Answer and Explanation:
As per the question, the journal entry for number 2 is as follows:
Accounts Receivable $6000
To Sales $6,000
(Being revenue earned is recorded)
Here account receivable is debited as it increased the assets and credited the sales as it increased the revenue
Ye the revenue is earned for $6,000
Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Money borrowed = $30,000,000
Rate of interest = 9%
Time = 2 months
So, we can calculate the balance of loan interest payable by using following formula :
Balance of loan interest = ( Money borrowed × Rate of interest × Time ) / 12
= ( $30,000,000 × 9% × 2 months ) / 12
= $450,000
Hence, the balance of loan interest payable is $450,000.
Answer:
II. Increasing the interest rate;
III. Increasing the time period;
Explanation:
these two factors will increase the future value of a lump sum investment.
This can be explained as -
Suppose, a sum of $ 1,000 invested for 10 years @ 5 %, it will result in $ 1,628.89.
Now, if we increase the time period to 11 years, it will result in 1,710.34 And now if we increase the rate of interest to 6 %, it will result in $ 1,898.30
To maximize its profitability, a firm must configure its internal operations, such as manufacturing, marketing, logistics, information systems, human resources, and so on, so that they support that position.
The step that follows an identification when applying a questioning mindset is corroborating of the argument by looking for other evidence.
<h3>What is
argument corroboration?
</h3>
This refers to an act of comparing a new text to another in order to check the accuracy of the evidence or the plausibility of the claims and reasons.
In conclusion, the step that follows an identification when applying a questioning mindset is corroborating of the argument by looking for other evidence.
Read more about corroboration
<em>brainly.com/question/4278160</em>
