Business, 27.03.2020 00:42 MNBASKETBALL838

Culver Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $51,000 with terms 4/15, n/45. On June 12, 2020, Culver received full payment for the June 1 sale. Prepare the required journal entries for Culver Co.

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Answer from: Buttercream16

Answer and Explanation:

Culver Co.

Journal Entries

Debit Credit

June 1, 2020 Accounts receivables $51,000

Sales $51,000

Recording sale of goods on credit.

June 12, 2020 Bank $48,960

Sales discount (Working 1) $2,040

Accounts receivables $51,000

Recording cash received from customer.

Working 1:

As per the terms of sale, the customer receives 4% cash discount if the payment is made within 15 days. The customer makes the payment on the 12th day, and thus, receives 4% cash discount.

Cash discount = 4% x $51,000 = $2,040

Amount received from customer = $51,000 - $2,040 = $48,960

Answer from: Quest

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

Answer from: Quest

answer/// the grapefruit that guarantees you will loss five pounds a week;

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Culver Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $...

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