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Evgen [1.6K]
3 years ago
9

acc 340 AG Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to recor

d sales made on credit, how much should be recorded as revenue
Business
1 answer:
Anastaziya [24]3 years ago
6 0

Answer:

$24,750

Explanation:

Calculation for how much should be recorded as revenue

Revenue=(100%-1%)*$25,000

Revenue=99%*$25,000

Revenue=$24,750

The amount that the company should record the REVENUE will be $24,750

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5 0
3 years ago
A broker, acting as the agent of a seller, must deal honestly and fairly with whom? Group of answer choices
Doss [256]

Answer:

Everyone involved in the transaction

Explanation:

As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.

But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.

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8 0
4 years ago
Unincorporated business and rental activities do NOT pay taxes at the organizational level; rather these types of activities are
zaharov [31]

Answer:

Flow-through.

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Flow-through is basically how to limit taxation or avoid double taxation. In terms of business, it is passed to the owner / investors.

4 0
4 years ago
What does every letter in MANAGER mean. <br> M-<br> A-<br> N-<br> A-<br> G-<br> E-<br> R-
Dmitry [639]

Answer:

There is no full form of manager

5 0
3 years ago
Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
makvit [3.9K]

Answer:

c. $2.50

Explanation:

Calculation to determine The unit relevant cost per unit for Seymour's decision is

Unit relevant cost per unit=Variable cost/Number of banton units manufacture

Let plug in the formula

Unit relevant cost per unit=$750,000/350,000 units

Unit relevant cost per unit=$2.50

Therefore The unit relevant cost per unit for Seymour's decision is $2.50

7 0
3 years ago
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