Answer and Explanation:
The journal entries are shown below:
On Aug. 1
Merchandise Inventory $75,000
To Accounts Payable $75,000
(Being the purchase of merchandise inventory is recorded)
For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it also increased the liabilities
On Sept. 1
Accounts Payable $75,000
To Notes Payable $75,000
(Being the issued of note payable on the account is recorded)
For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities
On Nov. 30
Notes Payable $75,000
Interest Expense $1,125 ($75,000 × 6% × 90 days ÷ 360 days)
To Cash $76,125
(Being cash paid is recorded)
For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets
Answer:
No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients.
Explanation:
Investment adviser are licensed professionals who are saddled with the responsibility of providing financial guidance or expert advice around investments, tax planning etc for customers in a financial institution.
A representative of a Federal Covered adviser is only required to register with the state in which he or she is operating.
However, for the investment adviser, they're expected or required by law to register with the Securities and Exchange Commission (SEC) since they're having no office in the state.
Hence, No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients according to the Uniform Securities Act.
The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.
The correct statement is that the final price of a tablet computer after marking up by 30 percent will be computed as $246.60. So, the correct option is D.
The calculation of such final price can be done adding the percentage of marking price to the cost price by putting the given values.
<h3>Calculation of Final Price or Selling Price</h3>
The formula for the calculation of the tablet computer's final price is shown below, along with putting the given values as,
![\rm Final\ Price = Cost\ Price\ x\ [1+Marking(\%)]\\\\\rm Final\ Price = \$186.46\ x\ 1+0.30\\\\\rm Final\ Price = \$186.46\ x\ 1.30](https://tex.z-dn.net/?f=%5Crm%20Final%5C%20Price%20%3D%20Cost%5C%20Price%5C%20x%5C%20%5B1%2BMarking%28%5C%25%29%5D%5C%5C%5C%5C%5Crm%20Final%5C%20Price%20%3D%20%5C%24186.46%5C%20x%5C%201%2B0.30%5C%5C%5C%5C%5Crm%20Final%5C%20Price%20%3D%20%5C%24186.46%5C%20x%5C%201.30)
So, the final price will be,
Hence, the correct option is D that the final price of a tablet computer on marking of 30 percent over a cost price of $186.46 will be $246.60
Learn more about final price here:
brainly.com/question/213854
Answer:
Broadcast Blacks
Explanation:
Broadcast Blacks is a segment that was identified by Yankelovich for marketing targeting purposes. The findings were based on a survey of 3,400 Black Americans aged 17 to 34.
Eleven segments were identified and determine consumer trends, media preferences, and confidence in key institutions.
Broadcast blacks are independent, confident, and have positive attitude. They are mostly middle age females. Heavy users of telecision and radio. They are the least users of the internet. Prefer to buy black.
