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3 years ago

The entry to record a payment on $600 account within the 2% discount period would include

Business

2 answers:

marshall27 [118]3 years ago

7 0

the answer is "debit to accounts payable for $588"

natta225 [31]3 years ago

3 0

Debit to Accounts Payable for $588

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HELP ASAP!! GIVING BRAINLIEST! NEED THE LAST ANSWER PLEASE

Kay [80]

Hello, Coolgurl23. Thanks for writing in.

You're asking if with the information given if this is a affordable amount.

The correct answer is NO. You have 700 dollars that you can pay in rent. Therefore, if you add all these costs up - you will get over the 700 dollar limit that is needed for a yes answer.

Therefore, you have NO as your final answer.

Thanks for writing in, best of luck on your assignment Coolgurl23!

4 0

4 years ago

An improvement in a firm's technology that improves productivity results in a(n): Group of answer choices downward movement alon

Damm [24]

Answer:

The correct answer is letter "D": willingness to supply a larger quantity than before at any given price.

Explanation:

As a result of an increase in productivity as a result of introducing new technology, <em>a company will be able to supply more units to the market</em>. The price will vary according to supply and demand flows and the investment needed for the introduction and maintenance of the new technology.

Increases in productivity can be caused by technological progress, capital investment or human capital development.

5 0

4 years ago

Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. Th

fenix001 [56]

Answer:

Depreciation expense = 2,900

Explanation:

Our goal would be to construct the formula where depreciation expense is and then increase deepth until find something we can work:

$$$Revenue - Expenses = Net Income$

Expanding expenses we find depreciation expense

$$$Revenue - COGS - Admin Expense - Dep Expense = Income Before Taxes$

Here we don't Know Income Before taxes so we have to work that first

$$$Income Before Taxes x (1-tax rate) = Net Income$

Here we don't Know Net Income taxes so we have to work that first

$$$Net Income - Dividends = change in Retained Earnings$

Here we got the other component of the formula, so it is possible to solve for net income and from there achieve the answer

Net income = 2,810 + 700 = 3,510

Income before taxes = 3,510/0.65 = 5,400

37,800 - 23,200 - 6,300 - dep expense = 5,400

dep expense = 2,900

$\ $Net income = 2,810 + 700 = 3,510 \\Income before taxes = 3,510/0.65 = 5,400\\37,800 - 23,200 - 6,300 - dep expense = 5,400\\dep expense = 2,900$

7 0

4 years ago

Respect for an able leader's decisions goal attainment and customer satisfaction are examples of

quester [9]

Respect for an able leaders goal accomplishments, decisions and customer satisfaction is an example of appreciation of the leader's fine qualities and showing that the leader is carrying out his performance according to his/her expectations of what being a leader is.

5 0

4 years ago

A company reports the following: Net income $375,000 Preferred dividends 75,000 Average stockholders' equity 2,500,000 Average c

Anit [1.1K]

Answer:

a) The return on stockholders’ equity = 15%

b) The return on common stockholders’ equity = 16%

Explanation:

a) Return on Stockholders’ Equity = (Net income)/(Average stockholders' equity)

= ($375,000)/$2,500,000

= 15%

b) Return on Common Stockholders’ Equity = (Net income - Preferred dividends) /(Average return on common stockholders' equity)

= ($375,000 - $75,000) / $1,875,000

= 16%

7 0

3 years ago