In the evolution of the internet e-commerce allows people to make transactions online is the event occurred most recently.
<h3>Why e-commerce has grown up so much?</h3>
Today ecommerce has very vast market online and people are likely to sell and purchase the things online rather than going to physical market.
The increase in e-commerce has brought the emergency of online payment of the goods and services in the ecommerce.
Thus, option A is correct.
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Answer with its Explanation:
Step 1:
First of all record a loan of $3 million loan:
Dr Bank $3,000,000
Cr Loan $3,000,000
Step 2:
Finance charge will be 3% on this loan amount:
Dr Finance Charge $3million *3% = $90,000
Cr Bank $90,000
Step 3:
The interest on the note is 7% which is $70,000. So the journal entry would be:
Dr Interest Expense $70,000
Cr Interest payable $70,0000
Answer:
e) asynchronously
Explanation:
Since in the question it is mentioned that the team of Mary would be located in different countries having different time zones so it would be difficult to meet all together so their meeting would be conducted asynchronously where the time does not match or it would not be happened in the same time
Hence the last option is correct
Answer:
Option B
Cost of goods reported =$ 125,000
Explanation:
<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.
</em>
As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.
<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>
This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.
Cost of goods reported = cost of goods + under applied overhead
= 120,000 + 5,000 = 125,000
Cost of goods reported =$ 125,000