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 78 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
:D TYSM

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Refraction; A, normal eye; B, myopia; C, hyperopia. Refraction; A, normal eye; B, myopia; C, hyperopia.
Hematocrits, left to right: normal, anemia, polycythemia. Hematocrits, left to right: normal, anemia, polycythemia.
Super Taster Tongue vs. Normal Super Taster Tongue vs. Normal
Sodium’s chief role is regulation of fluid balance Sodium’s chief role is regulation of fluid balance
Acid–Base Balance Acid–Base Balance
Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t
Video: Integumentary Anatomy

For a complete list of videos, visit our video library