A debtor owes $850 and is declared bankrupt. He is, however able to pay $0.40 on every dollar owed. How will his payment be recorded?
a. DR CASH $850 CR DEBTOR $850
b. DR CASH $340 CR DEBTOR 340
c. DR DEBTOR $850 CR CASH $850
d. DR DEBTOR $340 CR CASH $340​

Answers

Answer 1

Answer:

BIT B IS THE CORRECT ANSWER

Explanation:

AS IT IS GIVEN IN QUESTION THAT THE DEBTOR IS ABLE TO PAY $0.40 ON PER DOLLAR.

WHICH MEANS BUSINESS RECEIVED 850×0.40/100 =$340

THE DEBTOR PAID $340

THE JOURNAL ENTRY IS

CASH A/C DR $340

BADDEBTS A/C DR $340

TO DEBTOR A/C $680

THIS IS THE CORRECT ANSWER BUT IT'S NOT IN THE OPTION THAT'S WHY ANSWER IS BIT B) .

THANK YOU


Related Questions

only people who own property need insurance


true or false

Answers

Answer:

false

Explanation:

pretty sure that is false as one can have life insurance without property.

Still double check...

what kind of standardized tests do new yorkers take in high school?

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Answer:

regents state tests SAT ACT

Polo (a clothes company) goes out of business. What happens to supply of clothes?
A. The S-curve shifts to the right
B. The S-curve shifts left
C. The S-curve doesn't shift. QS increases
D. The S-curve doesn't shift. QD decreases

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did you end up getting the answer?

Felicia is a case worker and earns $13.47 an hour plus time and a half for weekend work. Last week she worked her regular 40 hours plus 8 hours of overtime on the weekend. What is the total pay for the week?

Answers

Answer:

$700.44

Explanation:

Felicia will earn as follow.

For her 40 regular hours

= $13.47  x 40

=  $538.80  

For her weekend overtime

Eight hours at 1.5 times regular pay  

overtime pay = $13.47  x 1.5 =   $20.21  

8 hours work will be

=  $20.21 x 8

=   $161.64  

Total pay for the week

= $538.80 +  $161.64  

=  $700.44    

Leigh gathers and reviews statistics to judge the level of risk that different customers will encounter negative
outcomes. Leigh's job title is best described as
Julio processes insurance claims by calculating the amount owed and paying it to the correct person or company. His
job title is best described as
Claude researches and investigates insurance claims to determine what happened and how much the insurance
company needs to pay. His job title is best described as
Silvia analyzes insurance applications to determine the level of risk the customer would present. Based on the
customer's level of risk, she decides whether to accept the application and give the customer an insurance policy. Her
job title is best described as

Answers

1-Actuary

2-Insurance Claims Clerk

3-Insurance Adjuster

4-Insurance Underwriter

Leigh's job title is best described as an Actuary.

What does an Actuary do?

Actuaries assess the financial consequences of risk and uncertainty.They assess the risk of potential events using mathematics, statistics, and financial theory, and they assist businesses and clients in developing policies that reduce the cost of that risk. The work of actuaries is critical to the insurance industry.

Julio's job title is best described as Insurance Claims Clerk.

What does an Insurance claim clerk do?

A insurance claims clerk is a professional who verifies the consistency and correctness of insurance claim paperwork.Their primary objective is to settle a claim with an insurance company and finalize payment amounts.Claims clerks also help the claims personnel team with clerical work.

Claude's job title is best described as Insurance Adjuster.

What does an insurance adjuster do?

The insurance adjuster works for the insurance company that pays the claim. They will investigate what occurred and estimate the claim payment.When reviewing your claim, the adjuster may inspect the damages, review police reports, speak with witnesses, or request additional information.

Silvia's job title is best described as an Insurance underwriter.

What does an Insurance underwriter do?

Insurance underwriters use computer software programs to evaluate whether or not to approve an applicant.Insurance underwriters determine whether and under what conditions to provide insurance. They assess insurance applications and set coverage limits and premiums.

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Tony works for an organization that raises awareness about environmental

concerns in the community. He wants to make sure his local congressperson

votes for a new law that would make penalties for polluters more severe. He

knows his congressperson really likes a certain restaurant in town, so he's

thinking about getting him a gift certificate for that restaurant. What ethical

dilemma is Tony facing?

Answers

Answer: C. Whether to give a gift to a politician while lobbying

Explanation:

The options are:

A. Whether to award honoraria to a business leader for reduced pollution.

B. Whether to give a gift to a business leader for reduced pollution

C. Whether to give a gift to a politician while lobbying

D. Whether to award honoraria to a politician while lobbying.

Ethical dilemma occurs when an individual has to make a difficult choice which can end up going against the moral principles.

Based on the situation in the question, the ethical dilemma faced by Tony is whether to give a gift to a politician while lobbying. Even though Tony wants to do the right thing by making sure polluters are punished, giving a gift to the politician is lobbying which is against morally accepted principles.

A password that contains full sentences or lines from a favorite movie or book is called a

•catchphrase
•moviebook
•passbook
•passphase

Answers

Answer:

passphrase is the correct answer

Answer: passphrase

Explanation:

I did the exam

In a planned economy which of the following does the job of market forces in order to determine the outcome

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the answer is the government

WILL MARK BRAINLIEST AND 5 STAR

Select the correct answer from the drop-down menu.

Which type of college credit program does the statement describe?

In a(n) ____ program, a student must pass an exam at the end of course with a 3 out of 5 in order to get college In a(n) credit. Some colleges require even higher scores or they will not accept the credit.

A. International Baccalaureate
B. Advanced Placement
C. Duel Credit
D. Articulated credit​

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Answer:

Advanced Placement

Explanation:

it just is

Answer:

the above answer is correct B

Explanation:

The United States is unique in its use of a 24-hour Internet; in most countries the Internet shuts down between 2:00 AM and 6:00 AM for maintenance. true or false

Answers

Answer:

False

Explanation:

The internet is composed by multiple Hosts and obviously the only way to shut down the internet is to shut down the catrillion computers that all together host the internet.

Compute the stock turnover for a product that has sales of 900 units and an average of 60 units in inventory.

Answers

Answer:

15

Explanation:

900/60=15

15 times is the stock turnover. The stock turnover rate is a common measure of stock performance. This rate represents the number of times a company's stock is 'turned over,' or replaced, in a given year.

Why is stock turnover important to a business?

In essence, inventory turnover is your annual inventory average. It shows how many times your company sold and replaced inventory over a given time period. This figure is significant because it allows companies to plan their financial future.

Given

Sales = 900 units

Average Inventory = 60 units

Required to calculate Stock turnover =?

Stock Turnover = Sales / Average Inventory

                          = 900 / 60 = 15 times

Thus, the stock turnover is 15 times for a stock that has sales of 900 units and an average of 60 units in inventory.

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you to
Provide a list of three reasons why it is important for
have a high school plan (CCRP). For each of your reasons listed,
explain in complete sentences how each reason is going to help
you prepare for your future.
Use the following words in the word bank to guide your writing.
HB5
Endorsement
Career Cluster
High School
Career/Profession
Successful
Soft Skills
Short/Long Term Goal

Answers

Answer:your not looking for an answer

Explanation:

Your looking for someone to write your assignment. Get typing

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answers

Answer:

$228,967

Explanation:

Gross margin is a business's net sales minus the of goods sold (COGS). Therefore, gross margin is the company's revenue after deducting direct costs of producing goods or services.

Calculating gross margins is by  the formula,

Gross margin = revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967

How to make a business tycoon by yourself?

Answers

Answer:

Be Creative: Always be looking for ways to improve your business and to make it stand out from the competition. ...

Get Organized: ...

Be Consistent: ...

Analyze Your Competition: ...

Understand the Risks and Rewards: ...

Stay Focused:

Ability to become a leader: ...

Great decision-maker:

Explanation:

pls give brainliest i need 2 more to be an expert

What is the difference between needs, wants and demand

Answers

Needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items. Demands are requests for specific products that the buyer is willing to and able to pay for.

Explanation:

:))

Kendra needs to organize information about last year's sales. She wants to calculate how much revenue was generated and compare it to sales data from previous years. Which type of program will be the best for Kendra to use to help her achieve task

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Answer:spreadsheet program - apex

Explanation:

Just took the test and failed that question

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Answer:

imagination ink.

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we produce imaginations, your in need of one

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Answer:

Explanation:

A Unique Selling Proposition (USP) is a unique selling point or slogan that differentiates a product or service from its competitors. A USP may include words such as the "lowest cost," "the highest quality," or "the first-ever," which indicates to customers what your product or service has that your competitors do not.

US farmers start cutting down their pecans groves to make more land available to plant more profitable crops would cause the supply of
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A. Increase right
B. Decrease left
C. Not change

Answers

Answer:

b

Explanation:

cuz

Answer:

I would say that it would decrease

Explanation:

is the economic term for the total money circulating at any one time in a country.
O Fiscal Fund
O Money Supply
O Money Inventory
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I think the correct answer is “Money supply”

WILL GIVE BRAINLEST ASAP!!!!!! Good afternoon can someone answer this please

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The answer is C i took the test

What does "total opens" measure?

Answers

Answer:  

The difference between the two types of opens is that Unique opens is defined as the number of the distinct recipients that have opened your campaign. ... The Total opens number on the other hand equals the total number of times that your campaign has been opened by all the recipients who have received it.

Explanation: Hopefully this helped!

what would you do if you were cyber-bullie​

Answers

Answer:

I would report to an adult and then block them from whatever they were cyberbullying me on

Explanation:

Which table correctly lists the assets and liabilities?

A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.

Answers

Answer:

A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.

Explanation:

An asset is a valuable item that a person or a corporation owns. An asset has an economic or monetary value attached to it.  It is a resource used in generating future benefits, save costs, or produce goods and services. From the list provided, a car, home, savings bond, stocks represent assets.

Liabilities are things or money owed. They are debts or obligations to be met. A mortgage is a debt; hence it is a liability. A leased car belongs to someone else and presents an obligation to pay, making it a liability. The tax bill is a debt.

Answer:

The answer is D.  

Hope you past the Cumulative Exam Review!

Explanation:

This activity is important because it covers important terms for effective money management. The goal of this exercise is to identify the best ways to manage your personal finances. Complete each statement with the correct term. Note not all terms will be used.

Answers

Remainder Part of the Question:

Build Your Financial Base Terms:

The ______ is one of the best places to put your money.

A _______ is one of the worst places to keep long-term investments.

You can use a _______ to keep track of purchases.

Your _______ is likely to be the largest of the most important investments you make.

It is wise to plan your financial future with _______.

Available Options are:

Credit Card, Bank Account, Home, Uncertainity, Excitement, car, insurance, stock market, payday loan.

Answers:

A. Stock market

B. Bank Account

C. Credit Card

D. Home

E. Insurance

Explanation:

A. The Stock Market is one of the best places to put your money.

Stock markets are the source of raising funds for investments by the companies. The stock market helps the investor to choose the investment with appropriate returns and risks. Furthermore the investor can also diversify its return by managing the portfolio of investments.

B. A Bank Account is one of the worst places to keep long term investment

The lowest returns are on saving accounts hence it is the worst place for long term investments.

C. You can use Credit Card to keep a track of your purchases.

Credit cards can be used for tracking all of purchases because monthly statement mailed to you includes all the spendings during the year.

D. Your Home is likely to be the largest of the most important investments you make

Buying home is considered as one of the largest investments as it takes substantial savings of the person to buy an house. A roughly estimate would be the savings of 3-4 years for a small house for a couple.

E. It is wise to plan your financial future with Insurance.

Because Insurance helps you to lower your financial risks. The risk is associated with life, home, car, and physical assets and thus the investor must use insurance facility.

How many times does 50 go into 1 million please help im dieing to know

Answers

Answer:20,000 times

Explanation:

In IS implementation, which factor can lead to the risk of loss of confidentiality?
A.
loss of key employees
B.
poor password practices
C.
loss of hardware
D.
unskilled personnel

Answers

Answer:

B. poor passward practices

Explanation:

I dont have one exept that I took the edmentum test and it was right.

Answer:

THe answer is B

Explanation:

Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part of his job?

He researches, analyzes, and summarizes information about fraud.
He assesses financial situations using mathematical models.
He analyzes tax information using mathematical formulas.
He manages the paperwork for buying and selling securities.

Answers

Answer:b

Explanation:

Answer:

b

Explanation:

What does it mean to “authenticate” your payment? How do these payment systems authenticate?

Answers

Answer:

Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.

Identify the coefficient and exponent of these very large and very small numbers represented in scientific notation. Identify how each number would be represented in scientific notation. 5,890,000 = a × 10b a = b = 0.0000521 = c × 10d c = d =

Answers

Answer:

The answer is below

Explanation:

Scientific notation is a way in which real numbers both big and small are represented in decimal form. It is represented by dividing the number into two parts in the form of a × [tex]10^b[/tex], where 1 ≤ |a| ≤ 10 and  b is to the power of ten which makes it equal to the original number.

[tex]1)\ 5890000=a*10^b=5.89*10^6\\\\hence,a=5.89,b=6\\\\2)\ 0.0000521=c*10^d=5.21*10^{-5}\\\\hence,c=5.21,d=-5[/tex]

Answer:

For lazy people like me here is the answer

A=  5.89

B= 6

C= 5.21

D= -5

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