1.tracking your spending 2.avoiding impulse purchases 3.using credit cards infrequently
The process is a multiplicative inverse of which people seem to check
Answer: 0.10%
Explanation:
The following can be gotten from the question:
n = 15 years
We change it to months. Thus will be:
= 15 × 12
= 180
Present value of an annuity :
= A × {1- (1 +r ) -n ]/r}
74000 = 450 × [ 1- (1 +r) - 180]/r
r= 0.10%
Therefore, the monthly interest rate is 0.10%.
Answer:
Right to transfer
Explanation:
The owner has opted to use some land but leases the rest to a tenant by exercising the right to transfer. The right to transfer is a contract which allows renting some part of the land to another party for a specific period of time. The contractual right and responsibility are transferred through delegation or assignment.
Answer:
$23,300
Explanation:
Bad debt Expense will be calculated using the account receivable method. The expense is calculated using the account receivable aging analysis.
Closing Value of the Allowance for Doubtful Accounts will be as follow
As Allowance for Doubtful Accounts already have Credit balance of $12,200, we need to adjust the remainder to make the closing credit balance of Allowance for Doubtful Accounts $35,500 at the year end.
Adjustment Value = $35,500 + $12,200 = $23,300
This Expense will be recorded as follow
Dr. Bad Debt Expense $23,300
Cr. Allowance for Doubtful Accounts $23,300
