1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
4 years ago
13

A cash payment received from a customer for a product purchased on account would be recorded as...

Business
1 answer:
photoshop1234 [79]4 years ago
8 0
A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE.  Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received. 
You might be interested in
__________ is the amount a business earns after deducting what it spends for salaries and other expenses.
Lana71 [14]

Answer:

profit

Explanation:

profit is a financial return or reward that an entrepreneur aims to achieve to reflect the risk it takes. Profit is also an important signal to other providers of finance to a business. Banks, suppliers and other lenders are more likely to provide finance to a business that can demonstrate that it makes a profit and that it can pay debts as they fall due.

4 0
3 years ago
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical.
galina1969 [7]
Mr. Romeri's actions in deceiving Ms. Conley were legal and ethical --- this statement is FALSE. Deception is never legal nor ethical. Especially in this case where a man deceived a woman for his personal gain. This may be acquitted in some courts but normally this is not acceptable. 
4 0
3 years ago
Rachael’s Restaurant, a fast-food restaurant company, operates a chain of restaurants across the nation. Each restaurant employs
netineya [11]

Answer:

a. Advertising costs relative to the number of customers for a particular restaurant.   [Fixed]

b. Rental costs relative to the number of restaurants.  [Variable]

c. Cooks salaries at a particular location relative to the number of customers.          [Fixed]

d. Cost of supplies (cups, plates, spoons, etc.) relative to the number of customers.  [Variable]

e. Manager's compensation relative to the number of customers.  [Mixed]

f. Servers' salaries relative to the number of restaurants.  [Variable]

Explanation:

8 0
3 years ago
They want to make a profit of $55,498 Unit Variable costs = $11 Unit selling price is = $37 Fixed costs = $18,470 How many units
belka [17]

Answer:

2,845 units

Explanation:

To find the answer you need to consider that the profit is equal to the sales minus the costs.

Let's consider that x is the number of units sold

Sales= Price per unit*number of units sold

Sales= 37x

Variable cost= Cost per unit*number of units sold

Variable cost= 11x

Fixed cost= 18,470

55,498=37x-11x-18,470

55,498+18,470=26x

73,968=26x

x=73,968/26= 2,845

According to this, the answer is that they need to sell 2,845 units to make the desired profit.

6 0
3 years ago
Digital photography replacing film photography would be an example of a(n) _____. Group of answer choices radical innovation reg
Ratling [72]

Answer:

disruptive innovation.

Explanation:

A disruptive innovation can be defined as an innovation that typically creates a new market for a product by displacing or removing an existing product from the market.

Digital photography replacing film photography would be an example of a disruptive innovation.

4 0
3 years ago
Other questions:
  • Which secondary effect of advertising refers to a change in the customer's opinion of the product over a period of time? A. Soci
    13·1 answer
  • For each of the following, describe the opportunity cost when you decide to do each activity.
    10·1 answer
  • which circumstance is most likely to cause a farmer to store soybeans for a future sale instead of selling them right after harv
    12·1 answer
  • Assuming no direct factory overhead costs (i.e., inventory carry costs) and $3 million dollars in combined promotion and sales b
    11·1 answer
  • When recording Manufacturing Overhead, it is acceptable to use only one account (for both actual and applied) or to use two sepa
    7·2 answers
  • You own a bond that has an 8 percent coupon and matures 8 years from now. You purchased this bond at par value when it was origi
    13·1 answer
  • First Simple Bank pays 6.4 percent simple interest on its investment accounts. If First Complex Bank pays interest on its accoun
    8·1 answer
  • Suppose the Fed conducts an open market sale of $50 million in government securities. If the required reserve ratio is 20%, what
    15·2 answers
  • Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its doll
    11·1 answer
  • All of the following are assumptions of the industrial organization (I/O) model EXCEPT: a. organizational decision makers are as
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!