Answer:
(a) Date Account Titles & Explanation Debit Credit
1. Jun-03 Accounts Receivable-Chester Company $3,100
Sales $3,100
(To record sales)
Jun-12 Cash $3,038
Sales Discounts $62
(3,100*2%)
Accounts ReceivableChester Company $3,100
(To record payment received)
2. Jun-03 Accounts Receivable-Chester Company $3,038
($3,100*0.98)
Sales $3,038
(To record sales)
Jun-12 Cash $3,038
Accounts Receivable-Chester Company $3,038
(To record payment received)
(b) Date Account Titles & Explanation Debit Credit
Jul-29 Cash $3,100
Accounts Receivable—Chester Company $3,038
Sales Discounts Forfeited $62
(To record payment received)
Answer:
The correct answer to fill the blank space will be option "C"
Explanation:
The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.
Answer:
c. $45
Explanation:
Transfer price is the price charged for a product which is transferred to other department/ division / subsidiary of same company / group. The minimum selling price in the absence of any excess capacity is the price available in the market, because the company has demand for the product and it does not lost the sale if transfer not takes place. The product can be sold in the market. So the Transfer price should be $45.
D, Databases can be used to track information related to your business, which could increase profits; This is the primary purpose of a database so this would be the <em>best </em>answer.
