Answer:
B) Sales discount
Explanation:
For example, company A sells $100 in merchandise to company B on account under the following terms 2/10, n/30. The journal entry to record the initial transaction is:
Dr Accounts receivable 100
Cr Sales revenue 100
If the buyer pays within the discount period, the journal entry should be:
Dr Cash 98
Dr Sales discount 2
Cr Accounts receivable 100
Sales discount is a contra revenue account that lowers sales revenue.
Answer:
OLTP (Online Transaction Process)
Explanation:
Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.
This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.
So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.
For E2020 the choices are a. $498 b. $365 c. $422 d.
$787 and the correct answer is d. $787
Answer:
Option D is the right answer. The company will conduct a personality test to select the right candidate.
Explanation:
The Glenap is an e-commerce organization, and they believe that organized and hardworking candidate is likely to succeed at the job and these skills cannot be developed through training. In order to assess the capability of a candidate to meet the deadlines and how hardworking a candidate is, the personality test is the right technique to pick the right person for the job.
Answer:
11.00
Explanation:
36,000 net income
200,000 common stock / $4 per share= 50,000 shares
36,000 / 50,000 = 0.72 earnings per share
7.92 / 0.72 = 11
