On December 28, 2021, Tristar Communications sold 15 units of its new satellite uplink system to various customers for $10,000 each. The terms of each sale were 3/15, n/30. Tristar uses the net method to account for sales discounts. In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On December 28, 2021, Tristar Communications sold 15 units of its new satellite uplink system to various customers for $10,000 each. The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tops Meat had to recall all of its frozen hamburger patties because of the presence of E-Coli in the meat. About 20 consumers who ate the Tops patties became ill and two died.
Answers (1)
Melody's car was damaged when another driver ran a stop sign and hit her car. Melody decided to collect from her own insurer and to let her insurer recoup the loss payment from the negligent driver who hit her.
Answers (1)
A company purchased new furniture at a cost of $16,000 on January 1. The furniture is estimated to have a useful life of 6 years value. The company uses the straight-line method of depreciation.
Answers (1)
Which of the following is the correct order of processes for setting goals? specific, measurable, relevant, attainable, time-bound specific, relevant, attainable, measurable, time-bound specific, measurable, attainable relevant, time-bound relevant,
Answers (1)
E15.13 (LO 3) (Stock Split and Stock Dividend) The common stock of Alexander Hamilton Inc. is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue.
Answers (1)
New Questions in Business
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)
Who provides on-the-spot short term loans for up to 50 percent of an item's estimated value? Choose one answer. a. pawnbroker b. credit card c. ATM d. payday loan
Answers (1)
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)
CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations
Answers (1)