Answer:
November 17
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
November 26
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
Explanation:
November 17
Recognize Revenue and Recognize an Asset : Trade Receivable
Trade Receivable-Thomas Company $56,250 (debit)
Revenue $56,250 (credit)
Revenue Calculation = 100 units × $760 × 75% = $56,250
November 26
The payment date is within the cash discount period in terms of credit sale. Hence Thomas Company is granted cash discount of 2% (2/10, n/30).
Cash $55,125 (debit)
Discount Allowed $1,125 (debit)
Trade Receivable-Thomas Company $56,250 (credit)
Answer:
The answer would be B
Explanation:
The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.
The right answer for the question that is being asked and shown above is that: "Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged." The statement that most directly relates to the broad economic goal of freedom is that Increasing income taxes for the rich so that tax money can fund aid for the economically disadvantaged<span>
</span>
Answer:
$63,000
Explanation:
One of the four methods of determining insurance if the DINK method which means Double income with no kids.
To estimate the value of the insurance using this method , the sum of , mortgage , car loans and personal debt is divided by two and added to the funeral expenses
Mortgage - 100,000
Car loan - 11,000
Personal debt - 2000
Credit card - 3000
Total = 116,000
Insurance = (116,000/2) = 58,000
Funeral expenses - 5,000
=63,000
Answer:
Explanation:
These are the 2 ways to use provider credit:
1. Through linking reimbursement checks in bank deposit. These checks are from the vendor and will be used to create a vendor credit.
2. Making payment of supplier invoices, is another way to use credit, to carry out this, I have to create the invoice.
