Answer and Explanation:
The journal entry is shown below:
Cash $8,730
Sales Discount ($9,000 × 3%) $270
To Accounts receivable $9,000 ($10,000 - $1,000)
Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets
Answer:
The real rate of return is 0.10%
Explanation:
For computing the real rate of return, we need to apply the formula which is shown below:
( 1 + nominal rate) = ( 1 + real rate) × (1 + inflation rate)
So,
The real rate = {(1 + nominal rate) ÷ (1 + inflation rate)} - 1
= ((1 + 3.10%) ÷ (1 + 2%)} - 1
= (1.031 ÷ 1.02) - 1
= 1.0107 - 1
= 0.10
The Government T-bills is only the nominal rate so we considered this only
Answer:
Garth is a "REVOLVER "
Explanation:
Garth is a "Revolver" type of credit user, because he doesn't pay up the monthly payments on his card in full and on time, instead he carries debts over to the other months by paying in monthly installments
Based on the type of credit user Garth is, when picking up a credit card Garth should consider going for credit cards with low interest rate/APR charges and a longer grace period as well.
Blood group b shold constrentect
Answer:
Thibodaux workers went on strike to protest against sugar cane plantations in four parishes which are Lafourche, Terrebonne, St. Mary, and Assumption.
No, the strike was not successful.
The unscheduled return to work by some workers before the end of the strike, makes it unsuccessful. The aftermath of the strike resulted to violence leading to death of many black workers and their families, as well injuries to many others.
