Hello there.
What is the amount of money you still owe to their credit card company called
Credit card balance is the amount of money you still owe to their credit card company
Answer:
The answer will be below
Explanation:
a. Income from operations=$322,990-$143,460-$49,300=$130,230
b. Net Income=$322,990-$143,460-$49,300+$27,900-$5,590-$12,730=$139,810
c. Comprehensive Income=$9,390
d. Retained Earnings=$139,810-$4,750=$135,060
This would be the journal entry to record the transaction
for the non-interest bearing note:
January 1, 2016
Debit Notes Receivable 605,000
Credit Discount on notes receivable (605,000 – 500,000)
105,000
Credit Sales Revenue 500,000
As for the interest at the end of the month
Debit Discount on notes receivable 2,520.83
Credit Interest Revenue 2,520.83
Computation: 605,000 x .10 divided by 24 since it is 2 years
Answer:
18.5 months approximately
Explanation:
initial investment x (1 + appreciation rate)ⁿ = initial investment + $100,000 + ($500 x n)
$250,000 x (1 + 2%)ⁿ = $350,000 + $500n
1.02ⁿ = $350,000/$250,000 + $500n/$250,000
1.02ⁿ = 1.4 + 0.002n
I tried to solve it by trial and error:
50 months:
2.69 ≠ 1.5
40 months:
2.21 ≠ 1.48
30 months:
1.81 ≠ 1.46
20 months:
1.49 ≈ 1.44 ⇒ getting closer
18 months:
1.43 ≈ 1.44 ⇒ almost
18.5 months:
1.44 = 1.44 ✓
So the correct answer is False.
a small percent of international combinations fall short of their objectives and the majority is not continue operating for several years.
International Combination
A business combination occurs when one entity acquires control of one or more businesses. The most common type of business combination is a purchase transaction in which the acquirer buys a company's net assets or equity interests in exchange for cash or shares.
To learn more about International Combination
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