

Explanation: A press release is an official statement that is sent to members of the media, to provide certain information related to an event or announcement made by the company, usually accompanied by certain material that documents the launch, such as photos and audiovisual material. These releases can save a company time to announce the events and with globalization, these releases can have a much greater reach than before.

8 0
3 years ago
Other questions:
  • If the elasticity of demand for a company’s product is estimated to be 1.72, what would you advise the company to do if their ob
    14·1 answer
  • An organization adopts the ______________ concept when it takes steps to know a much about the consumer as possible, combined wi
    11·1 answer
  • A guest on a news program states that a local school budget spends too much money on sports programs. Which source will most lik
    7·1 answer
  • What age do you have to be to start donating to travel organizations?
    15·1 answer
  • At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200
    7·1 answer
  • If you wanted to borrow money to purchase a home, you would go to
    8·1 answer
  • Fritters, a fast food restaurant chain, known for its quick meals encountered an instance where a customer had blamed its food f
    14·1 answer
  • The Meyers Motor Company to­day is very different from the same company of 1965, yet many essential characteristics remain so th
    14·1 answer
  • Garcia Co. sells snowboards. Each snowboard requires direct materials of $113, direct labor of $43, and variable overhead of $58
    11·1 answer
  • If the money supply is $60 billion, the velocity of money is 7, and real GDP is $336 billion, then the price level equals:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!