Answer:
A. $ 268,800
Explanation:
According to the net method,
A company will report the sales after deducting the discount (if there is any discount term is given) assuming that the buyer will pay the money within the discounting period.
Therefore, Old Oak Winery will report the sale as follows:
Sales revenue = $280,000
<u>Less: Sales discount ($280,000 × 4%) = $ 11,200 </u>
Net Sales revenue = $268,800
Hence, option A is correct.
Answer: Insurance premium
Explanation:
The executive team, the administration board and the shareholders meet with the rest of the departments when there is need to adress matters concerning the firms productivity
Answer:
c. fall from 20 to 10.
Explanation:
The formula for the money multiplier is 1/reserve ratio,this means that the lower the reserve ratio the higher the multiplier, the reason for this is when the reserve ratio is lower banks can loan out a higher proportion of money therefore more money is created thus the multiplier and reserve ratio have an inverse relationship.
when the reserve ratio is 5% the multiplier is 1/0.05=20
When the reserve ratio is changed to 10% the multiplier is 1/0.1= 10
So the multiplier changes from 20 to 10.
