Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.
The guiding imperative in capitalist economies is profit. So the correct answer is (c).
A social science called economies examines how products and services are produced, distribute, and consumed as well as how people, corporations, governments, and entire countries decide how to distribute their resources. An economist analyzes the connection between a society's resources and its output, and their insights are used to influence economies policies concerning interest rates, tax laws, employment rules, global trade agreements, and company strategy. To spot prospective trends or predict the future of the economy, economists use economies indicators like the GDP and the consumer price index.
Therefore correct option is (c).
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NBT bank of america on Mohawk Street
Answer:
March 12 Medical waste expense 9100 Dr
Accounts Payable 9100 Cr
March 31 Accounts Payable 9100 Dr
Cash 9100 Cr
Explanation:
To record the services we received and have not paid for, we simply charge the service received as an expense and debit it and credit the Accounts Payable against it.
We use the relevant name for the service that we have created in our books. In this case, I have used the name Medical waste Expense.
The terms 2/10 n/30 means a 2% discount can be enjoyed by Grace Hospital if it pays the creditor within 10 days of receiving the service while n/30 means that the payment is to be made within the next 30 days from the day when service is received.
Grace doesn't pay for the services in the first 10 days there by missing on the discount and the whole amount is paid on 31 march. We debit the Accounts Payable as the liability has been settled and credit the cash through which payment is made.
Rejected. As the damaged packaging, and lack of label, show it may have been opened and contaminated.
