Jim Walton performed services on credit for $2,450. A debit for this transaction should be recorded toA. revenue.
B. accounts receivable.
C. accounts payable.
D. cash.

Answers

Answer 1

Answer: The right answer for the question that is being asked and shown above is that: "B. accounts receivable. "Jim Walton performed services on credit for $2,450. A debit for this transaction should be recorded toB. accounts receivable.

Related Questions

Why do price discrimination and the existence of slightly different variants of the same product tend to go hand in hand? By introducing slightly different variants of the product, firms that price discriminate are able to
The absence of cyclical unemployment is evidence that? A. production and employment levels are at their worst. B. businesses are producing more than they can sell and works are being laid off C. prices are dropping and the value of money is rising D. business production is near full capacity and there is little unemployment
Central City was awarded two state grants during its fiscal year ending in September 30, 2011: a 2 million block grant that can be used to cover any operating expenses incurred during fiscal 2012, and a $1 million grant that can be used any time to acquire equipment for its police department. For the year ending September 30, 2011 Central City should recognize in grant revenue in its fund statements (in millions)
A scientist has samples of both nitrogen (N2) and hydrogen (H2). Both of these substances are odorless, colorless gases at room temperature. The scientist places the samples into a closed flask and heats the flask. A colorless gas that has a strong odor forms. Which of these best describes what happened?' A. A mixture formed when nitrogen and hydrogen combined. B. A pure substance that is chemically identical to both nitrogen and oxygen formed. C. A new compound formed when nitrogen and hydrogen chemically reacted. D. A new element formed when oxygen and nitrogen atoms turned into new kinds of atoms.
How might taxes have an impact on your financial plan?

Terry owns an RV repair shop. Sue works in the office and also orders any parts needed to repair RVs.Which of the following choices correctly matches productive resources from the previous statement?

parts-land; Tommy-labor

Tommy-entrepreneur; Sue-labor

parts-capital; Sue-entrepreneur

office-capital; parts-land

Answers

Terry- entrepreneur; Sue- labor

Which of the following statements about the U.S. housing industry is accurate?A) The total net housing wealth is equal to about 80 percent of GDP.
B) The housing industry is not a big part of the economy.
C) No one really knows how many building permits are issued in the U.S. each month.
D) The total net housing wealth was less than 1 billion dollars in 2006.

Answers

The correct answer for the question that is being presented above is this one: "A) The total net housing wealth is equal to about 80 percent of GDP." The statements about the U.S. housing industry is accurate is this one 'The total net housing wealth is equal to about 80 percent of GDP.'

During the time when she took a quiz, Sara could instead have practiced her guitar or completed her calculus homework. She thinks that if she hadn't taken the quiz, she would have completed her calculus homework. Her opportunity cost of taking the quiz is the value of what?

Answers

Answer:

Her opportunity cost of taking the quiz is the value of completed her calculus homework.

Explanation:

Opportunity cost is the value of the next best alternative foregone. That means the benefits that someone misses out on when chooses one alternative over another.

In this case, Sara herself tells us that she would have completed her calculus homework, which makes it her next best alternative foregone.

Final answer:

The opportunity cost for Sara of taking the quiz is the value of the time and knowledge she could have gained from completing her calculus homework, which is the best alternative she gave up.

Explanation:

The opportunity cost for Sara taking the quiz is the value of the calculus homework she could have completed instead. Understand that opportunity cost is a crucial concept in economics representing the value of the next best alternative that was foregone due to the decision made. Hence, when Sara chose to take the quiz instead of doing her calculus homework, the cost of this decision is the benefit or value she could have derived from completing her calculus homework.

Learn more about Opportunity Cost here:

brainly.com/question/13036997

#SPJ3

The strategy of convincing a customer to buy a higher-priced item than he or she had originally intended is called

Answers

It's called an upselling

It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service

The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.

A strong stock market depends onA. many investors speculating.
B. many investors buying on margin.
C. most consumers buying on credit.
D. overall confidence in the economy.

Answers

for those of you on e2020 the answer is D: Overall confidence in the economy. :)

Final answer:

A strong stock market is primarily dependent on overall confidence in the economy, as this leads to more investment. While speculation and buying on margin can impact stock prices, they can also lead to market instability. Consumer credit purchasing can also indicate consumer financial instability.

Explanation:

A strong stock market lies in the overall confidence in the economy (option D). This is because when investors are confident about the economy's health, they are more likely to invest more, leading to a stronger and healthier stock market. Speculating investors (option A) and buying on margin (option B) may temporarily cause stock prices to rise, but they can also lead to bubble markets and ultimately market crashes. Most consumers buying on credit (option C) could actually weaken the stock market because it may signify that consumers are not in a strong financial position.

Learn more about Strong Stock Market here:

brainly.com/question/31848838

#SPJ6

Your new customer directs you to open a cash account. He wants to give trading authorization to his brother but does not want his brother to have any other authority in the account. The two required documents needed by your firm to open the account as directed would be a new account form and:___________.