To record the transactions with the individual hospital company, the following journal entries are made:
<h3>Journal Entries:</h3>
March 12: Debit Accounts Receivable $9,100
Credit Services Revenue $9,100
- To record the sale of services on terms 2/10, n/30.
March 31: Debit Cash $9,100
Credit Accounts Receivable $9,100
- To record the receipt of cash in full settlement.
<h3>Transaction Analysis:</h3>
March 12: Accounts Receivable $9,100 Sales Revenue $9,100
Terms 2/10, n/30
March 31: Cash $9,100 Accounts Receivable $9,100
Thus, the journal entries for the customer do not require the recognition of the 2% sales discount since the customer could not pay within the discount window.
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Answer:
Explanation:
given data
fee = $2850
receive = $2580
credit fees = $2850
to find out
which statement true
solution
we know here that fee earn by client is here $2850
and
$2580 receive as debit account so
$2850 fee earn credit
so we can say here
credit balance will be high ( 2850 - 2580)
higher = 270
so option A is correct
so here the credit account total of trial balance would be high by $270
If the reserve ratio is 20% then the amount that a bank would keep in reserves after accepting the demand deposits is $2,000.
<h3>How much would the bank keep?</h3><h3 />
The reserve ratio refers to the percentage of deposits that banks have to keep as reserves in the Fed.
If this rate is 20%, the bank would therefore have to keep:
= 10,000 x 20%
= $2,000
In conclusion, the bank would keep $2,000.
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The type of mutual fund to select depends on the person's goals and attitude towards risks. Generally, mutual funds are a pool of paper assets of different people that is managed by fund managers as they buy stocks from investments in the market.
There can be three types of source of mutual fund: stocks, bonds and balanced fund. Stocks are shares of big companies, say for example, Proctor & Gamble. They sell their shares to the market that is open to all potential investors. When a fund manager buys shares, he becomes a co-owner of the company. Thus, if the profit of the company increases, you are also given with additional dividends. However, the risk is high because if the company goes bankrupt, you lose your money. Bonds are owned by government agencies that are open to the public to borrow their money to be used on projects for the country. This is low risk because the government promises to return the amount of money borrowed plus a fixed interest. Balanced fund is the median of both because fund managers source their mutual funds both on stocks and bonds.
So, if you are aggressive, then stocks are fit for you. If you are conservative, better stick with bonds because there is a guarantee. If you are a mix of both, balanced fund is your option.
Answer: To introduce environmental standards
Explanation:
Star synergy can tackle this problem by introducing the company's original factory prototype for environmental standards in their less developed nations where other producing units are based.
