Human activity is the major source of air pollution in the upper atmosphere. These includes the production of SOx from burning of fuel from different industrial process plant, production of CO from vehicular exhausts, production of NOx from emission of exhaust in a high temperature combustion process, and CO2 from respiration, combustion of fuel and cement industries.
Answer:
April 5
Dr Land 3,360,000
Cr Common stock 2,400,000
Cr Paid in capital in excess of par Common stock 960,000
Explanation:
Prepare of the journal entry to record the transaction.
April 5
Dr Land 3,360,000
(30,000 shares x $112)
Cr Common stock 2,400,000
(30,000 shares x $80)
Cr Paid in capital in excess of par Common stock 960,000
[30,000 shares x ($112-$80)]
(30,000 shares x $32)
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%