Answer:
B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.
Explanation:
The journal entry is shown below:
Cash A/c Dr $7,968
Sales Discount A/c Dr $332
To Accounts receivable $8,300
(Being cash received recorded)
The computation of the account receivable
= Credit sales - returned goods
= $9,000 - $700
= $8,300
And, the discount would be
= Accounts receivable × percentage given
= $8,300 × 4%
= $332
The remaining amount would be credited to the cash account.
A trial court hears witnesses testify and examines other information presented to prove the alleged facts and render a legal decision. An appellate court is concerned with the application of law in the decision of a lower court and may affirm, reverse, amend, or remand the decision of a lower court.
The risks of foreign outsourcing is that they could stop trading with you.
Answer: 1. No.
2. Yes.
Explanation:
Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.
1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.
2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.
