Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
Your answer is LLC so it would be B. IM writing this long because i have to
Answer:
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Answer: <u><em>A nation cannot have a comparative advantage in the production of every good.</em></u>
The principle of comparative advantage states that under free commerce, an representative will produce more of and consume less of a commodity for which they have a comparative advantage. Comparative advantage is the economic experience depicting the work increase from trade for individuals or nations, which originate from differences in their factor endowments or technological progress.
Answer:
It will take 8 years and 113 days.
Explanation:
Giving the following information:
How many years will it take for an initial investment of $50,000 to grow to $75,000.
We need to use a variation of the future value formula:
FV= PV*(1+i)^n
Isolation n:
n=[ln(FV/PV)]/ln(1+r)
n= [ln(75000/50,000)] / ln(1.05)= 8.31
To be more accurate:
0.31*365= 113
It will take 8 years and 113 days.
