Answer:
Interest revenue = $7800*8%/360*60
Interest revenue = $104
Date Journal Entry Debit Credit
Cash $7,904
Notes Receivable $7,800
Interest Revenue $104
Answer:
Option (E) is correct.
Explanation:
The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.
In our case, there are two restaurants as follows:
One is 2 miles away from home with higher prices
Second one is 15 miles away from home with lower prices
But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.
This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.
Answer:
b. Proactive
Explanation:
Proactive response is a corporate response in which the corporate anticipates or identifies the problem and develops ways and methods to reduce the impact or eliminate the problem.
Here in the question development of recyclable aluminium car bodies will actively help in reducing the demand of the fresh aluminium.
Also,
the reduction or the conserving of fuel will help reducing the fuel demands which is among the major source of CO₂
Answer:
January $151,575
February $248,675
March $305,525
Explanation:
The computation of the cash collections is shown below:
January month
= January credit sales × month of sale collection percentage
= $202,100 × 75%
= $151,575
February month
= January credit sales × following month collection percentage + February credit sales × month of sale collection percentage
= $202,100 × 25% + $264,200 × 75%
= $50,525 + $198,150
= $248,675
March month
= February credit sales × following month collection percentage + February credit sales × month of sale collection percentage
= $264,200 × 25%+ $319,300 × 75%
= $66,050 + $239,475
= $305,525
Answer:
THERE ARE SCARCITY EVEN IN AN AFFLUENT COUNTRY LIKE THE UNITED STATES BECAUSE WANTS ARE LIMITED BUT NEEDS ARE UNLIMITED. SOME PEOPLE ARE POOR WHILE OTHERS ARE WEALTHY
