Answer:
c) Electronic Data Interchange
Explanation:
Based on the scenario being described within the question it can be said that this information technology is called Electronic Data Interchange or EDI for short. This technology allows one company to send large sets of data/information to another company electronically as opposed to other physical delivery methods of communication. Which in this case the electronic method that will be used are electronic bar codes.
Answer:
S/n Accounts title Debit Credit
a. Bad Debt expenses $2,655
Allowance for Doubtful debts $2,655
((132,500*5%)-3,970)
(Being bad debt expense recorded)
b. Bad Debt expenses $8,255
Allowance for Doubtful debts $8,255
{(132,500*5%)+1,630]
(Being bad debt expense recorded)
Answer:
D.The yield-to-maturity is less than the coupon rate.
Explanation:
Whenever the yield to maturity is less than the bond's coupon rate, bond market value is greater than par value ( premium bond), these applies just as the question states that the premium bond pays $60 in interest annually in seven years and the bond was issued originally 3 years ago at par
in other cases when a bond's coupon rate is less than its yield to maturity, then the bond is selling at a discount and when a bond's coupon rate is equal to its yield to maturity. the bond is selling at par.
Answer:
Net profit after tax = $1600
Explanation:
Below is the calculation for net profit after tax:
Net profit = Sales revenue - cost of good sold - operating expenses - interest expenses
Net profit = 11000 - 5000 - 3000 -1000
Net profit = 2000
Net profit after tax = 2000 - (20 % of 2000)
Net profit after tax = 2000 - 400
Net profit after tax = $1600
