Answered: Match each item to a choice: Choices:…

Business

Accounting

Match each item to a choice: Choices: Purchase discount Sales discount Buyer Seller

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter14: Investing In Stocks And Bonds

Section14.4: Buying And Selling Stocks

Problem 1CC

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Match each item to a choice:
Choices:
Purchase discount
Sales discount
Buyer
Seller

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Define Purchase discounts.
Explain Answer and give true options. Tagging. General Account.
Terminology Match each phrase with its definition. A. Sales discount B. Credit period C. Discount period D. FOB destination E. FOB shipping point F. Gross profit G. Merchandise inventory H. Purchases discount 1. 2. 3. 4. 5. 6. 7. 8. Goods a company owns and expects to see to its customers. Time period that can pass before a customer's full payment is due. Seller's description of a cash discount granted to buyers in return for early payment. Ownership of goods is transferred when the seller delivers goods to the carrier. Purchaser's description of a cash discount received from a supplier of goods. Difference between net sales and the cost of goods sold. Time period in which a cash discount is available. Ownership of goods is transferred when delivered to the buyer's place of business. 1
What are some benefits to a retailer for offering a discount to a customer?
What is another name for the bill that the seller sends to the buyer when the buyer purchases merchandise on account? Group of answer choices purchase requisition receiving report invoice purchase order
Exercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $370,000 for real estate plus $19,610 in closing costs. The real estate consists of land appraised at $188,000; land improvements appraised at $70,500; and a building appraised at $211,500. Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Appraised Value Appraised Value x Total Cost of Acquisition = Apportioned Cost Land Land improvements Building Totals
A discount given to encourage prompt payment is called: Multiple Choice О a cash discount. all of these answer choices are correct. a sales discount by the seller. a purchase discount by the buyer.
Sellers use two methods in practice that simplify the process of recording sales discount. What are these methods of sales discount?
In accountinf for sales discounts, most companies use the a. Allowance method b. Gross price method c. Discounted price method d. Net price method
Question 14 What should you do to streamline the purchasing process once the customer approves an estimate? O Create invoice from purchase order O Create purchase order from the estimate Create a price rule from the estimate Create invoice from the estimate
Availabe Options Are: Sales Discount Credit Period Discount Period FOB Shipping Point FOB Destination Merchandise Inventory Gross Profit Purchases Discount
can you help with this asap please its for homework