It seems that you have missed the necessary options for this question, but anyway, the correct answer for this would be PRESENT VALUE. The current value of a future sum of money is called a present value. Hope this is the answer that you are looking for. Have a great day!
Answer:
December 26
Dr. Inventory $7,500
Cr. Account Payable $7,500
December 31
Dr. Account Payable $7,500
Dr. Discount Received $150
Cr. Cash $7,350
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
Purchase = $7,500
As payment is made within discount period, so the discount will be availed.
Discount = $7,500 x 2% = $150
Payment = $7,500 - $150 = $7,350
If a company has five employees with annual salaries of $40,000, $90,000, $40,000, $30,000, and $80,000, respectively, what is t
inessss [21]
Mean is where you add all of the values together and then divide the total by the number of values.
After doing this, you should see this...
20,000+40,000+20,000+60,000+70,000 = 210,000
After you get this number, you divide by the number of values, in this case, 5.
210,000/5 = 42,000
This is True.
Being an entrepreneur means starting a business venture by placing a new product on the market and then profiting from it.<span />
I believe your answer is A: Unearned Revenue.
Because, if a business has received cash, in advance of services performed, and credits a liability account, the adjusting entry needed, after the services are performed, will be debit Unearned Revenue and credit Cash.
