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Rs 253 must be debited to his account .
Rs ( 23+230)= 253
A $23 credit to sales was posted as a $230 credit.In this case, the transaction was recorded on the wrong side with wrong amount. Thus Rs 253 must be debited to his account .
Rs ( 23+230)= 253.
- Credit sales refer to a sale in which the amount owed will be paid at a later date. In other words, credit sales are purchases made by customers who do not render payment in full, in cash, at the time of purchase.
- It is common for credit sales to include credit terms. Credit terms are terms that indicate when payment is due for sales that are made on credit, possible discounts, and any applicable interest or late payment fees.
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Answer:
a. $39,400
b. $157,600
c. $6,304
Explanation:
a. Down payment
Bank requires 20% down payment
= 20% * 197,000
= $39,400
b. Mortgage amount
= Price of house - down payment
= 197,000 - 39,400
= $157,600
c. Amount at 4 points:
= Mortgage * 4%
= 157,600 * 4%
= $6,304
Answer:
E. Suppose a firm's total assets turnover ratio falls from 10% to 9%, but at the same time its profit margin rises from 9% to 10% and its debt increases from 40% of total assets to 60%. Under these conditions, the ROE will increase.
Answer:
a. 28.7 millions
b. 20.4 millions
c. 0.9231, or 92.31%
Explanation:
a. How much of the population is older than 16? million
Number of population older than 16 = Total population - Children under the age of 16 = 35.4 – 6.7 = 28.7 millions
b. What is the size of the labor force? million
Labour force = Employed + Unemployed = 18.5 + 1.9 = 20.4 millions
c. What is the labor force participation rate?
Working age population = Total population – Children under the age of 16 – Retirees = 35.4 – 6.7 – 6.6 = 22.1 millions
Labor force participation rate = Labor force ÷ Working age population = 20.4 ÷ 22.1 = 0.9231, or 92.31%
