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igomit [66]
2 years ago
15

Wise Guys Consulting issues an invoice for $9,000 to one of their clients for services provided. The terms of the invoice call f

or payment 30 days after the invoice date. What would be the impact at the date the services are completed and invoiced?
Business
1 answer:
Colt1911 [192]2 years ago
8 0

Answer:

<em>The impact on the date the services are completed and invoiced is just that the payment of $9,000.00 has been processed and received on the 30th day of the month.</em>

Explanation:

While entering an <em>Advance Payment (AP) </em>invoice, there is the option to enter an invoice and posting date: Invoice Date – refers to <em>the date of the actual invoice</em>, This is used to determine the <em>due date</em>. The payment terms use this date to determine the due date and discount period. Post Date is used for<em> releasing to General Ledger.</em>

<em></em>

<em>A transaction date in the date upon which a trade takes place for a security or other financial instrument. The transaction date represents the time at which ownership officially transfers</em>

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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the r
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Answer:

$67,000

Explanation:

Miller$72,000/60%=$ 120,000 loss to eliminate capital

Tyson$72,000/20%=$ 360,000 loss to eliminate capital

Watson$19,000/20%=$ 95,000 loss to eliminate capital

Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance

Hence:

$162,000-$95,000

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Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.

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1 year ago
Maria Peron's company treats the world, including the home market in Spain, as one market. Market segmentation decisions no long
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Answer:

The correct answer is letter "E": Global marketing.

Explanation:

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2 years ago
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your reco
Alex787 [66]

Answer: first one

As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.

Explanation:

credit to mohammedalm2

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1 year ago
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Answer:

Line extension

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2 years ago
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mith Services, Inc., was a trucking company established in 2000 and owned by Tony Smith as the sole shareholder. Smith Services,
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Answer:

Answers for related statements are given below.

Explanation:

1. Corporation

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