3 years ago

The rate of interest banks charge on short-term loans to their best customers is the _____.

1 answer:

7 0

The rate of interest banks charge on short-term loans to their best customers is called the prime rate. This is given to customers who have good credit record. It serves as the basis of the lending rates that will be given to other customers. Usually, prime rates are feasible to large corporations and not with sole borrower.

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Explanation:

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Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Servi

aleksandr82 [10.1K]

The general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

Based on the information given since Alicia Tax Services paid the amount of $690 to settle an account payable which means that the appropriate journal entry to record the transaction will be:

Debit Accounts payable $690

Credit Cash $690

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Inconclusion the general journal entries that Alicia Tax Services will make to record this transaction is :Debit Accounts payable, $690; credit Cash, $690.

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R2 means the remainder of a certain number

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SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

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The contributing margin of a business is sales revenue less the variable cost to produce the product

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In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

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