Which of the Following Is Recorded Upon Receipt of a Payment

question 73

Multiple Choice

Which of the following is recorded upon receipt of a payment on April 7,2012,by a customer who pays a $900 invoice dated March 3,2012,with terms 2/10,n/60?

• A)Debit Sales Discounts $18.
• B)Credit Purchase Discounts $18.
• C)Credit Accounts Receivable $882.
• D)Debit Cash $900.

---

Definitions:

Homogeneous Segments

Market segments that are uniform or similar in terms of consumer preferences, needs, and characteristics, allowing for targeted marketing strategies.

Target Segments

Specific groups within a market at which a company aims its products, marketing efforts, and services to fulfill their particular needs.

Market Segmentation

The activity of dividing a broad consumer or business market into sub-groups of consumers or segments, based on some type of shared characteristics.

Micro Variable

A Micro Variable is a specific, individual factor that can influence outcomes within a limited context, often used in analyzing economic, financial, or behavioral trends on a small scale.