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 65 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

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Features of normal metaphase chromosomes. Features of normal metaphase chromosomes.
Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly
Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra Positron emission tomography (PET) image showing the difference in the metabolic activity of the bra
Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition. Psoriasis. This photograph demonstrates the characteristic white skin patches of this condition.
Normal male karyotype Normal male karyotype
Hematocrits, left to right: normal, anemia, polycythemia. Hematocrits, left to right: normal, anemia, polycythemia.
Video: Neuron Structure Animation

For a complete list of videos, visit our video library