« previous next »

Author Question: To complete transactions with the bank, electronic funds transfer (EFT) systems use a. a computer. ... (Read 137 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jul 5, 2018
To complete transactions with the bank, electronic funds transfer (EFT) systems use
 a. a computer.
   b. checks.
   c. currency.
   d. drafts or money orders.

Question 2

Abbey Co sold merchandise to Gomez Co on account, 35,000, terms 2/15, net 45 . The cost of the merchandise sold is 24,500 . Abbey Co issued a credit memo for 3,600 for merchandise returned that originally cost 1,700 . Gomez Co paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co on the above transactions?
 a. 10,500
  b. 30,772
  c. 7,972
  d. 31,400


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
A medical assistant performs a spirometry test using electronic health record software. A medical assistant performs a spirometry test using electronic health record software.
Heat Transfer Mechanisms Heat Transfer Mechanisms
Lever Systems and Leverage Lever Systems and Leverage
Complete the worksheet Complete the worksheet
Video: Chemical Synapse Animation

For a complete list of videos, visit our video library