Answer:
Early settlement Discount: It is offered to customer to encourage them to pay earlier than the payment date.
Bulk Discount: If the customer buys over a certain quantity, he will get a discount.
Answer:
The correct answer is number "3": Create a new Support Process.
Explanation:
Support processes have are meant to ensure the main processes of the company's operations will work. In Salesforce, they can be created by going to "Setup" and selecting "Support Processes". After clicking "New", we should rename the support process. Finally, we must tap the "Save" button so the changes are stored.
Answer:
Increase, 5,000
Explanation:
Currency held by public = 2,000
Reserves held by banks = 300
Reserve requirement is 15%
2,000*15% = 300. Bank keep 300 out of 2,000 which raise reserves from 300 to 600. Money supply in economy is (600 / Money multiplier) = (600 / 0.15) = 4,000.
If reserve requirement is 10%
2,000*10% = 200. Bank keep 200 out of 2,000 which raise reserves from 300 to 500. Money supply in economy is (500 / Money multiplier) = (500 / 0.1) = 5,000.
Conclusion: The money supply in Macroland will increase to 5,000.
Answer:
The correct answer is option (a).
Explanation:
According to the scenario, the computation of the given data are as follows:
Amount = $10,000
Interest rate = 6%
So total interest amount = $10,000 × 6% = $600
So, the cash amount = $10,000 - $600 = $9,400
So, it shows increase in cash for $9,400.
The journal entry for the given data are as follows:
Cash A/c Dr $9,400
Interest A/c Dr $600
To Notes payable A/c $10,000
(Being the Notes payable is recorded))
