The Entry to Record a $750 Sale with Terms of 2/10,n/30

question 108

Multiple Choice

The entry to record a $750 sale with terms of 2/10,n/30 would include a(n)

• A) decrease to Accounts Receivable for $750.
• B) increase to Sales for $750.
• C) increase to Sales Discounts for $15.
• D) decrease to Sales for $735.

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Definitions:

Domestic Price

The price of goods or services within a country's borders, as opposed to their price when exported.

World Price

The global market price of a good or service, determined by supply and demand across all countries.

Export Supply Curve

A graphical representation that shows the relationship between the price of a good on the international market and the quantity of the good that a country is willing to export.

Export Supply Curves

Graphical representations showing the relationship between the price of a good on the international market and the quantity of the good that a country is willing to export.