On May 12, 2022, Hudson Merchandise sold merchandise on account to Guzman Housewares for $6,897, terms 3/10, n/30. If Guzman returns merchandise with a sale price of $318 on May 15, 2022, what amount will Hudson record in their Cash account if Guzman pays in full on May 20, 2022

Answers

Answer 1

The amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.

Using this formula

Cash account =[(Merchandise on account - Merchandise sale price)× (1-Discount rate)]

Where:

Merchandise on account=$6,897

Merchandise sale price=$318

Discount rate=3%

Let plug in the formula

Cash account=[($6,897 - $318)×(1-0.03)]

Cash account=$6,579× 0.97

Cash account= $6.381.63

Inconclusion the amount that Hudson will record in their Cash account if Guzman pays in full on May 20, 2022 is $6381.63.

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Related Questions

There is no direct relationship between economies of scale and economies of scope because A. economies of scale pertain to one output and economies of scope pertain to more than one output. B. economies of scale pertain to and economies of scope pertain to . C. economies of scale pertain to and economies of scope pertain to . D. economies of scale pertain to more than one input and economies of scope pertain to one input. E. economies of scale pertain to one input and economies of scope pertain to more than one input.

Answers

Answer:

c

Explanation:

Fill in the blank. . Roughly ___ million trademarks are registered with the U.S. government.

A. 10
B. 12
C. 2
D. 5

Answers

Roughly 2 million trademarks are registered with the U.S. government.

What is a Registered Trademark?

This refers to the intellectual property of an individual or business that is duly registered and bears a mark, sign or symbol.

Hence, we can see that according to the official count, there are about 1.9 million trademarks that are registered with the American government, and thus, when roughly stated, one can say that they are 2 million and option C is correct.

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individuals in different segments should have ______ within the segment and ______ across the segments.

Answers

Answer:

similarities; differences Is correct answer

Explanation:

individuals in different segments should have similarities within the segment and differences across the segments.

(Hope this helps can I pls have brainlist (crown)☺️)

Why is it important for a company to have structure?:​

Answers

Answer :

It is important to give your company a framework that allows it to grow over time. Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency

Answer: Organizational structure provides guidance to all employees by laying out the official reporting relationships that govern the workflow of the company. A formal outline of a company's structure makes it easier to add new positions in the company, as well, providing a flexible and ready means for growth.

Explanation:

List 4 stakeholders

Answers

Answer:

Employees,Governments,Local communities,customer

What is institutional advertising focused on promoting?
____________________
A. A company
B. The Internet
C. A service
D. A good

Answers

Answer:

BONJOUR,

A OPTION IS THE ANSWER

MERCI

what is the primary source of fuel in south america

Answers

The primary source of fuel in South America is petroleum.

Thinking about your office or college, what types of
information are conveyed through the grapevine? How
often is the information accurate?

Answers

Answer: I would experience a lot of cluster chains speaking on if someone was in trouble. An employee would be called to the back office if they were either in trouble or getting a promotion.

Explanation:

Some companies expand successful retail businesses by entering into contracts that give others the right to operate businesses with the same name and format. This is called ______. Multiple choice question. franchising an administered vertical marketing system licensing co-branding

Answers

Answer:the answer is franchising

Explanation:

Franchises are contracts or stores and are given to public people to own and operate

Franchising is when some companies expand successful retail businesses by entering into contracts which give others right to operate businesses.

What is franchising?

Franchising refers to an arrangement whereby a one party gives aproval for the other party to trade in his name with all rights and privileges.

Advantages of owning a franchise are :

Franchise owner gets valuable help throughout the lifespan of the business. Owning a franchise comes with a low rate of failure.

Hence, franchising is when some companies expand successful retail businesses by entering into contracts  which give others right to operate businesses.

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You have opened a for-profit adult technical school and you want to advertise it to potential students throughout your state.

Which marketing method would be most appropriate?

Question 2 options:

Local Television Ad


Social Media


Email


Distribute Flyers

Answers

Answer: Local Television Ad

Explanation: I took the test

The correct option is B. Local Television Ad marketing method would be most appropriate for advertising it to potential students throughout your state.

Why is television the most effective media?

Thanks to several mechanisms ensuring the quality of the commercials shown on TV, as opposed to those shown on the Internet or apps, which are not always reviewed, the contents, the messages, and the sponsors that appear there are "safe." TV is the safest media since it reaches a large and varied audience.

As a result of the TV. It continues to be the most successful medium for brand recognition. TV advertising helps establish, develop, and expand brands. Unlike a sponsored post or search result, TV advertising helps firms become well-known and keeps them fresh in your mind for a much longer period of time.

Thus, The best choice is B. The best marketing strategy would be to use local television ads to reach prospective students all around your state.

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IF YOU CAN HELP ME, I WILL GIVE U BRAINLIEST!!!! HIGHEST POSSIBLE AMOUNT OF POINTS BECAUSE I'M SO STUCK!!!!!
If you could just explain it for me, I would be so grateful!!

Step 1: Read the Scenario
Because of the great work you’ve been doing for your department at running shoe company Runner Rush, your vice president has elected you to join an innovative cross-departmental team in your organization. The company is looking to launch a new shoe that enhances any runner’s speed. Management wants this new team to create an idea within a month. All the members of the team are alleviated of some of their regular job duties in order to join several meetings a week to brainstorm and design the new product.
Step 2: Develop a Month Plan
You have been appointed as the team leader. Develop a month plan that you will present to your teammates at the initial meeting. Focus on developing a strong team dynamic, setting goals, expectations, deadlines, and other elements that will lead the team to success. Make sure that your plan is easy to follow and clearly outlines all the required information.

Answers

I T S W A I T I F O R G O T T H E A N W S E R S O R R Y B U T I F I G E T T H E A N W S E R B A C K U P O N M Y P H O N E I W I L L L E T Y O U K N O W

how did the geographic location of harappa affect trade?

Answers

Answer:

The city was convenient for trading opportunities.

Explanation:

rhodes borrowed $5,000 by signing a 5-year note with an interest rate of 8%. on the date the note is signed, rhodes should

Answers

On the date the note is signed, rhodes should credit Note payable for $5,000.

Note payable is a loan agreement that is put down in written were the borrower agreed to pay the lender the certain amount he or she borrowed from the lender and must be signed by the borrower.

In Note payable the borrower as well will have to pay interest on the amount borrowed or the interest accrued on the amount borrowed on the due date.

The journal entry on the date the note is signed is:

Debit Cash $5,000

Credit Note payable $5,000

(To record note payable)

Inconclusion on the date the note is signed, rhodes should credit Note payable for $5,000.

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how does the inventory costing methods affect the income statement when costs tend to rise over time?

Answers

Answer:

Cost of Goods Sold on the income statement differs between the methods causing

Income Tax Expense to differ.

Explanation:

Answer:cost of good sold on the income statement

Explanation:

A loss is when:
A. Revenue is greater than expenses.
B. Revenue is less than expenses.
C. Revenue is equal to expenses.
D. None of the above.
83°F Sunny

Answers

Answer:

a if revenue is greater the loss in money will deplinish

The right answer would be B because revenue means income

of the 4 companies listed below, which company is more likely to use specific identification to value its inventory and cost of goods sold?

Answers

The question did not supply the four listed companies.

However, the companies that usually use the specific identification methods to value their ending inventory and the cost of goods sold are the companies that trade unique and high-value goods.

For a piece of jewelry, each item is usually unique, and they are not mass-produced. Such a company can use the specific identification to track the cost of each item. Companies selling heavy equipment can also use the specific identification method to value their inventory.

Thus, the specific identification method enables the company to determine the cost of its ending inventory and the cost of goods sold.

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the total cost of an asset less its accumulated depreciation is called

Answers

Answer:

Depreciation is called its net cost or carrying amount.

Select the correct answer.
Which technique helps you become more resourceful?
A.
looking at current trends
B.
looking for perfect solutions
C.
thinking like a child
D.
thinking more logically

Answers

Answer:

Thinking more logically

Answer:

it isnt think logically

Explanation:

[tex]\sf What\: is\: a\: press \:release\:?[/tex]

Answers

A press release is an official statement by a business that is given to the press for public knowledge.

The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was sold on November 1, Year 5. The new owner assumed the bonded indebtedness associated with this property. How should this event be presented in the financial statements?

Answers

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

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Do you believe that employees communication helps on a business?​

Answers

Answer:

Yea I do cus the more people understand each other the more things go by smoothly, you know there's a saying, ✨communication✨ is the answer

A farmer producing soybeans sells her product in a perfectly competitive market. The current market price of soybeans is $20 a bushel. If the farmer asks $21 per bushel for her soybeans, she will sell a. half of her crop. b. all she wants. c. zero. d. the amount that maximizes her profit

Answers

Answer: 41 Dolars

Explanation: easy

In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called _____________. To obtain this measure we divide the _____________ by the ____________. This measure shows the amount of_____________ per unit of return and provides a more useful risk measure when the expected returns on two alternatives are different.

Answers

Based on the information given in the paragraph above, the measures that fill in the blanks in order are:

Coefficient of Variation Standard deviation Expected return Risk

When we have an investment with a higher expected return and a higher standard deviation than another investment, we can then base our decision on the amount of risk that we incur per return of the investment.

This measure is called the coefficient of variation and it is calculated thus:

= Standard deviation / Expected return

This will then show you the risk incurred per unit of return. The investment with the lower coefficient is the better one.

In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called Coefficient of Variation. To obtain this measure we divide the Standard deviation by the Expected return. This measure shows the amount of Risk per unit of return...

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which country in the world consumes the most coca-cola per capita?

Answers

Answer:

Mexico

Explanation:

Mexico.

What are the advantages of conducting research in different fields of disciplines?​

Answers

Explanation:

1. research expands your knowledge base

2. research builds your credibility

3. research gives you the latest information

cost flow is in the order in which costs were incurred when using

Answers

Answers : last in, first out

Explanation:

Walmart is the biggest seller of raw chicken to the top 10 fast food chains in the United States. Walmart
purchases all its raw chicken from Germany. The United States is upset with Germany for Human Rights
Violations and has created___________
thus preventing Walmart from purchasing any products,
including raw chicken from Germany,
A.Embargo
B.Globalization
C.Absolute Advantage

Answers

Answer: Embargo

Explanation:

Look the definition up. It’s where you stop trade from another country I believe

Embargo, I’m pretty sure. I hope you get it right.

The price of a good or service must ____.
A. be lower than what customers are willing to pay
B. be below any government price floor
C. cover the cost of producing and selling the product
D. not be below the manufacturer's suggested retail price (MSRP)

Answers

Answer:

c. cover the cost of producing and selling the product

A new pizza restaurant is opening in town. The owners of this restaurant decide to place an advertisement in the town newspaper announcing the date of their big opening. The owners of the restaurant are using ________. A) mass communications B) a push strategy C) word-of-mouth communications D) public relations

Answers

Answer:

Answer is A

Explanation:

They are trying to get the word out to many people so their business grows. So they are using mass communication to do so.

True or False: Promotional activities are not included in budgeting with other business expenses.

Answers

It is True that Promotional activities are not included in budgeting with other business expenses.

This is based on standard accounting practice, which states that the promotional budget is a separate amount from the business budget, and it is meant to promote the business activities.

A promotional budget is often determined as a percentage of the business budget cost. The promotional budget is usually earmarked separately. It can be a proportion from profits, sales, production, etc.

Hence, in this case, it is concluded that the promotional budget is not included in the business budget cost.

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