pay as much as possible each month. This saves finance charges in long run.
Answer:
The correct answer is letter "D": Explanatory.
Explanation:
Explanatory research typically is carried out when preliminary research was not made successfully, is unclear or vague. Explanatory research is based on factual data -mainly numerical- that allows the researcher to support the detailed descriptions that must be reported as conclusions of the study.
Answer:
Explanation:
Present value of Annuity will be used for this as the future payments are given after equal intervals.
PV of an Annuity = C x [ (1 – (1+i)^-n) / i ]
Where,
C is the cash flow per period
i is the rate of interest
n is the frequency of payments
add given Values in the formula:
$1,000 x [ (1 – (1+4%)^-12) / 0.04 ]= $9387.5 is the Answer
Answer:
1. 10 Oct 2018 Inventory $59500 Dr
Accounts Payable $59500 Cr
2. 13 Oct 2018 Accounts Payable $1700 Dr
Inventory $1700 Cr
Explanation:
1. The Textbook store is purchasing the books at $17 per book and in total 3500 books are purchased on credit. So, we debit the inventory account by 59500 (3500 * 17) and credit the Accounts Payable by 59500.
2. This transaction relates to Purchases return which in this case is our inventory of books. Textbook store will record this transaction in its books by debiting the Accounts Payable account by the value of the books returned 1700 (170* 100) and credit its inventory by 1700. The last line pertains to total estimation of sales returns by Piranha so we do not need to consider that while preparing transactions in Textbook store's books.
The given statement " Congress is required to ensure that the tax law has the following characteristics: equality, certainty, convenience, and economy " is False.
Explanation:
The Congress is authorized, taxation, fees and excise duty are laid down and collected, the debts are paid and the common good and security of the United States are assured. but all privileges, charges and excise duty are identical throughout the United States.
Borrowing money on the ledger of the US;
To control trade with foreign countries, as well as with the Indian tribes among several States.
Maintain a standardized naturalization requirement and common rules on bankruptcy filings in the United States.
To coin the currency, the value and international coin shall be regulated and the weights and measurements shall be established.
