Answer:
$30
Explanation:
2/10 net 30 means the supplier extends 30 days credit to the purchaser. If the payment is made between 10 days and 30 days, no discount is allowed.
However if the payment is made within 10 days, 2% of net purchase price would be allowed as a discount by the supplier.
Now, Net Purchases = Total invoice price - freight - purchases returns
Net Purchases = $2150 - $150 - $ 500
Net Purchases= $1500
Rate of discount = 2%
Purchases discount = 2% of 1500= $30 will be allowed if the payment is made within the discount period.
Answer and Explanation:
The journal entry are as follows
1. Interest expense $214,650
To Cash $214,650
(Being the first interest payment is recorded)
The computation is shown below
= $4,770,000 × 9% × 6 months ÷ 12 months
= $214,650
For recording this we debited the interest expense as it increased the expenses while on the other hand the cash is paid which reduced the cash balance so it is credited
2. Cash $530,000
To Bond payable $530,000
(Being the cash sale of bond is recorded)
For recording this we debited the cash as cash is received that increased the cash balance and at the same time we credited the bond payable
Answer:
International Trade
Explanation:
Based on the information provided within the question it can be said that in this scenario Yummy Snacks is most likely involved in International Trade. This refers to exchanging goods or services across international borders throughout various countries, either exporting or importing. Which is what Yummy Snacks is doing by exporting their product to consumers in various Latin American Countries in exchange for money.
Answer: • management innovation is essential to future organizational success
• we must look at management as a process, and then make improvements and innovation ongoing and systematic
• much of management theory is dated and doesn't fit the current realities of organizational life
Explanation:
The true statements regarding Gary Hamel's thoughts on management are:
1. management innovation is essential to future organizational success
2. we must look at management as a process, and then make improvements and innovation ongoing and systematic
3. much of management theory is dated and doesn't fit the current realities of organizational life
According to Gary Hamel, yesterday's best practices of organizations can not be creative or adaptable for the business challenges tomorrow.
Answer:
False
Explanation:
Balance sheets relate to balance and expenditure over a period.
