The collection of a $400 account within the 2 percent discount period would result in a(n)
a. increase to Accounts Receivable for $392.
b. decrease to Cash for $392.
c. increase to Sales Discounts for $8.
d. decrease to Accounts Receivable for $392.
C
You might also like to view...
Which profitability ratio requires the use of earnings per share and the current market price?
A) Return on common stockholders' equity ratio. B) Dividend payout ratio. C) Dividend yield ratio. D) Price-earnings ratio.
The horse isn't crazy about it, but occasionally will relent and pull a cart laden with supplies from the barn to the other points of mutual interest, the grassy area, the pond, and the hay down in the run in shed
What is the shortest distance from the barn to each of these points?
A bottleneck ______.
a. requires major investment to resolve b. is usually a long-term issue c. is a limit or constraint on the workflow in an operation d. cannot be eliminated in a short span of time
Which of the following would be an example of the application of the next major technological opportunity for organizations?
A. Boeing's 747 B. Toyota's hybrid vehicles C. Budweiser's non-alcoholic beer D. SpaceX's reusable space vehicle