Answer with its Explanation:
The accounting treatment are as under:
The note was issued because the customer required 6 months time to pay along with its interest.
The initial entry would be:
Dr Notes Receivable 33600
Cr Sales Revenue 33,600
When the interest would be due at the end of the note period the interest which is 5% for a year and 2.5% for 6 months.
Dr Interest Receivable 840
Cr Interest Revenue 840
When the cash will be paid the entry would be:
Dr Cash 34,440
Cr Notes Receivable 33,600
Cr Interest Receivable 840
Answer:
at maturity I will receive 1,155.6
the real return is 7%
the nominal will be 15.56%
Explanation:
As it is indexed it will paid a real rate of 7% adjusted for 8% inflation
1,000 x 1.07 x 1.08 = 1,155.6 received at maturity
no know the nominal rate we do:
nominal = 0.1556 = 15.56%
Answer:
Explanation:
Taxe is an obligatory to every work
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The answer is <span>B. The XYZ company will be responsible for manufacturing all the glass needed to build the cars. </span>
Answer:
C. Car dealerships cannot sell their stock
There are four scenarios as following:
a.) Car dealerships have minimal overstock.
b.) Car dealerships are not restocking.
c.) Car dealerships cannot sell their stock.
d.) Car dealerships cannot obtain stock.
=> The answer is C
Explanation:
Recession is the term used to describe the situation when a country suffer from the negative economic growth (indicated in the negative GDP growth rate).
The recession is considered the result of the economic downfall of that country, resulting in the decrease in capital inflow, slowing down the production and increasing the unemployment rate in that country. Consequently, the wage of people there would decrease, lowing their consumption. So that with lower demand and level of expense of the market, the <u><em>car dealerships cannot sell their stock.
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