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3 years ago

Financial literacy refers to:

Business

1 answer:

fredd [130]3 years ago

5 0

Answer:

b) How well you understand and use personal finance information

Explanation:

Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.

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DS Unlimited has the following transactions during August. August 6 Purchases 84 handheld game devices on account from GamerGirl

damaskus [11]

Answer:

Explanation:

The journal entries are shown below:

On August 6

Merchandise Inventory A/c Dr $22,680 (84 handheld games × $270)

To Account payable A/c $22,680

(Being the inventory purchased is recorded)

On August 7

Merchandise Inventory A/c Dr $470

To Cash A/c $470

(Being the freight cost is paid)

On August 10

Account payable A/c $2,430 (9 handheld games × $270)

To Merchandise inventory A/c $2,430

(Being the goods are returned)

On August 14

Account payable A/c Dr $20,250 ($22,680 - $2,430)

To Merchandise Inventory A/c $405 ($20,250 × 2%)

To Cash A/c $19,845

(Being the amount due is paid)

On August 23

Accounts Receivable A/c Dr $18,560 (64 handheld games × $290)

To Sales revenue A/c $18,560

(Being the sales on credit basis is recorded)

Cost of goods sold A/c Dr $17,335

To Merchandise Inventory A/c $17,335

(Being the total cost is recorded)

7 0

3 years ago

Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the

patriot [66]

Why are they giving $110,000 more?

5 0

3 years ago

Today, you borrowed $3,200 on a credit card that charges an interest rate of 12.9 percent, compounded monthly. How long will it

miskamm [114]

Answer:

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

Explanation:

SOLUTION:

Using the Formula: A = P(1+r/n) ${nt}$

Where:

A= $60.00;

P = $3,200.00;

r = 12.9%;

n = 12

t =?

Substituting the values into the Formula =

$60 = $3,200(1 + 12.9%/12) ${12t}$

= $60 = $3,200(1 + 12.9%/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.129/12) ${12t}$

= $60.00 = $3,200.00 (1 + 0.01075 ) ${12t}$

= $60.00 = $3,200.00 (1.01075 ) ${12t}$

= $60.00/$3,200.00 = $3,200.00 (1.01075 ) ${12t}$ /$3200.00

= 0.01875 = (1.01075) $12t$

= Using the law of logarithm

= log $A^{N}$ = Nlog A

=12tlog(1.01075) = log0.01875

= 12log(1.01075)/(1.01075) = log0.01875/log(1.01075)

= 12t = log(0.01875)/log1.01075

= 12t = 1.7270/0.04644

Divide 12 by both sides

=12t/12 = 371.88774/12

t= 30.9898

∴ 30.99 years

It will take me = 30.99 years to pay-off the borrowed amount paying $60.00 every month

3 0

4 years ago

David wants to open a new gymnasium with state-of-the-art equipment and qualified trainers. However, he can only afford either o

Nesterboy [21]

Answer:

Too little money

Explanation:

In the given case, David wanted to have all required resources and he also had complete knowledge of it. However he could not get them properly due to his budget constraints which lead to shut down of his business.

This case clearly depicts the problem of too little money as the risk of failure was not mentioned as such. Also the business David was willing to open was not relate to any chemical or defense industry so there was not much regulatory burden.

8 0

3 years ago

There can be many departments or just a few when _____ a business.

Cerrena [4.2K]

Answer:

it depends on the business

Explanation:

when the business is small there will be less department but if the business is big then there will be more department

4 0

2 years ago

Read 2 more answers