I would say the non-profits have the advantage that they are not always under the gun to show a profit so can be free to concentrate on their main objectives once their annual funding has been taken care of so not being driven by the profit motive they can be more relaxed and do things without the rush involved in a for-profit organization.
Answer:
They tend to move together over time with the corporate bond having the highest rate of interest.
Answer:
penetration pricing and skimming pricing
Answer:
The journal entry is shown below:
Explanation:
The journal entry for the following will be as:
Accounts Payable A/c.......................Dr $4,000
Merchandise Inventory A/c..........Cr $80
Cash A/c..............................................Cr $3,920
As the buyer purchases merchandise worth $4,000, so the accounts payable account is debited and the buyer will be applied a discount of 2%, so merchandise inventory is credited and against the cash is paid, so the cash account is credited.
Working Note:
Discount = Amount × 2%
= $4,000 × 2%
= $80
