Answer:
14518.41
Explanation:
We would determine the future value of the sisters investment and use it to determine the amount to be deposited by the other sister
The formula for calculating future value:
FV = P (1 + r) n
FV = Future value
P = Present value
R = interest rate
N = number of years
13500 (1.104)^10 = $36,309.85
$36,309.85 = a(1.096)^10
a = $36,309.85 / 2.500953
a = $14518.41
Divide the amount to distribute by the number cf shares.
$15,000.00 / 150shares = $100/shate
Abswer: option a.
Answer:
1. bad debt expense debit 7940
allowance for bad debt credit 7940
2. allowance for bad debt debit 397
account receivable credit 397
3. account receivable debit 397
allowance for bad credit 397
4. cash debit 397
account receivable credit 397
Explanation:
the allowance will be the 1% of 794,000
then recognize the allowance for that ammount along with the bad debt expense
total write-off an account we decrease both, the allowance and account receivable
total reinstate the Parks account we do the previous entry backwards
lastly we post like any other collection from Account Receivable
Answer:
The interest rate the bank charges you for your loan.
Explanation:
The bank is trying to make money, so the bank is going to PAY you a lower interest rate on your savings account, but CHARGE you a higher interest rate on your loan. Then, the bank makes more money out of the deal.
Answer:
customer relationship management
Explanation:
It is referred to as the approach by which a healthy relationship between the customer and the company is maintained. it mainly focuses to build a more healthy relationship with the potential customer.
It consists of all the details of potential customers to improve their relationship with them. especially a post named customer relationship manager is created that the main focus is to deal with all that customers who lie in the potential customer lists.
