Answer:
His meal cost him $ 189.306
Explanation:
APR = 20% = 0.2
APR charged per month = 0.2 / 12 = 0.0167
cash advance = 3.5 % = 0.035
cost of meal = $ 180
calculation of interest fees = $ 180*0.0167 = $ 3.006
Fees paid for cash advance =$ 180 * 0.035 = $ 6.3
Total cost of meal = Normal meal cost + Interest fees +Cash advance fees
total cost of meal = $180 + $3.006 + $6.3 = $ 189.306
Answer:Please see explanation column for answer.
Explanation:
Net purchase per unit = List price per unit - Trade discount
$300 - ( 300 x 20 %) = 300- (300 x 0.2)= 300 -60= $240
Total purchase amount = Number of units x Net purchase per unit
190 x 240= $45,600
Discount from purchase = Total purchase amount x discount percentage/ 100
=45,600 x 4/100= $1,824
Cash = $45,600
Discount = $1,824
Accounts payable = $43,776
Using the net method of accounting for purchase discounts.
A)Journal entries to record the purchase by Thomas on November 17, 2021
Account Debit Credit
Purchases $43,776
Account Payable $43,776
B)Journal entries to record the payment by Thomas on November 26, 2021
Account Debit Credit
Account Payable $43,776
Cash $43,776
C)Journal entries to record the payment by Thomas on December 15, 2021
Account Debit Credit
Account Payable $43,776
Interest expense $ $1,824
Cash $45,600
Answer:
The correct answer is: Moral awareness.
Explanation:
Moral awareness refers to the set of actions individuals take driven by values and beliefs that drive them not to only think about themselves but also in the consequences on others. In business, companies need to consider what the impact of their actions is with their surrounding environment and their inner circle -employees.
The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called (B) open-market operations.
<h3>
What are open-market operations?</h3>
- An open market operation (OMO) is a macroeconomic activity in which a central bank provides (or withdraws) liquidity in its currency to (or from) a bank or group of banks.
- Open-market operations are the monetary policy tool through which the Federal Reserve buys and sells government bonds.
- The central bank can either buy or sell government bonds (or other financial assets) in the open market (hence the name) or, in what is now the preferred solution, enter into a repo or secured lending transaction with a commercial bank.
- The central bank gives the money as a deposit for a defined period while simultaneously taking an eligible asset as collateral.
As the definition says, open-market operations are the monetary policy tool through which the Federal Reserve buys and sells government bonds.
Therefore, the monetary policy tool whereby the Federal Reserve buys and sells government bonds is called (B) open-market operations.
Know more about open-market operations here:
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Complete question:
The monetary policy tool whereby the Federal Reserve buys and sells government bonds is called:
(A) the discount rate.
(B) open-market operations.
(C) reserve requirements.
(D) moral suasion.
Answer:
Explanation:
Amount actually received = Initial amount - interest payment
Interest payment = 10,000*12%/2 = 10,000*6% = 600
Amount actually received = 10,000-600 = $9,400