Answer:
D) Credit to Merchandise Inventory for $4,000
Explanation:
Date Account and Explanation Debit ($) Credit ($)
Account Receivable 5,800
Sale 5,800
(Recorded the sale on credit)
Cost of goods sold 4,000
Merchandise Inventory 4,000
(Recorded the cost of goods sold)
Cannot be determined from the information given.
Answer:
The answer is below
Explanation:
Appreciation and depreciation is caused by demand. If the value appreciates (or goes up), demand for the currency also rises. Whereas if a currency depreciates, it loses it value.
Given that the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar. Sine the U.S dollar appreciates, hence the franc would depreciate. The franc depreciates from 1.25⁻¹ (0.8) U.S dollars per franc to 1.5⁻¹ (0.67) U.S dollars per franc.
If the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar, then the franc depreciates from 0.80 U.S. dollars per franc to 0.67 U.S. dollars per franc.
It is helpful to convert phone numbers into letters when you are advertising for a business. For example, if you were advertising for a fish market, the phone number could be something like "123-FISH". This is helpful to remember the numbers for a lot of people. It's a lot more likely someone will remember "123-FISH" than a bunch of random numbers.
Hope this helps!!
Answer:
10.38%
Explanation:
From the question above a bank offers to lend an amount of $10,000 for a period of 1 year
The bank expects an interest of $250 to be paid every 4 months
= $250×4
= $1,000
Total amount of interest= $1,000
The first step is to calculate the nominal interest
= (1000/10,000)×100
= 0.1×100
= 10%
Therefore, the effective annual rate on the loan can be calculated as follows
= (1+r/m)^m-1
r = 10% , m = 4
= [1+(10/100)/4]^-1
=[ (1+0.1/4)^4]-1
= (1+0.025^4)-1
= (1.025^4)-1
= 1.1038-1
= 0.1038×100
= 10.38%
Hence the effective annual rate in the loan is 10.38%
