Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Early Payment Discount
Jones Equipment is a private company that sells and installs HVAC systems. Jones offers payment term of 2/10, n/30 where customers making payment within 10 days of installation will receive a discount of 2% off the purchase price or must pay the full balance due within 30 days. Jones has just received payment from a new customer who paid within the 10-day window and is thus entitled to the 2% discount. The gross sales price of the equipment and installation, before discount, was $10,000. This discount will not result in a loss to Jones on the sale of the product and service. Jones need your help to determine when the 2% early-payment discount should be recognized and how it should be recorded - for example, as a reduction in revenue or as a cost of sales?
1. Citing from the guidance support, show the approximate journal entries that Jones would make upon installation of the equipment and upon receipt of customer payment.
2. Explain how you located the relevant guidance, including the search method used and which section you searched within the appropriate topic.
Short Paper on Cross-cultural Opportunities and Conflicts in Canada.
Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.
This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.
Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.
Individual Assignment : Two Models Handout and Rubric, This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.
The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.
In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.
Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.
The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.
Prepare the power point presentation for the case: Santa Fe Independent School District
Information literacy is critically important in this contemporary environment
Write a definition for associative property of multiplication.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd