Answer:
$3,000 credit
Explanation:
Given the followin currency exchange rates for 1 rand are as follows:
January 1 $0.25 = 1 rand
Average for the year 0.28 = 1
December 31 0.31 = 1
Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500
Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500
Credit (Debit) = $15,500 - $12,500 =$3,000
Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.
Answer: (2823, 3417)
Explanation:
The confidence interval for the population mean is given by :-
, where E is the margin of error.
Formula for Margin of error :-
Given : Significance level : 
Sample size = 20
Critical value : 
Margin of error : 
Now, the 95% confidence interval for the population mean will be :-
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
<h3>What is meant by account receivable?</h3>
- The money clients owe your business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, including bills from clients for goods or services on credit.
- A person who works in accounts payable must ensure that their company receives payments for the goods and services it provides and record these transactions appropriately.
- Trade accounts receivable notes receivable and other receivables are the three categories into which receivables are typically broken down.
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to accounts receivable.
To learn more about accounts receivable, refer to:
brainly.com/question/24848903
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Answer:
having the power to make laws
Explanation:
Answer:
B) no more than 9%
Explanation:
The computation of the rate of interest is given below:
Given that
Initial Cost = $500
Yearly Yield = $200
Based on the above information
Let us assume the rate of interest be 10%
So,
PV at 10% is
= - $500 + $200 ( P/A , 10% , 3 )
= -$500 + $200 ( 2.487 )
= - 500 + 497.4
= -2.6
As we can see that the at 10% there is a negative value and if we take more than 10% so again it would be the negative value
Now
Let us assume the rate of interest be 10%
So,
PV at 8% is
= - $500 + $200 ( P/A , 8% , 3 )
= -$500 + $200 ( 2.577 )
= -$500 + $515.4
= $15.4
So the rate of interest would not be more than 9%
