Answer:
Explanation:
The journal entry is presented below:
Cash A/c Dr $1,800
To Accounts receivable A/c $1,800
(Being the cash is received)
Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.
The statement above is FALSE.
Apportioning financial resources among divisions to increase financial returns or spread risk among different businesses is called PORTFOLIO STRATEGY.
SYNERGY refers to the performance gains that is achieved when individuals and departments coordinate their actions.
The correct statement will be that the maximum number of $5 bills that can be in Hermione's purse will be 7. So, the correct option that matches the statement is D.
The number of bills of $5 are seven, as Hermione also has at least one bill of $1.
<h3>Calculation of bills. </h3>
- Considering Hermione has at least one bill of $1, then the computation of total bills out $40 can be shown as below,
- where <em>x </em>is the number of $5 bills
- So we know that the maximum number of bills of $5 that can be kept by Hermione is 7 as $35 is the nearest number possible and seven bills of $5 will constitute $35.
Hence, it can be concluded that option D is correct that there are seven bills of $5 in the purse of Hermione and hence there will be five bills of $1 in her purse.
Learn more about bills here:
brainly.com/question/16405660
Explanation:
A cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It is an index that measures differences in the price of goods and services, and allows for substitutions with other items as prices vary.