Answer:
b. $588
Explanation:
Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
When Larson Company sold merchandise, the following entry was made to recording revenue (sales) and the receivable:
Debit Receivable Account $1,000
Credit Revenue $1,000
On July 20 Stuart Co. returns merchandise, the entry is made to record the decreasing of Receivable Account:
Debit Revenue $400
Credit Receivable Account $400
The balance Receivable Account of Stuart Co. = $1000-$400 = $600
On July 24, Stuart Co. makes the payment, the sales discount was:
$600 x 2% = $12
The amount of cash received = $600-$12=$588
The following entry is made:
Debit Cash: $588
Debit Sales discount: $12
Credit Receivable Account $600
Answer:
B = 0.287 Tesla
According to thumb rule the direction of magnet is to the east.
Explanation:
F = BiL sin∅
note that F = mg
B = magnetic field
i = current
therefore,
mg = BiLsin∅
Make B subject of the formula
B = mg/iLsin∅
m/L = mass per length of the wire and it is given in gram per centimeter . It should be converted to kg per meter.
m/L = 0.440 g/cm
convert to kg/m = 0.440 × 0.001 kg × 100 m = 0.044 kg/m
B = 9.8 × 0.044 / sin 90 × 1.50 × 1
B = 0.4312/ 1.50
B = 0.28746666666
B = 0.287 Tesla
According to thumb rule the direction of magnet is to the east.
Answer:
Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.
Answer:
money and credit markets,investments,financial management
Explanation:
Finance consists of three interrelated areas: (1) money and credit markets, which deals with the securities markets and financial institutions; (2) investments, which focuses on the decisions made by both individuals and institutional investors; and (3) financial management, which involves decisions made within the ...
