On november 10 of the current year, flores mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. flores uses the gross method of accounting for sales discounts.

what is the correct entry for flores on december 5, assuming the correct payment was received on that date?

1. cash 8,000
accounts receivable 7,840
sales discounts revenue 160
2. cash 8,000
accounts receivable 7,840
interest revenue 160
3. cash 8,160
accounts receivable 8,000
sales discounts forfeited 160
4. cash 8,000
accounts receivable 8,000

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

Post test question number 9 for entering the job market

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.