Answer:
indirect
Explanation:
The indirect method adjusts net income to find net cash provided by operating activities.
2008 1 Mar Started business with $1,000 cash.
credit or debit
Answer:
The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.
The __________ amendment permits congress to levy income taxes.
The Sixteenth amendment permits congress to levy income taxes.The Sixteenth Amendment to the United States Constitution was ratified on February 3, 1913.
It is one of the most important amendments to the Constitution and is often referred to as the "Income Tax Amendment." This amendment grants the federal government the power to collect taxes from individuals and corporations without apportionment among the states. The amendment states that "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."
This amendment effectively overturned the Supreme Court's ruling in Pollock v. Farmers' Loan & Trust Co., where the Court declared the income tax unconstitutional. The amendment also allowed for the Progressive Era of the early 20th century, where Congress was allowed to pass laws that taxed the wealthy at a higher rate than the middle or lower classes. This amendment has been crucial in allowing the federal government to raise revenue and fund programs, such as Social Security, Medicare, and the armed forces.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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The idea of diminishing returns to an input in production suggests that if a local college adds more and more custodians, the marginal product of labor for the custodial staff will ________ over time
a. increase at an increasing rate
b. increase at a decreasing rate
c. decrease
d. not change
e. increase at a constant rate.
Answer:
c. decrease
Explanation:
The law of diminishing marginal return confers that adding more of a unit of production while holding the other inputs constant will lead to a decline in productivity. Employing more units of a particular input will increase productivity until the optimal level is achieved. Beyond the optimal level, the benefits from an extra input will increase at a decreasing rate and eventually losses.
Adding more custodians will be beneficial up to the level only. Any extra custodians past the optimal level will cause a reduction in labor productivity.
Which of the following will erode cartels' market power over time? A. Demand from importing countries becomes more inelastic over time. B. All cartel members will cooperate solidly without undermining the whole cartel. c. New competing supplies from outside the cartel enter the market. D. Non-cartel supply elasticity becomes more inelastic over time.
The entry of new competing supplies from outside the cartel is the factor that is most likely to erode the cartel's market power over time. Therefore, option C is correct.
The entry of new competing supplies from outside the cartel can erode the market power of the cartel over time. When new suppliers enter the market and offer similar products or services at competitive prices, it increases the overall supply in the market.
This increased competition reduces the market share and pricing power of the cartel members, as consumers have more options to choose from.
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a company has six operating segments with combined total revenues of $500 million. an operating segment is separately reportable if its revenues exceed
A company has six operating segments with combined total revenues of $500 million. An operating segment is separately reportable if its revenues exceed $50 million.
A segment is separately reportable when its total revenues (internal and external) equal at least 10% of the total revenue of all reported operating segments (internal and external) of a business.
A Segment Reporting Example: Liabilities + Shareholder Equity equals Total Assets Continue reading. Profit or loss is greater than or equal to 10% of the total profit or loss of the organisation. Revenue is greater than or equivalent to 10% of total revenue. An operating segment constitutes a reportable segment if it accounts for at least 10% of the total revenue or assets of the company. It's like a company within a company.
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Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
Which situation best illustrates the concept of scarcity?
a class designing and selling calendars
a cook learning to be an executive chef
a friend buying a copy of a popular DVD
a person buying a used car due to limited income
Answer:
answer is D
Explanation:
Situation best illustrates the concept of scarcity is a person buying a used car due to limited income
What is Scarcity?Scarcity can be regarded as an economic situation whereby the demand for a resource is more compare to the supply .
Therefore, scarcity is as a result of the resource, been limited.
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building layers of advantage is one of the elements of hamel and prahalad's framework for: a) quality advantage. b) positioning. c) competitive innovation. d) marketing management. e) innovation leadership.
Building layers of advantage is one of the elements of hamel and prahalad's framework for c) competitive innovation.
What is innovation?Innovation can be described as the successfully implementing a new idea and creating value for your customers and stakeholders.
It6 should be noted that the Innovation starts with a new idea. It could be a plan for an improved product or service how erver can be considered as the updated method for running your operations; it could also be a new business model. hence innovation can help in the -process of creating business value which can be in incremental improvements to existing products, the creation of entirely new products and services, or reducing cost.
Therefore, option C is correct.
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The invisible hand refers to the:__________
a) fact that the U. S. Tax system redistributes income from rich to poor.
b) notion that, under competition, decisions motivated by self-interest promote the social interest.
c) tendency of monopolistic sellers to raise prices above competitive levels.
d) fact that government controls the functioning of the market system
The idea that self-interested actions advance societal interest under competition is known as the "invisible hand." Smith referred to this as the "invisible hand."
What exactly is a business example interest?Protecting an employer's trade secrets or sensitive information, a company's reputation, and potential or existing clients are a few examples of legitimate commercial interests. Protecting an employee from public competition is one thing that doesn't constitute a valid business interest.
Why does interest matter in business?In a market economy, interest fulfils a number of important roles. The most prominent example of this coordination between savers and borrowers is when borrowers are compelled to pay interest so as to loan additional money in order to increase their current spending.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Drag the tiles to the correct boxes to complete the pairs. Match each scenario with the government agency it involves. Environmental Protection Agency Occupational Safety and Health Administration Food and Drug Administration Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses. arrowRight Ryan's new car is certified to meet federal emission standards. arrowRight Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall. arrowRight
Answer:
1. Occupational Safety and Health Administration (OSHA).
2. Environmental Protection Agency (EPA).
3. Food and Drug Administration (FDA).
Explanation:
1. Occupational Safety and Health Administration (OSHA): Dwayne's company has clearly marked each container to indicate what chemical it contains and the threat it poses.
The Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.
2. Environmental Protection Agency: Ryan's new car is certified to meet federal emission standards.
In the United States of America, the agency which was established by US Congress and saddled with the responsibility of overseeing all aspects of pollution, environmental clean up, pesticide use, contamination, and hazardous waste spills is the Environmental Protection Agency (EPA). Also, EPA research solutions, policy development, and enforcement of regulations through the resource Conservation and Recovery Act.
3. Food and Drug Administration (FDA): Lisa finds that her favorite brand of yogurt has been taken off the shelf after the company ordered a recall.
It is a federal agency of the government of the United States of America saddled with the responsibility of protecting the consumers of edible products and public health safety.
explain in details;
b. what are consolidated financial statements? How to prepare consolidated financial statements?
c. why is it necessary to make consolidated worksheet adjustments?
d. How often is it necessary to make consolidate worksheet adjustments?
b. Consolidated financial statements combine parent and subsidiary financial information to create a single set.
c. Consolidated worksheet adjustments eliminate intercompany transactions, balances, and unrealized gains/losses.
d. Consolidated worksheet adjustments are made during financial statement preparation depending on reporting requirements.
b. Consolidated financial statements are prepared when a company controls one or more subsidiary entities. They provide a comprehensive view of the financial performance and position of the entire consolidated group. To prepare consolidated financial statements, the financial statements of the parent company and its subsidiaries are adjusted to eliminate intercompany transactions, balances, and unrealized gains or losses. The adjusted financial information is then combined using the principles of consolidation, such as the acquisition method or equity method, to present a unified set of financial statements.
c. Consolidated worksheet adjustments are necessary to eliminate transactions and balances that occur between the parent company and its subsidiaries. Intercompany transactions, such as sales or loans between entities, need to be eliminated to avoid double counting and to accurately reflect external transactions. Balances, such as intercompany accounts receivable or payable, must be eliminated to avoid overstating assets or liabilities. Additionally, unrealized gains or losses on intercompany transactions or investments need to be eliminated to present a consolidated financial statement that reflects the economic reality of the entire consolidated entity.
d. Consolidated worksheet adjustments are typically made during the preparation of annual financial statements. However, in certain cases, interim or quarterly financial statements may also require consolidated worksheet adjustments. The frequency of these adjustments depends on the reporting requirements and the needs of the users of the financial statements. Generally, annual adjustments are made to ensure that the consolidated financial statements accurately reflect the financial position, performance, and cash flows of the consolidated group. Interim adjustments may be necessary when interim financial statements are prepared to provide timely and relevant information to stakeholders.
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b) They hire a new employee and after orientation, they collect the person's state
ID, social security number, and other important documents. At this point, what
responsibility do the two friends have as it pertains to regulation? Which guidelines
does this correspond with? (2 points)
Based on the given information, The guidelines do correspond with General Data Protection Regulation highlighting personal information.
As the context seems incomplete the answer is written in generalise manner.
When new employees start working for a firm, their personal information and other sensitive data must be collected and stored in accordance with numerous requirements to preserve their privacy and security.
The General Data Protection Regulation (GDPR), is a comprehensive data protection law that applies to firms operating in the European Union (EU) and the European Economic Area (EEA).
The GDPR requires businesses to seek explicit consent from individuals before collecting and processing their personal information, as well as to adopt sufficient technical and organizational safeguards to secure that data from unauthorized access or disclosure.
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7 of these cuboids of side 3cm are put together to make this shape
The surface area of the shape is 504cm^2.
What is Surface Area?This refers to the sum of all areas of the faces on a three-dimensional shape.
From the complete question, we can see that there is a diagram with the following parameters:
Seven cuboidsEach side 3cmThe surface area of the shape is:
3 3 * 3=9
9 * 7=63
63+9=72 * 7
=504cm^2
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a In a short response of 3-5 sentences, identify a common time-management pitfall that
you have personally experienced or are personally experiencing. Describe what time
management strategies you used to overcome that pitfall or how you will overcome the
"pitfall in the future."
Note that Procrastination is my pitfall. To overcome it, I set specific deadlines for tasks, break large projects into smaller ones and prioritize them, and use reminders to stay on track. I also try to minimize distractions while working.
What is Procrastination?Procrastination is the deliberate and unnecessary delay or postponement of something while knowing that doing so would result in negative repercussions.
It is caused by a variety of factors, including poor self-esteem, worry, a lack of organization, and, simply, an inability to inspire oneself to do unpleasant chores.
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1.4 Determine the area of the triangular ABC with AC-5cm and height DB=30 mm. A B 30mm D 5 cm C
The triangle ABC's area, given its dimensions, is 75 cm2.
Given:The triangle ABC has a height of DB = 30 mm and an AC of 5 cm.
To locate
Calculate the triangle's ABC's area.
Solution:Triangle's surface area is halved (base height)
30 mm in height with a 5 cm base
Triangle's surface area equals half (5 30)
Triangle's surface area is 75 cm2.
As a result, the triangle ABC's area, given its dimensions, is 75 cm2.
What is the triangular sheet's area?The entire area filled by a triangle's three sides in a two-dimensional plane is referred to as the triangle's area. The fundamental equation for a triangle's area is A = 1/2 b h, where b and h are the product of the triangle's base and height.
What is the triangle's volume?Volume is equal to 0.5 * b * h * length, where b is the triangle's base length, h is the triangle's height, and length is the prism length.
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Which of the following statements would debunk the myth that only large corporations do outsrcing? By choosing reliable, competent partners with demonstrable track records. Outsourcing can be accomplished by maintaining a compact panel of outsourcing suppliers, so that there is no single point of failure. The State of Logistics Outsourcing report produced by Capgemini Consulting and others shows logistics costs going down by 11%, inventory costs by 6% and logistics fixed assets by 23%, for the companies surveyed for the report. supply chain outsourcing should normally be done where it brings the most advantage and adds the most value. Corporate social responsibility that costs too much by insisting on using uncompetitive local resources may damage an enterprise to the point of failure. Neither competitors nor customers will let a company's higher prices and lower quality go unsanctioned for very long. Done person can form a virtual web-based company and outsource the whole of the supply chain from raw material supply through production to order fulfilment and customer service. The Internet has also brought thousands of third- party specialists into the limelight, from independent consultants to regional, national and international 3PLS and professional service companies.
The statement "Done person can form a virtual web-based company and outsource the whole of the supply chain from raw material supply through production to order fulfillment and customer service" would debunk the myth that only large corporations do outsourcing.
The myth that only large corporations do outsourcing implies that small or individual entrepreneurs do not have the resources or capabilities to engage in outsourcing. However, the statement mentioned above challenges this notion by highlighting that even a single individual can form a virtual web-based company and outsource the entire supply chain, including raw material supply, production, order fulfillment, and customer service.
This statement emphasizes that outsourcing is not limited to large corporations and that individuals or small businesses can leverage the power of outsourcing to streamline their operations and compete effectively in the market. It showcases how technology, such as the Internet, has enabled individuals to access a wide range of outsourcing options and connect with third-party specialists and service providers.
The statement highlights that outsourcing is not exclusive to large corporations and that individuals or small businesses can also take advantage of outsourcing opportunities. It underscores the importance of leveraging reliable partners, assessing the advantages and value added by outsourcing, and utilizing technology to access outsourcing options. By considering these factors, even small entities can benefit from outsourcing and enhance their competitiveness in the market.
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sectoral shifts: group of answer choices depend on the level of the minimum wage. explain the payment of efficiency wages. depend on the level of the unemployment benefit level. make frictional employment inevitable.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral shifts make frictional unemployment inevitable.
Because their skills are no longer required or appropriate, those working in outmoded industries will not be able to find work in the rest of the economy when there are sectoral shifts. Structural unemployment results from this.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral transitions could result in unemployment because it takes time for workers to look for work in the new sectors.
Sectoral movements result in frictional unemployment since it takes time for people to switch industries.
Seasonal unemployment is the best way to characterize the transient unemployment brought on by such sectoral changes in the economy. Unemployment that results from a brief decline in a product's demand is known as seasonal unemployment.
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3.
What is the importance of trade?
What would most likely happen if the value of the U.S. dollar fell?
A. Exports would become more expensive.
B. The United States would develop a trade surplus.
c. Imports would become more expensive.
D. The United States would develop a trade deficit.
Answer:
C
Explanation:
I just did it and got it right :))
If the value of the US dollar fell the imports would become more and more expensive Option(c) is correct.
What happens when US dollar fells?When the value of US dollar fells it decline the purchasing power internationally which eventually move or translate to the consumer level.
A weak dollar will always increase the cost for importing the oil which lead to the increase in the oil prices so if US dollar fells the value or the amount of inflation will relatively be highly expensive.
Therefore Option(c) is correct.
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Analyse why Emirates would want to be more environmentally friendly
Explanation:
Emirates are concerned about the level of pollution created by their large fleet of aircrafts, Recycling considerations of items used on board their aircrafts. For example, on every flight emirates recycles head phones used instead of disposing them which might pollute the environment.When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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How can we apply accounting and bookkeeping in our daily lives?
Discuss the need for blood pressure monitoring in regard to hypo-
or hypertension. What is the normal range for blood pressure?
Blood pressure monitoring is essential for both hypo- and hypertension. Hypertension, or high blood pressure, is a silent condition that can lead to serious health problems, including heart disease and stroke.
Hypotension, or low blood pressure, can cause dizziness and fainting. The normal range for blood pressure is typically around 120/80 mmHg. Hypertension: Monitoring blood pressure is crucial for detecting and managing hypertension. High blood pressure often has no noticeable symptoms but can cause damage to blood vessels and organs over time. Hypotension: Monitoring blood pressure is important in cases of hypo tension as well. Low blood pressure can result in inadequate blood flow to organs and tissues, leading to symptoms such as dizziness, weakness, and fainting. Normal range: The normal range for blood pressure is typically considered to be around 120/80 mmHg. The systolic pressure (top number) represents the pressure in the arteries when the heart contracts, while the diastolic pressure (bottom number) represents the pressure when the heart is at rest.
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A $100,000 interest rate swap has a remaining life of 15 months, with interest payments occurring every 6 months. Under the terms of the swap, six-month LIBOR is exchanged for 4.6% per annum (compounded semi-annually). Six-month LIBOR forward rates for all maturities are 5.5% (compounded semi-annually). The six-month LIBOR rate was 4% three months ago. The risk free rate is 5% (cont. comp) for all maturities. What is the value of the swap to the party PAYING FLOATING? (Required precision: 0.01 +/- 5)
The value of the $100,000 interest rate swap, having a remaining life of 15 months, with interest payments occurring every 6 months, to the party paying floating is $77.51.
To calculate the value of the swap to the party paying floating, we need to calculate the present value of the floating rate payments and the present value of the fixed rate payments, and then take the difference.
The floating rate payments are based on six-month LIBOR, which is reset every six months. We can calculate the floating rate payments as follows:
For the first six-month period, the floating rate is 4%, which is below the fixed rate of 4.6%, so the party paying floating pays the fixed rate. The payment is $2,300 (=$100,000 x 4.6% x 6/12).
For the second six-month period, the floating rate is 5.5%, which is above the fixed rate of 4.6%, so the party paying floating pays the floating rate. The payment is $2,750 (=$100,000 x 5.5% x 6/12).
For the third six-month period, the floating rate is also 5.5%, so the payment is again $2,750.
For the fourth six-month period (i.e., the final period), the floating rate is unknown, as it will be set at the beginning of the period. However, we can use the six-month LIBOR forward rate to estimate it. The six-month LIBOR forward rate for this period is 5.5%, so we can assume that the floating rate will be 5.5%. The payment is $2,750.
To calculate the present value of these floating rate payments, we need to discount them using the risk-free rate. The risk-free rate is 5% (cont. comp), which is equivalent to 2.47% (compounded semi-annually) for a six-month period. The present value of the payments is:
PV(floating) = \(\$2,300 / (1 + 2.47\%) + \$2,750 /(1 + 2.47\%)^2 + \$2,750 / (1 + 2.47\%)^3 + \$2,750 / (1 + 2.47\%)^4\)
= $9,866.59
The fixed rate payments are based on the fixed rate of 4.6%, which is paid every six months. We can calculate the fixed rate payments as follows:
For the first six-month period, the payment is $2,300.
For the second six-month period, the payment is also $2,300.
For the third six-month period, the payment is again $2,300.
For the fourth six-month period, the payment is also $2,300.
To calculate the present value of these fixed rate payments, we again need to discount them using the risk-free rate. The present value of the payments is: PV(fixed) = \(\$2,300 / (1 + 2.47\%) + \$2,300 / (1 + 2.47\%)^2 + \$2,300 / (1 + 2.47\%)^3 + \$2,300 / (1 + 2.47\%)^4\)
= $9,789.08
The value of the swap to the party paying floating is the difference between the present value of the floating rate payments and the present value of the fixed rate payments:
Value of swap = PV(floating) - PV(fixed)
= $9,866.59 - $9,789.08
= $77.51
Therefore, the value of the swap to the party paying floating is $77.51.
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If government spending increases or personal income taxes decrease, what are the likely effects on output, price level, and interest rates?
Price Level / Output / Interest Rates
1) Increase / Increase / Decrease
2) Increase / Increase / Increase
3) Decrease / Increase / Decrease
4) Decrease / Decrease / Decrease
5) Decrease / Decrease / Increase
When there is an increase in government spending, there will be an increase on the output, price level, and interest rates
What is a government spending?This refers to the funds injected to the public sector on the acquisition of services such as education, healthcare, social protection, defense etc.
Most time, the effect of an an increase in government spending leads to an increase on the output, price level, and interest rates as it is a method of stimulate demand.
Therefore, the Option A is correct.
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Which occupations are expected to earn between $55,000 and $74,999? Select three options.
Postsecondary Teachers
Carpenters
Dental Hygienists
Firefighters
Childcare Workers
Librarians
Answer:
postsecondary teachers , dental hygienist , librarians
Explanation:
ed class test
(Appendix 5A) Sales Discounts Ramsden Inc. provided consulting services with a gross price of \( \$ 38,000 \) and terms of \( 2 / 10, n / 30 \). Required: 1. Prepare the necessary journal entries to r
Following are the necessary journal entries required for sales discounts: 1. The first entry is for recording the sale made by Ramsden Inc: Accounts Receivable: $38,000 Sales: $38,0002.
The second entry records the sales discounts in case the customer decides to pay the amount early:Cash: $37,240 (calculated as $38,000 - ($38,000 x 2%) = $37,240)Sales Discounts: $760 (calculated as $38,000 x 2%)Accounts Receivable: $38,000. Cash is credited because the amount is received by the company. The Sales Discounts is debited to show the amount of discount offered to the customers. The discount is calculated as 2% of the sales price ($38,000). Accounts Receivable is debited because the amount is not received yet, and it is a liability for the customer until it is paid. Hence, the total journal entry for the transaction is:Debit: Accounts Receivable: $38,000 Sales Discounts: $760 Credit: Cash: $37,240 Sales: $38,000
In conclusion, the necessary journal entries required for sales discounts of Ramsden Inc. that provides consulting services with a gross price of $38,000 and terms of 2/10, n/30 are recorded as follows:Debit: Accounts Receivable: $38,000 Sales Discounts: $760 Credit: Cash: $37,240 Sales: $38,000.
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will give brainliest if correct (repost)
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)