« previous next »

Author Question: To complete transactions with the bank, electronic funds transfer (EFT) systems use a. a computer. ... (Read 121 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?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

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.

A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern A client is having an endoscopy performed by a physician who views the upper gastrointestinal intern
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Color monitor for a computer system. Color monitor for a computer system.
Go! All in One: Computer Concepts and Applications (2nd Edition) Go! All in One: Computer Concepts and Applications (2nd Edition)
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ... A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...
Students working around a computer Students working around a computer
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library