The partial payment of $400 for supplies that were purchased earlier on account for a total...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The partial payment of $400 for supplies that were purchased earlier on account for a total of $470 will result in a credit of how much to the cash account? A B C D $470 $400 $70 $170 The partial payment of $400 for supplies that were purchased earlier on account for a total of $470 will result in a credit of how much to the cash account? A B C D $470 $400 $70 $170 The partial payment of $400 for supplies that were purchased earlier on account for a total of $470 will result in a credit of how much to the cash account? A B C D $470 $400 $70 $170
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided belo... View the full answer
Related Book For
Quantitative Methods for Business
ISBN: 978-0840062345
12th edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
Posted Date:
Students also viewed these accounting questions
-
Identify the process evaluation article that you chose and explain why you selected this example. Describe the purpose of the evaluation, the informants, the questions asked, and the results of the...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Suppose a wagon moves due east at 10.1 m/s while a skateboard heads pi 3 radians south of east at 12 m/s. What are the x- and y- components of the velocity of the wagon relative to the skateboard?
-
Describe the two additional Medicare taxes that are assessed on high-income taxpayers.
-
Distinguish between the legal standards of gross negligence and fraud.
-
You need to understand the approach described in question 3 in More Genetic TIPS before answering this question. A gene that is normally expressed in pancreatic cells was cloned and then subjected to...
-
World Gourmet Coffee Company (WGCC) is a distributor and processor of different blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale....
-
Netflix estimates that North American demand for its streaming service has an elasticity of approximately -1.5. In 2022, 74 million subscribers generated revenues of just over $14 billion at an...
-
There is an array A made of N integers. Your task is to choose as many integers from A as possible so that, when they are put in ascending order, all of the differences between all pairs of...
-
Detail your understanding of WORKPLACE strategies, organisational requirements, expectations, policies and procedures. Case Study A: You are employed as a mechanic at AutoMed workshop in Brisbane, 2...
-
Reddington Enterprises is considering the two capital budeting projects with the following cash flows that have a WACC of 11%. Year Redd Wine Vineyards Kaplan Cleaners -200,000 -200,000 1 50,000...
-
For many astute investors, the most important variable of business plans is Blank______. Multiple choice question. the people the environmental context financial projections the idea
-
Find the domain of the function. t-2 P(t)= 31-21 The domain is (Type your answer in interval notation.)
-
What are two considered main business challenges of Amazon in the Middle East market currently? How could it address the same better in the next five years? Discuss. 2.Is Middle East the best market...
-
1. After understanding how blockchain works, describe a business case in which you think blockchain will be useful. Please choose a sector that interests you. 2. From the HP Autonomy case, we knew...
-
You are recruited by the founder of a start-up company to advise her on the optimal capital structure for her company. The sole project of the company will require an initial outlay (at date 0) of...
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
A large distributor of oil-well drilling equipment operated over the past two years with EOQ policies based on an annual holding cost rate of 22%. Under the EOQ policy, a particular product has been...
-
Aggie Power Generation supplies electrical power to residential customers for many U.S. cities. Its main power generation plants are located in Los Angeles, Tulsa, and Seattle. The following table...
-
Reconsider the Welte Mutual Funds problem from Section 9.2. Define your decision variables as the fraction of funds invested in each security. Also, modify the constraints limiting investments in the...
-
Gross profit is (A) Excess of sales over cost of goods sold (B) Sales less purchases (C) Cost of goods sold + opening inventory (D) Net profit less expenses of the period
-
To find the value of closing inventory at the end of a period we (A) Do this by physically counting the inventory (i.e. stocktaking) (B) Look in the inventory account (C) Deduct opening inventory...
-
Net profit is calculated in the (A) Trading account (B) Profit and loss account (C) Trial balance (D) Statement of financial position
Study smarter with the SolutionInn App