Concord Company sells merchandise on account for $3300 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company returns $800 of merchandise that was damaged, along with a check to settle the account within the discount period. What entry does Concord Company make upon receipt of the check

Answers

Answer 1

Answer:

Dr Cash $825

Cr Sales Returns and Allowances $800

Cr Sales Discounts $25

Explanation:

Preparation of the journal entry that Concord Company make upon receipt of the check

Dr Cash $825

($800+$25)

Cr Sales Returns and Allowances $800

Cr Sales Discounts $25

(To record receipt of the check)

Sales discount=(Sales Price -Sales return) × 1%

Sales discount=($3300 - $800) × 1% = $25


Related Questions

Do you think that interest and capacity play a great role to get success in a profession?Give your opinion.​

Answers

Answer:

For many people, interest is a driving factor for motivation and happiness in their life. Interest is one of the important parts while choosing a career. When we love what we are doing, we will always put our best performance forward and strive to learn more. Consequently, that will enhance our self-confidence as well.

Explanation:

It is important to know yourself and your capacities. Your strengths are things you can leverage on, things you can use to push yourself further. On the other hand, your weaknesses are not your downfall. So,interest and capacity is important in our career.

Yes, I think interest and capacity play a great role to get success in a profession.

What is interest?

An interest is a desire or want to do/hear something or someone. interest can be stated as an emotion that a person possess regarding something. a person is said to be interested if that particular thing excites or gives a joyful feeling to person while doing that particular act. interest is very essential in a profession to be successful because if a person is not interested in particular subject and profession how can that person provide best services out of that profession.

What is capacity?

Capacity is an ability of a person to perform a particular job or to do a particular task. capacity here refers to the thinking capacity or mental capability that is required in a profession. this is another ingredient that is very important to be successful in any profession.

for example you cannot ask a 5 year old to be judge in a court because that person doesn't possess such professional skill along with it he is not capable to think and provide service for same profession.

What is profession?

A profession is a field of work that requires special knowledge and training over a period of time. a person doing profession is known as professionals. the profession is basically a way of knowing and learning skills and education for a particular subjects such as law, medical. the practitioners of professions are said to be expert of such profession.

Hence, to get successful in a profession, interest and capacity is very important and essential as interest creates curiosity and eagerness to learn that particular profession in every manner and explore every aspect of that profession to provide best service out of it along with it the capacity to grasp and learn such skills to be expert in such profession is also required.

Therefore, a successful professional is one that have interest in that particular field and also capable to learn and evolve in that particular profession according to need and requirement.

Supporting answer

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The clerical and editorial employees in a publishing house need to be at their desks by 8:00 AM and follow a set of precise procedures dictated by management. The jobs of these clerical and editorial employees ________.

Answers

Answer: Formalization

Explanation:

Formalization could be defined as the length of an organization's policies, description and rules all spelt out for everyone to see. What makes up formalized structures or what we can know them for are their rules and regulations.

The jobs of these clerical and editorial employees are related to Formalization, they either form this rules out with the management or play the role of spelling it out(written) for all to see.

Place the steps of the marketing research approach in the correct order. (Note: the first step should be the top item on your list and the last step should be at the bottom of your list) Instructions Choice 1 of 5. develop the research plan toggle button develop the research plan Choice 2 of 5. collect relevant information toggle button collect relevant information Choice 3 of 5. develop findings toggle button develop findings Choice 4 of 5. take marketing actions toggle button take marketing actions Choice 5 of 5. define the problem toggle button define the problem

Answers

Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

Choice 3 of 5. Develop findings

Choice 4 of 5. Take marketing actions

Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

Step 3: Formulation of research designs through which data and information are collected

Step 4: The collection and analysis

Step 5: Presentation of report and take marketing action

Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

The fieldwork in collection of data from the listed sources in the research blueprint

Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

The implementation of the made decision

Answer:

1. Defining objectives and needs

2. Designing the research

3. Collecting the data

4. Analyzing data and developing insights

5. Developing and implementing an action plan

Lets say you were a teacher. If parent approaches you to encourage you to give information about another child, what should you do.

Answers

first of all I will ask the parents what's the matter, if they explain me then also I will not going to give the child's information, I will contact to the principal about this matter and school management will look out at this matter.

I surely won't give.Privacy of children is my first priority .If some one acquires that Then it will hamper that students privacy .So I won't give.

MC Qu. 05 Within the marketing concept, a service... Within the marketing concept, a service orientation is an integrated organizational effort that revolves around Multiple Choice finding out what consumers want and providing it for them. making goods and services that will earn the most profit. training employees to sell services in unique ways. making sure customers are satisfied.

Answers

Answer:

making sure customers are satisfied.

Explanation:

A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements. Thus, it is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.

Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.

On a related note, it typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Within the marketing concept, a service orientation is an integrated organizational effort that revolves around making sure customers are satisfied.

Karl and Kara own a business that specializes in providing outdoor adventure experiences for tourists. They employ a staff of eight adventure guides who are responsible for providing each client with a safe and enjoyable outdoor experience. Recently, Karl and Kara received a number of complaints about the guides from clients. Karl believes that the problem can be resolved by providing the guides with additional customer service and communication training. But Kara suggests that before investing resources into training, they should conduct a needs assessment to see if training is the best solution, and if so, which type of training would be the most beneficial.

Answers

Answer: Needs assessment

Explanation:

Your question isn't well written as you've already given the answer to the question which is needs assessment.

A needs assessment is used for determining the needs as well as addressing the needs between the present conditions and the desired conditions.

The main purpose of needs assessment is in order to know the people whom are in need and the types of needs.

Suppose the demand for cherries sold from roadside stands in Michigan is perfectly elastic. The owner of one roadside stand raises the price of cherries by 10%, as a result 1 point A. Zero cherries are sold at this stand. B. No change in the quantity demanded at this stand. C. A 10% decrease in the quantity demanded at this stand. D. A 10% increase in the quantity demanded at this stand. E. All available cherries will be sold.

Answers

Answer:

A

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

it is in perfectly competitive markets that demand is perfectly elastic

What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order

Answers

Answer:

B. requisition

Explanation:

i have done this before, hope i helped

I think b
Hope its help for your questions

Sports and marketing have to compete on which angle if they want to be relevant to the 21st century market?

cheapest prices

scarcest supply

most appealing

quickest distribution

Answers

Answer:

cheapest prices

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.

Hence, sports and marketing have to compete on the cheapest prices, if they want to be relevant to the 21st century market because it's the most important factor that influences the willingness of a consumer to buy a good or take a service.

Daniel wants to buy a laptop computer, and he has $300 in savings. He can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. What should Daniel do next?

Answers

Answer:

He should buy a refurbished computer

Explanation:

This saves him 179  dollars

Lucia wants to use a safe deposit box. What will this process MOST likely include? A. visiting a bank and paying a fee B. uploading documents to a computer C. getting someone to cosign for his box D. applying for a loan

Answers

Answer: Answer is A,,,,,,,,,,

Lucia wants to use a safe deposit box. The process MOST likely include is visiting a bank and paying a fee. Thus the correct option is A.

What is a Bank?

A bank is referred to as a financial institution that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for investment.

The bank provides you with a key when you rent a deposit box from them, and you must apply it in combination with a second "guard key" kept by a bank employee to open the box.

In the given case, it is explained that Lucia wants to use a safe deposit box. Banks are referred to as financial institutions that are connected or authorized by Government due to which they are considered as safe.

Therefore, option A is appropriate.

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The general term for the payments for the use of resources is ______?
A. wages
B. rent
C. interest
D. factor payments​

Answers

A. Wages is the general term for the payments for the use of resources

The umbrella word used to describe payments for the usage of resources is Factor payments. Hence, Option D is correct.

What is factor payment?

Factor payments in economics are the compensation that individuals receive for providing the factors of production—land, labor, capital, or entrepreneurialism. Payments made with limited resources or production inputs in exchange for useful services.

 

Rent, wages and salaries for work, interest and dividends are the factor payments received for land, labor, and capital, respectively. It describes one method for determining GDP using income.

The factor income technique, also referred to as the "income approach," calculates GDP by adding employee wages, rent, interest, and profit. Payments provided to production factors, such as rent, interest, profit, wages, etc., are referred to as factors payments.

Thus, Option D is correct.

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Suppose that Paolo divorces Sharon and leaves the family without paying alimony or child support. Sharon must now support her two children alone,
so she begins working full time and earns a total of $16,000. Are Sharon and her children living in poverty?

O Yes

O no

Answers

Answer:

yes, based on chart and the number of children. her income level is well bow poverty. if you multiple the number in household under 65 related the income level should be well above 16000

Providing incentives for customers to learn more about your service is known as
A. branding
(B. advertising Not the answer)
C. permission marketing.
D. search engine optimization.

Answers

For your answer it’s letter c Because Providing incentives for customers to learn more about your services is known as Permission marketing

Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $420 and has a unit contribution margin of $165; the Adult model sells for $970 and has a unit contribution margin of $510; and the Recreational model sells for $1,120 and has a unit contribution margin of $560. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,620,000, calculate the firm's contribution margin per composite unit.

Answers

Answer:

the  firm's contribution margin per composite unit is $8,775

Explanation:

The computation of the firm's contribution margin per composite unit is given below:

= $165 × 5 + $510 × 9 + $560 × 6

= $825 + $4,590 + $3,360

= $8,775

Hence, the  firm's contribution margin per composite unit is $8,775

Therefore the same is to be considered and relevant

The practitioner completes an incision and drainage of a patient's infected right heel, which tested positive for MRSA. What statement is true regarding how the perioperative team should perform postoperative cleaning after this patient leaves the OR?

Answers

Answer:

after the patient leave

Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break into their system. Even though the financial firm has strict restrictions on access to their trash, Toby has been able to bypass these restrictions. How has Toby most likely done this

Answers

Answer:

By acting or posing as a waste management collector looking to fix the dumpster or collect the debris

Explanation:

The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime

Cyber crime

This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.

Computer fraud

This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.

Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.

The Affordable Care Act (ACA) requires insurance companies to adhere to the: Group of answer choices pure community rating approach for individuals and small businesses. adjusted community rating approach for individuals and small businesses. same standards used by the Social Security Administration. pure community rating approach for college communities. cost-of-living adjustment (COLA) for individuals and small businesses.

Answers

Answer:

adjusted community rating approach for individuals and small businesses.

Explanation:

The Affordable Care Act (ACA) requires insurance companies to adhere to the adjusted community rating approach for individuals and small businesses.

The WBS is best suited for design and construction projects that have tangible outcomes. When the final outcome of the project is less tangible or it is the result of a series of steps or phases, some project managers choose to utilize a(n) ___________. Multiple Choice Responsibility Matrix (RM) Organization Breakdown Structure (OBS) Work Breakdown Structure (WBS) Modified Process Breakdown Structure (PBS) Project Priority Matrix (PPM)

Answers

Answer:

Process Breakdown Structure (PBS)

Explanation:

Since in the question it is mentioned that WBS should be best suited for design & construction projects so there is tangible results

now if the final result should be lower tangible so here the project manager should select the project breakdown structure as the process of the project should be driven via requirement of the performance but not with the plans or the blueprints

causes of corruption?​

Answers

Answer:

Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.

Explanation:

Answer:

MAIN CAUSE OF CORRUPTION ATE

1)GREATER NUMBER OF POPULATION.

2) WEAKNESS OF THE SOCIETY

3) THERE BE LESS AWARNESS.

4)SELF DESTRUCTIVE MINDED PERSON.

5) MAKING MUCH RICH AND LIVING COMFORTABLE

Which statement best describes the outlook for small businesses in international markets? Multiple Choice The world is a larger, and potentially a more lucrative market than the U.S. domestic market. Most foreign buyers prefer to deal with large, well-known corporations rather than small businesses. Higher business costs eliminate the profit opportunities in global markets. The threat of terrorist activities prevents small businesses from competing internationally.

Answers

Answer:

The correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."

Explanation:

An international market can be described as a market that exists outside of a company's home country's international borders. This is different from a domestic market that is located within company's own country.

The international market comprises of the whole world or all the countries in the world. As a result, the international market is larger and more profitable than the domestic market for small businesses.

Therefore, the correct option is "The world is a larger, and potentially a more lucrative market than the U.S. domestic market."

Which school faculty member should you talk to about enrolling in an AP
course?

Answers

Answer: The guidance counselor

Explanation:

Social worker is someone who helps people cope with the challenges tahtnthwy face in their lives. Social workers work with people who have addiction issues, people with disabilities, children etc.

A paraprofessional refers to someone who's specially trained to support students in school. Such oeeosn can be a teaching assistant, special education paraprofessional etc.

A registrar is the keeper of records in an educational institution whinis charged with the responsibility of registering students, and keeping their academic records.

The guidance counselor is a professional who provides career, academic, and social-emotional competencies to the students in a schoool through counseling. Such person is the faculty member smtaht you should talk to about enrolling in an AP.

course?

An unlevered firm has a cost of capital of 12.46 percent and a tax rate of 35 percent. The firm is considering a new capital structure with 35 percent debt. The interest rate on the debt would be 6.68 percent. What would be the firm's levered cost of

Answers

Answer:

Firm's levered cost of capital = 14.48% (Approx.)

Explanation:

Given:

Cost of capital = 12.46 percent = 0.1246

Tax rate = 35 percent = 35%

New capital structure = 35 percent debt = 35%

Interest rate = 6.68 percent = 0.0668

Find:

Firm's levered cost of capital

Computation:

Firm's levered cost of capital = 0.1246 + [35% / (1 - 35%)](1 - 35%)(0.1246 - 0.0668)

Firm's levered cost of capital = 0.1448

Firm's levered cost of capital = 14.48% (Approx.)

what is business ? please tell us​

Answers

Answer:

Noun, a person's regular occupation, profession, or trade.

Explanation:

. You have determined that Company A's shares have an intrinsic value of $20 per share but are trading at $22 per share, while Company B's shares are worth $25 per share but are trading at $22 per share. What would a rational investor (or an arbitrageur) do to take advantage of this price difference (no short-selling constraint and transaction fee)

Answers

Answer:

a rational investor would short company A's shares and long company B's shares.

Explanation:

Company A's shares are overvalued.

A share is overvalued when its intrinsic value is less than its price

Company B's shares are undervalued.

A share is undervalued when its intrinsic value is greater than its price

It is expected that the price of company's A's share would fall. Investors that are holding this company's share would lose.

On the other hand, it is expected the the price of company B's shares would rise. Investors holding this company's share would gain from the increase in price.

Thus, a rational investor would short short company A's shares and long company B's shares.

The top part of Mars, Inc.'s 2018 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 10 Accrued wages and taxes $ 20 Accounts receivable 40 Accounts payable 30 Inventory 160 Notes payable 40 Total $ 210 Total $ 90 What are Mars, Inc.'s current ratio, quick ratio, and cash ratio for 2018?

Answers

Answer and Explanation:

The calculation is given below:

Current ratio is

= Current assets ÷ current liabilities

= 210 ÷ 90

= 2.33 times

quick ratio is

= Quick assets ÷ current liabilities

= + ($210 - $160) ÷ 90

= 0.56  

And, the Cash ratio is

= cash ÷ Current liabilities

= 0.11

In this way it should be determined

''if there are diminishing returns, the marginal cost curve must be positively sloped '' is true or fall, why?

Answers

Answer to the following question is TRUE.

The given statement "If average cost rises, marginal cost should rise" is correct.

This is because, according to theory, as the estimated price of an item rises, the marginal cost rises more than that rise. And, as the illustration of these two curves shows, when Average Cost grows, so does Marginal Cost.

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Suppose the town of Falls Valley has a mosquito problem. After a bad summer, the town accountants explain that the marginal cost of providing one more treatment for mosquito control is $100,000. The town should provide the additional mosquito control only if the marginal: Group of answer choices social cost of mosquito control is more than $100,000. benefit for any individual citizen is at least $100,000. social cost of mosquito control is less than $100,000. benefits for all individual citizens add up to at least $100,000.

Answers

Answer:

The correct option is "benefits for all individual citizens add up to at least $100,000".

Explanation:

Marginal cost refers to the additional cost incurred in order to provide an additional unit of a commodity.

For a community, town, or country, benefit is maximized when the marginal cost of providing a good or service to the community, town, or country is equal to the sum of the marginal benefit for all individual citizens of the community, town, or country.

Based on the above explanation, the correct option is "benefits for all individual citizens add up to at least $100,000". That is, the town should provide the additional mosquito control only if the marginal benefits for all individual citizens add up to at least $100,000.

If Texia specializes in food, it can produce 1,000 units of food and 0 units of clothing this year. If it specializes in clothing, it can produce 500 units of clothing and 0 units of food. This year Urbania can produce either 500 units of food and 0 units of clothing or 200 units of clothing and 0 units of food. (assume linear production possibility frontiers) _______has the absolute advantage in the production of clothing and ________has the absolute advantage in the production of food. Texia; Texia Texia; Urbania Urbania; Texia Urbania; Urbania

Answers

Answer:

Texia; Texia

Explanation:

A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries

Texia can produce 1000  units of food while Urbania can produce 500  units of food . Texia produces more food

Texia can produce 500 units of clothing while Urbania can produce 200 units of clothing. Texia produces more clothing

Texia has an absolute advantage in both activities

What are the basic points to be considered while running the occupation? for each of them​

Answers

Answer:

interest

qualification

skills

finance

I need points 5),:6)6
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