The following transactions were completed by the company.

Withdrawal is a far more important concept in treatment and recovery than relapse. True False

Sphinxa [80]

the awnser to the problem is true.

3 0

2 years ago

Iron Company collects cash in full from a customer who purchased merchandise last month on credit. To record the receipt of cash

neonofarm [45]

Answer:

Credit to Accounts Receivable
Debit to Cash

Explanation:

Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.

When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.

Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.

3 0

2 years ago

The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as

devlian [24]

Answer: The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as

Select one:

a. Fiscal neutrality.

b. Inflation.

c. Complete crowding out

d. A recession.

Explanation:

3 0

3 years ago

A homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 per

EastWind [94]

Answer:

Break even point = 5.90 years

Explanation:

given data

loan amount = $250,000

time N = 30 year = 360 months

rate I/y = 6 % = 6% / 12

rate I/y = 5.5 % = 5.5% / 12

solution

we get here PMT for both Loan rate 5.5% and 6% is

for loan A

PMT( monthly rate, time period, loan amount )

PMT( 6/12 , 360 , -$250,000 )

PMT = $1498.88 ...........1

and for loan B

PMT( monthly rate, time period, loan amount )

PMT( 5.5/12 , 360 , -$250,000 )

PMT = $1,419.47 ...........2

so here saving is

Savings = Loan A – Loan B

Savings = $1498.88 - $1,419.47

Savings = $79.40

Point will be = $250000 × 2.25%

points = $5625

so here Break even point will be

Break even point = points ÷ savings ...........3

Break even point = 5625 ÷ 79.40

Break even point =70.84 month

Break even point = 70.84 ÷ 12

Break even point = 5.90 years

3 0

3 years ago

A small stock dividend is defined as A. less than 20–25% of the corporation's issued stock. B. between 50% and 100% of the corpo

Inga [223]

Answer: Option (A) is correct.

Explanation:

It is defined as the distribution of the dividend of less than 25% of company's outstanding shares to the current stockholders. On the basis of current investors ownership percentage, there is an increase in the outstanding shares (less than 26%) by distributing new shares to them. In a distribution of stock dividend, a portion of retained earnings is transferred to the capital accounts on the balance sheet.

4 0

3 years ago