Answer: $93,088
Explanation:
Rate is compounded monthly which makes it:
= 8% / 12
= 0.6667%
= 0.006667
The payment of $20,156 is to increase yearly at a rate of 5%. Payments are at the beginning of the period so the first payment does not have to be discounted.
= $93,088
Salespeople called<u> inside order takers(AKA salesclerks, order clerks)</u> typically answer simple questions, take orders, and complete transactions with customers.
Inside order takers (aka order clerks, salesclerks) usually answer simple questions, take orders, and entire transactions with clients regularly employed by means of organizations that use inbound telemarketing: the usage of toll-unfastened cellphone numbers that clients can call to achieve facts about merchandise, services, and to make purchases.
Inside order, takers is a salesperson who writes up sales orders at an income counter, or those forwarded to the organization by using telephone, but isn't always required to sell persuasively to customers. Outside order takers is a salesperson who visits customers to write up orders but isn't always chargeable for persuading them to buy.
In income, an order taker is a person who addresses purchaser inquiries (also referred to as orders) but does no longer proactively have interaction in sports that could boom income, consisting of finding new possibilities or upselling to existing clients.
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Answer: Earnings are reported by the investee in its financial statements
Explanation:
Equity method is when investments are being treated in associate companies and it is usually applied in cases whereby an investor entity holds about twenty to fifty percent of the associate company's voting stock. Due to this reason, it has a strong say in the associate company's management.
Under the equity method of accounting for investments, an investor recognizes its share of the earning in the period in which the earnings are reported by the investee in its financial statements.
Answer:
The total revenue for the month of June is $22500. Option a is the correct answer.
Explanation:
The revenue will be calculated under the accrual basis of accounting which states that a period's revenue should match that period's expenses and these are to be recorded in their respective periods. Under this method, both the cash and the credit sales are recognized as revenue in the period to which they relate. The revenue for the month of June will be as follows,
Total Revenue = Cash sales + Credit sales
Total revenue = 8100 + 14400
Total revenue = $22500
