Suppose that jerry and co. grants terms of 2/10, n/30 related to a sale on june 5 and on june 12 the customer pays the remaining $250 bill. jerry and co. would record the receipt of the payment as

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Answer 1
If jerry and co. grants terms of 2/10, n/30 related to a sale
the customer pays the remaining $250 bill
Jerry and co. would record the receipt of the payment as;
Cash                                        240
Sales Discounts                       10
Accounts Receivable               250

Related Questions

Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off its current liabilities, it can sell the current assets for as little as:

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If the figure of 1.5 represents the debt ratio of the firm then it can be inferred that the liabilities of the firm greatly exceed current assets. Without further information as to the values of Computronics, inc. current assets and liabilities the price at which the firm can sell its assets cannot be computed. However it can be stated that the firm must sell current assets at a premium of 50% of the value of the assets in order to recoup the debt of its current liabilities.

Some people feel that the expense of pollution-controlling devices could lead to business failures and job losses; other people disagree. which is an argument made by those in favor of pollution-controlling devices

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Jobs created by pollution-control will offset those that may be lost

you'r welcome :)

Answer: Jobs created by pollution-control will offset those that may be lost.

Explanation: gradpoint correct!

Currently in the united states, _____ of adults are overweight. one-half three-quarters one-third two-thirds

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Currently in the United States, two-thirds of adults are overweight.

Certainly!In the United States, "two-thirds" refers to a fraction of the adult population. Specifically, it means that out of every three adults, approximately two are considered overweight. This statistic highlights a significant portion of the population facing issues related to weight management, which can have various implications for public health, healthcare systems, and individual well-being.

The legal proceeding or legal action brought by either the buyer or the seller under a purchase contract to enforce the terms of the contract is known as

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The amount of an earnest deposit is determined by:Agreement between the partiesThe term rescind means:CancelEvery real estate contract must have:Offer & AcceptanceBroker took listing and later found out client is legally incompetent. Listing is now:Of no value to broker, VOIDAfter buyer & seller sign sales contract, seller changes mind and defaults. Buyer sues seller to force contract. This is know as a suit for:Specific PerformanceOfferee has right to:reject offerStatue of Frauds states all contracts:must be in writing to be enforceableBroker receives earnest money on Tuesday.
Seller accepts offer on Thursday.
When does Broker need to deposit earnest money?By Friday in special non interest bearing trust account.Void contract:Not legally enforceable.Legal proceeding or legal action brought by either buyer or seller under a purchase contract to enforce the terms of the contract is known asSuit for specific performanceEssential elements of a contract do not need:notarized signaturesUpon receipt of offer to purchase property under certain conditions, seller makes counter offer, the buyer is:relieved of original offerBuyer defaulted some time ago on a written contract to purchase sellers real estate. Can seller sue for damages?Yes, if seller is not prohibited from doing so by statute of limitations.What is best evidence of buyers intention to carry out terms of contract?earnest money depositReal Estate Licensee may draft a contract:NEVER, licensee can only fill in blanks.An option:keeps an offer open for a specified time period.Prospective buyer makes a written purchase offer that the seller accepts, then:buyer receives equitable title to the propertyBilateral contract:promise for a promiseLaw that requires real estate contracts to be in writing to be enforceable:Statute of FraudsOwner takes property off market for definite period of time in exchange for some consideration, but grants right to purchase property within that period for a state price this is calledOptionBreach of contract is a refusal or failure to comply with terms of contract, buyer may:Sue seller for specific performance
Rescind contract and recover earnest money
Sue seller for damagesTo assign a contract for the sale of real estate means to:transfer ones rights under the contractBroker gets offer to purchase, seller out of town, broker must:wait to obtain the signature of the seller to effect the contractIn option to purchase real estate, optionee:has no obligation to purchase the propertyBuyer has right to revoke offer at any time and recover earnest money until:offer is acceptedSeller said empty lot soil was firm enough to support new construction, seller knew building would probably sink. Contract is:Voidable by buyer because of fraud.Contract agreed to under duress:VOIDABLEContract becomes valid when:both buyer and seller signRevocation of offer before acceptance, death of offeror before acceptance, counteroffer by offeree:terminate offerBroker deposits earnest money int trust account. When can seller receive it?At time of settlementWhat is the status of an option contract that has been exercised?BilateralDestruction of the premises would:terminate sales contractIL deed or contract executed on Sunday or legal holiday is:VALID and enforceableHow must real estate contracts be headed under IL law?REAL ESTATE SALES CONTRACT
Bigger font than rest of contractBoth parties sign sales contract. Three days before closing tornado destroys property. Under IL law:Seller cannot enforce contract and must return all earnest money to the buyer.

A technology supply store advertises new tvs for $100 a month for six months instead of $600 in order to

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The answer is to make a larger price tag look more manageable. With a price tag of six hundred dollars, it is a large price tag for a television, which is why advertising a television for one hundred dollars for six months is more eye-catching, since it’s a lot less expensive and it is considered to be manageable.

The ________ is a set of phases that temporary groups go through that involves transitions between inertia and activity.

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The answer for this question should be force

Members at a yoga school pay $10 per class plus a one time $100 membership fee.non members pay $15 per class.how many classes would a member have to take to save money compared to taking classes as a non member?

Answers

two classes he should take

Individuals need to take 21 classes to save money compared to taking training as a non-member.

What's the cause of the club?

An awful lot of the purpose of a membership application is nearly usually to grow the monetary, political, and/or operational stability of the organization.

What is the cost of the club?

Perceived member price is what your members feel they receive from you, be that their access to services or blessings in their membership and capability to take part. this will be quite distinct from the actual member value as a number of your participants can be unaware of the benefits and offerings you may offer to them.

What's the advantage of affiliation membership?

Reductions in training, activities, and extra -- club associations are appealing because they provide perks to their contributors. Perks often encompass discounts on expert schooling, publications, and event tickets.

Learn more about membership here: https://brainly.com/question/25793394

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The green giant has a 5% profit margin and a 40% dividend payout ratio. the total asset turnover is 1.40 and the equity multiplier is 1.50. what is the sustainable rate of growth?

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Sustainable Growth Rate is = ( 1- Dividend Payout Ratio ) X RoE Now, We have to find out the RoE of the given problem. Return on Equity (RoE) = (Net Profit Margin) X (Asset Turnover) X(Equity Multiplier). = (0.05) X (1.40) X (1.50) =0.105 or 10.5% Now Sustainable Growth Rate(SGR) = (1- .40) X 0.105 = .063 or 6.3% So, According to the question SGR of Green Giant is = 6.3%

________ operates on the principle that food costs are not as important as total contribution margin.

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Menu engineering operates on the principle that food costs are not as important as total contribution margin.
The menu engineering studies the profitability and popularity of menu items. The focus of this field is strategic construction of menus. 

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is? Why?

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I took the business class last year but if I remember correctly Net profit is more important to consider because even if your net profit is 0, your company is still a success.

Answer:

Net profit is more important to consider when you are deciding how successful and profitable a company is. Net profit takes into account all expenses and what your net profit is.

Explanation:

In the experimental method, the ____ variable is controlled by the researcher while the ____ variable is the outcome that the experimenter observes and records

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In the experimental method, the  INDEPENDENT variable is controlled by the researcher while the DEPENDENT variable is the outcome that the experimenter observes and records.

Variable is defined as anything that has a value that can change. In an experimental method, there are two variable, independent variable and dependent variable.

In experimental research, the independent variable is manipulated by the researcher and the dependent variable is what is measured to determine the effects of the manipulation.

In the experimental method, the independent variable is controlled by the researcher while the dependent variable is the outcome that the experimenter observes and records.

The independent variable is the variable in an experiment that the researcher manipulates; it is considered the cause in a cause-and-effect relationship within the experiment. In a well-designed experimental study, the independent variable is the only essential difference between the experimental group and the control group. On the other hand, the dependent variable, also known as the outcome variable, is what the researcher measures to see how much effect the independent variable had, and it is considered the effect in the relationship.

Supermarkets may use __________ on information collected at checkout to determine that beer and diapers are often purchased together, and they may act on this information to place those items near one another in stores.

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Supermarkets or other retail stores may use information technology or data mining on checkout items to determine whether certain items are often purchased together. This will help the stores decide where to place the items in relation to each other. Many times beer will be purchased with diapers and the beer will be strategically placed near the children's diaper section but on the other side of the aisle. The stores may also just have an end cap of diapers placed on the end or middle of the aisle so it can be seen by the consumers. 

Answer: Supermarkets or other retail stores may use information technology or data mining on checkout items to determine whether certain items are often purchased together. This will help the stores decide where to place the items in relation to each other. Many times beer will be purchased with diapers and the beer will be strategically placed near the children's diaper section but on the other side of the aisle. The stores may also just have an end cap of diapers placed on the end or middle of the aisle so it can be seen by the consumers.

Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of medium income, who would be a logical secondary target market? A. Men who want to buy a gift B. Women with very high incomes C. The general public D. Grandparents

Answers

I would say A: Men who want to buy gifts. 

Answer:

A. Men who want to buy a gift

Explanation:

A secondary target market is the part of all potential business customers most likely to buy your product second. They differ from the most populous and profitable primary target market in characteristics, behavior and number. Although they do not generate as much profit, the secondary target market is worth the marketing effort because of its relationship and potential influence on the primary target market.

Regarding Caroline's business, she sells jewelry to be worn by middle-income women. As we know a jewelry business, its main target market is women, since they are the majority of the population that uses jewelry. However, it is not uncommon for men to buy jewelry as a gift, in which case these men are the secondary target market.

A _____ is a group of employees responsible for an entire work process or segment that delivers a product to an internal or external customer.

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This is a self- directed work team. They manufacture the work themselves, and all members on the team are colleagues and equals, they do not have a supervisor, at least not within their nuclear group. They are directly responsible for customer satisfaction with the results of their labor, so their role carries a lot of weight.

Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting salary some years ago. if the consumer price index the year dave begins work is 180.5 and the year his dad started work it was 110.8, dave is:

Answers

Using the two cpi's for Dave's Dad and Dave of 110.8 and 180.5, the increase is 1.62 so it is necessary to multiply Dave's Dad's salary of $28,000 x 1.62 getting $45,613 so actually his starting salary in present terms was a little more than Dave is getting now, or $45614.

The most appropriate answer is C) incorrect; adjusting for price changes, his salary is less than his dad's salary.

The question we need to address is whether Dave's nominal salary of $45,000 with a consumer price index (CPI) of 180.5 represents a higher real salary than his dad's nominal salary of $28,000 with a CPI of 110.8. To compare the salaries with equivalent purchasing power, we must adjust them to real values. This process will help us understand which salary was effectively higher when adjusted for inflation over time.

To adjust the salaries, we apply the formula for converting nominal values to real values using a base year. The formula is:

Real Salary = (Nominal Salary / CPI of salary year) × CPI of base year

In Dave's case, using his start year as the base year:

Dave's Real Salary = ($45,000 / 180.5) × 180.5

This equals $45,000, which indicates that the effect of inflation does not need to be considered for Dave since we are using his start year as the base year.

For Dave's dad, we adjust his salary to the base year of Dave's start year:

Dad's Real Salary = ($28,000 / 110.8) × 180.5

When we calculate this, we get:

Dad's Real Salary = ($28,000 / 110.8) × 180.5 = $45,426.53

Comparing the two real salaries, we find that Dave's dad has a slightly higher real salary when adjusted for inflation. Therefore, Dave is incorrect in his assertion, and the correct answer would be:

C) incorrect; adjusting for price changes, his salary is less than his dad's salary.

Complete question:

Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting salary some years ago. If the consumer price index t year Dave begins work is 180.5 while the consumer price index the year his dad started work was 110.8, Dave is:_______.

A) correct; adjusting for price changes, his salary is more than his dad's salary

B) correct; adjusting for quantity changes, his salary is more than his dad's salary.

C) incorrect; adjusting for price changes, his salary is less than his dad's salary

D) incorrect; adjusting for quantity changes, his salary is less than his dad's salary.

Why should managers be concerned about how the decisions they make affect others?

Answers

Because they are the leaders and if they make a decision and it make she other people fail it could cause them there job or make the store go down hill. It could make everyone fail and then if they fail the store fails

explain the role played by the chemical lysophosphatidylcholine in the removal of dying cells

Answers

The chemical lysophosphatidylcholine is released from dying cells as one of a number of "find-me" signals, which serve to recruit motile resident phagocytes (with the capacity to engulf apoptotic cells) to the proximity of the apoptotic (dying) cell.

A good reason for cutting meats and poultry into thin slices for sandwiches is that

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A good reason for cutting meats and poultry into thin slices for sandwiches is that thin cuts are more delicate, a sandwich produced using dainty cuts is less demanding to eat and many thin cuts make a thicker sandwich than maybe a couple thick cuts of a similar aggregate weight.

In order to maximize profits in the short run a firm should produce where

Answers

From experience, I know that in mining, the mining companies often start producing where the ore grade is the highest so that they can pay off their capital costs early and then continue with the lower grade when their costs are under control.

Answer:AVT is minimized

Explanation:

What are the benefits of a long-term bond over a short-term bond?

Answers

A longer-term bond carries greater risk that higher inflation could reduce the value of payments, as well as greater risk that higher overall interest rates could cause the bond's price to fall. Bonds with maturities of one to 10 years are sufficient for most long-term investors.

Its c---------------------------------------

has grater risks but a greater return

How can an academic career plan help you plan your career goals?


In addition to creating an academic career plan, what other recommendation is offered to help you plan for your career?



Why is it recommended that you periodically meet with your caregiver and school personnel?



What is true about the requirements of your academic career plan?

Answers

A career strategy relies on strong foundations. It will teach you from life values, skills, knowledge and personal qualities to career planning barriers. The smarter system can be useful for planning your career goals:
Specific: be as clear as you can and avoid ambiguous statements.
Measurable: so you can see what you have achieved. ECT..........

Answer:

So you can learn what obstacles may be in your path and what challenges you may face and how to resolve that conflict on your path to success and to your goals.

Explanation:

This is for the question:

Why is it recommended that you periodically meet with your caregiver and school personnel?

Compared to producers, consumers will lose the lesser amount of surplus from a tax if

Answers

If a demand is more elastic than supply, consumer will lose the lesser amount of surplus from a tax. Producers carry most of the cost of the tax if demand is more elastic than supply, if the supply is more than elastic than demand consumers will carry most the tax load. Tax is the number one source of revenue of the government.

(tco 7) which access control method is characterized by the information owner being responsible for assigning privileges to appropriate users?

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Web applications need access controls to allow users (with varying privileges) to use the application.They also need administrators to manage the applications access control rules and the granting of permissions or entitlements to users and other entities. Various access control design methodologies are available. To choose the most appropriate one, a risk assessment needs to be performed to identify threats and vulnerabilities specific to your application, so that the proper access control methodology is appropriate for your application.

Which specific software tool would you implement to collect and analyze your company's "big data"?

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The software tool that implemented to collect and analyze a company's data is called a database, which is programed in SQL.

Horticulture is how both the natural and artificial physical features of a place are arranged. True False

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The answer is true!!!!

How does a building become rent stabilized from rent controlled?

Answers

When vacant, the unit becomes rent stabilized, except in buildings with fewer than six units, where it is usually removed from the program. ... Rent control does not generally apply to units built after 1947.
Hope This Helps!
-Yasin

(Choose all that apply)
Which of the following statements are true of checking accounts?
1. Most checking accounts pay interest on deposits.
2. When you write a check the bank takes money from your account and pays it to the person who submits the check.
3. The bank keeps track of how much money you have left in your account and sends you a statement each month.
4. A charge is usually made for this service.

Answers

All of the following choices and statements are true of checking accounts so the answer would be all of the above.
They are all correct so it would be all of the above.

__________ is a major skill needed in tennis?

Answers

Hand and eye coordination

If you injure yourself bungee jumping and sue the bungee jumping company, what might the bungee company claim in defense?

Answers

The bungee company can claim you knew the risks of bungee jumping as the jumper signed and complied with all the paperwork and consent forms before performing the jump.

The bungee company might claim that you signed a waiver acknowledging the inherent risks of bungee jumping and accepting responsibility for any injuries, thus limiting their liability.

These defenses could include:

Assumption of Risk: The bungee jumping company might argue that you assumed the risk by choosing to participate in a dangerous activity. By voluntarily engaging in bungee jumping, you acknowledged and accepted the inherent risks associated with it.

Waiver of Liability: Many bungee jumping companies require participants to sign a waiver before participating. This waiver typically includes a clause that releases the company from liability in case of injury. If you signed such a waiver, the company could argue that you have waived your right to sue.

Contributory Negligence: The company might claim that your negligence contributed to the injury. For example, if you did not follow the safety instructions properly, the company could argue that you are partially responsible for the accident.

Compliance with Safety Regulations: The company might defend itself by proving that it followed all industry safety standards and regulations. If they can show that all safety protocols were strictly followed, it might be difficult to prove that the company was negligent.

Equipment Inspection and Maintenance: The company can argue that they regularly inspect and maintain their equipment, ensuring it is in good working condition. They might use logs of inspections and maintenance records as evidence.

Overall, a combination of these defenses can help the bungee jumping company argue it was not negligent and reduce its liability in the case of an injury.

________ organizations are also called project organizations.

Answers

Non-Profit Organizations.

Final answer:

Matrix organizations are known as project organizations, characterized by a hybrid structure that facilitates collaboration and efficiency across various departments, supporting dynamic project management.

Explanation:

Matrix organizations are also called project organizations. These types of organizations are defined by their structure, which combines elements of both functional and divisional organizational structures. In a matrix organization, individuals work across teams and projects as well as within their own department or function.

For example, in a matrix organization, a team member might report to both a functional manager and a project manager. This dual-reporting structure helps to ensure that specialized knowledge and expertise are shared across departments, resulting in a more dynamic and flexible work environment. Matrix organizations can be found in various sectors, including publicly held for-profit organizations like  American Airlines, privately owned businesses, not-for-profit organizations, and nongovernmental organizations (NGOs).

These organizations are designed to adapt quickly to changing needs and to efficiently manage projects that require input from various departments. They are often used in complex, knowledge-based enterprises where innovation, efficiency, and collaboration are paramount.

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