Answer:
The correct answer is
Explanation:
The Creditor is the natural or legal person who is paid for the purchase or use of a service that is not directly related to the activity carried out in the business.
That is to say, the purchase of the service is made since it must be necessary for the correct and habitual operation of the business.
Answer:
Option "b" is the correct answer to the following question.
Explanation:
This is the agreed price of the relevant material, commodity or tangible asset as negotiated by the consumer and the forward agreement dealer, to be payable in the future event at a fixed date.
In this situation, Before 4:00 P.M is the present price of mutual fund and after 4:00 P.M is the future price of the mutual fund.
Answer:
Debit Office Furniture account $710
Credit Cash account $170
Credit Accounts payable $710
Being entries to recognize office furniture partly paid for.
Explanation:
When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.
Total worth of the office furniture = $170 + $540 = $710
The total debit for this will be recorded in the office furniture account.
Hence to recognize the transaction,
Debit Office Furniture account $710
Credit Cash account $170
Credit Accounts payable $710
Being entries to recognize office furniture partly paid for.
<span>Obstacle # 1. Interlocking Various </span><span>Obstacle # 2. Population </span><span>Obstacle # 3. The Difficult of Adapting Western Technology </span><span>Obstacle # 4. Lack of Preparation for an Industrial Revolution </span><span>Obstacle # <span>5. The International Context</span></span>
Answer:
Daily saving (NPV) is $33
Annual saving is $12,045
Explanation:
1.What is the NPV of accepting the lockbox agreement?
The total about to be deposited in bank lockbox per day = average receipt size * number of checks per day
= $135 * 7,300 = $985,500
The daily interest to be received = $985,500 * 0.016% = $158
Daily saving (NPV) = Interest received – lockbox fee = $158 - $125 = $33
2. What would the net annual savings be if the service were adopted?
Annual saving = daily saving * 356 days = $33 * 365 = $12,045
