Answer:
Explanation:
incorrect answer
a credit balance of $7500
correct answer
a debit balance of $7500.
To record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
<h3>Payable cash account</h3>
Based on the information given the appropriate journal entry to record a customer's check in full payment for a sale is:
Journal entry
Debit Payable Cash account
Credit Sales accounts
(To record customer's check in full payment)
Inconclusion to record a customer's check in full payment for a sale that was made the prior month, the company should debit the payable cash account.
Learn more about payable cash account here:brainly.com/question/4656883
Answer:
B) (I) is false, (II) true.
Explanation:
Even though short term rates (Treasury bills) are much more volatile than long term rates (Treasury bonds), it is normal that the rate of return on Treasury bills is lower than the rate of return on Treasury bonds. Some of the reasons why Treasury bills have such a low rate of return is that they are very liquid investments and they don't pay any periodic interest.
Answer:
The correct answer is B
Explanation:
Green Living Construction Company installs solar panels in large newly constructed buildings. The company employs several expert installers who work on a full-time basis. Although the installers work every day, the company pays them at the end of the month, for the previous month's work. Employee salaries are recorded as current liabilitieson Green Living's balance sheet.
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Answer:
$14,000
$10,000
Elastic
Explanation:
Given:
Amount = $200,000
Interest rate (R1) = 5% = 5/100 = 0.05
Interest rate (R2) = 7% = 7/100 = 0.07
Computation:
New Interest amount pay = Amount × Interest rate (R2)
= $200,000 × 0.07
= $14,000
Old Interest amount pay = Amount × Interest rate (R1)
= $200,000 × 0.05
= $10,000
Interest rate is elastic so ,Price of ticket is also elastic
