Answer:
C. credit to Customer Refunds Payable, $900
Explanation:
Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850.
Global Company refunded Montana Industries $900 for returned merchandise. The cost of merchandise sold was $600.
The entry that will be recorded by Global Company in the journal entry for the refund from the sale a credit to Customer Refunds Payable, $900
<u>This amount of $900 will eventually be netted off against the accounts receivable amount for the total sales of $3,450, reducing the amount payable by the customer to $2550</u>
Answer:
C. Their incomes tend to be higher than others whose skills are not in demand.
Explanation:
Answer:
$14,747,642
Explanation:
Data provided in the question
Issued amount = $15,000,000
Coupon rate = 7.8%
Time period = 20 years
Yield to maturity is 8%
So for computing the carrying value of the bonds
First we have to compute the discount amortization for 3 years which is shown below:
= ($15,000,000 - $14,703,108) ÷ 20 years × 3 years
= $44,533.80
So, the carrying value of the bonds
= $14,703,108 + $44,533.80
= $14,747,642
Answer:
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Explanation:l;';l'l;'
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Answer:
27.42 m/s
Explanation:
Data provided in the question:
Distance traveled on a straight track = 0.754 km
Time taken to cover while going = 25.0 s
Time taken for the return = 30.0 s
Now,
Total distance covered = 2 × 0.754
= 1.508 Km
= 1508 m
Total time taken = 25 + 30 = 55 s
Therefore,
The average velocity of the car = Total distance ÷ Total time
= 1508 ÷ 55
= 27.42 m/s
