Explanation:
The journal entry is shown below:
Accounts Payable A/c Dr $8,300
To Cash A/c $8,140
To Merchandise Inventory A/c $160 ($8,000 × 2%)
(Being the purchase of merchandise is recorded)
The computation is shown below:
For account payable
= $10,000 + $300 - $2000
= $8,300
For cash account
= $8,300 - $160
=$8,140
Answer:
The answer is: Barb will earn more interest the second year than Andy.
Explanation:
The magic of compounding interest refers to the fact that the more frequently your money earns compounding interest, the bigger your balance will grow. Compounding interest adds earned interest into your account and then pays you an interest over the previous interest.
So Barb will earn more interest in the second year since the interest she earned in the firs year will gain more interest.
Capital is one of the
three primary factors of production. Others are land and labor. Capital or
capital goods can be consumable ones, but it is better if they are left unused,
where there will be more supply available for a subsequent time. Also, anything
that can help the owner to do efficient work is called capital. An example for
this is a machine in a factory that can help the owner of the business do work
faster and gain more income-producing goods.
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Had to look for the options and here is my answer:
The type of bond that Doug has purchased based on the given situation above is called the CONVERTIBLE BOND. From the word itself convertible, this is the type of bond that can be converted into an exact number of <span>shares of common stock. Hope this helps.</span>