Answer:
The journal entry that is to be recorded on May 1 is shown below:
Explanation:
May 1
The first entry to be posted:
Accounts Receivable A/c...................Dr $5,800
Sales A/c............................................Cr $5,800
As the company made a sale, so the sale is credited and it made against the accounts receivable. Therefore, accounts receivable account is credited.
The second entry to be posted is as:
Costs of goods sold A/c....................Dr $4,000
Merchandise inventory A/c...................Cr $4,000
The cost of the goods sold amounts to $4,000. So, the account of COGS is debited and it is against the inventory. Therefore, the merchandise inventory is credited.
Answer:
Compounding formula would be used here which is as under:
Future Value = Present value * (1+r)^n
FV = (PV is $2000) * ( 1 + 4%)^ 3 number of years
Remember that r is the return that is 4% that Sarah Jones will receive.
So
FV = $2250
So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.
Answer:
Governance
Explanation:
Governance is a systematic way of how power is exercised for effective management of state/country economy and social resources for development of the state. Governance involved establishing policies and complete monitoring of the policies by the government using all legal tools permitted by the constitution of the state/country to seek accurate information and management control of resources in other to deliver good governance for the betterment of the people.
Streching, first by raising your arms to while bressthing, and centering yourself to start your yoga moves
