Answer:
C
Explanation:
I just did it and got it right :))
Answer:
Explanation:
Its importance is that it is a draft prepared by the accountant, with the purpose of preparing, based on it, the main financial statements, such as the profit and loss statement, the balance sheet and the surplus.
Answer:
The full payment is due within a 30-day credit period.
The buyer can deduct 2% of the invoice amount if payment is made within 10 days of the invoice date.
Explanation:
The credit terms of 2/10,n/30 means that
The credit period available is 30 days in which the fully payment is due
And, if the payment is made within the 10 days so the buyer could eligible for 2% discount on the total price
Therefore the above 2 options should be considered
<h3>Hello there!</h3>
Your question asks what type of fund should the gift be accounted for.
<h3>Answer: D). Permanent fund</h3>
The reason why answer choice " ). Permanent fund" is the correct answer because the gift "restricts" the government in it's usage, due to the fact that the $200,000 gift and investment must be used to "beautify the city-owned parks."
The $200,000 gift and investments has a specific intention when being used.
The government would therefore keep some of the money from the gift and investments as a "principal" to make more money from it, while using the rest of the money for it's obligated "use" or "benefit".
This would also be known as a Permanent fund because the fund is being used for something that is owned by the government. In this context, the thing that is owned by the government would be the park, due to the fact that the park is "city-owned." The gift is obligated to be used for the "city-owned" park.
<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
Answer:
c. 6%.
Explanation:
Nominal interest rate = Real interest rate + Expected rate of inflation
Real interest rate = Nominal interest rate - Expected rate of inflation
United Kingdom
Real interest rate = 8% - 6% = 2%
Use Real Interest rate globally
Nominal interest rate = Real interest rate + Expected rate of inflation
Nominal interest rate = 2% + 4% = 6%
