This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A characteristic of the Sales Discount account is: a. It has a Debit Normal Balance b. It is a ... (Read 21 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jul 6, 2018
A characteristic of the Sales Discount account is:
 a. It has a Debit Normal Balance
   b. It is a Contra-Asset Account
   c. It records cash discounts given to customers for prompt payment
   d. A & C

Question 2

Which of the following characteristics best distinguishes a government entity from a business entity?
 
  A. Governments operate in a very small section of the economy while businesses operate globally.
  B. Cost analysis and other control and evaluation techniques are essential to ensure that resources are used economically and efficiently.
  C. Those contributing resources to the entity do not necessarily receive a direct or proportionate share the services.
  D. Businesses must acquire and convert scarce resources while governments can demand whatever they need.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blfontai

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

C


schs14

  • Member
  • Posts: 569
Reply 2 on: Jul 6, 2018
Wow, this really help

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Maintenance of normal blood glucose levels. Maintenance of normal blood glucose levels.
Tonsils—normal and enlarged. Tonsils—normal and enlarged.
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Normal conduction pathway in the heart Normal conduction pathway in the heart
How to find the tangential and normal components of a vector How to find the tangential and normal components of a vector
Acid–Base Balance Acid–Base Balance
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library