Answer: It's advisable to start saving and investing as early as possible in order to take advantage of compound interest.
Explanation:
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Answer:
Explanation:
Based on the information provided within the question it can be said that this scenario has led to the United States adding more planned elements to the economy. They are doing this in order to prevent the market from hitting a pure market economy and remaining balanced towards a more planned economy.
Answer and Explanation:
Given that
The Sale is made for $900
Terms 2/10, n/30 that means if the payment is made within 10 days than 2% discount is eligible and the total credit period allowed is 30 days
Now the journal entry to record the receipts of a payment within discount period is
Cash Dr $882
Sales discount $18
To Account receivable $900
(Being the cash received)
true
What is Yom Kippur War?
The Yom Kippur War, often referred to as the Ramadan War, the October War, the 1973 Arab-Israeli War, or the Fourth Arab-Israeli War, was a military war that took place between Israel and a coalition of Arab nations commanded by Egypt and Syria from October 6 to October 25, 1973. While there was minor action in northern Israel and African Egypt, the most of the fighting between the two sides occurred in the Sinai Peninsula and the Golan Heights, both of which were conquered by Israel in 1967. Egypt's primary goal in the conflict was to gain control of the Suez Canal's eastern bank and use this position to pressure future negotiations for the restoration of the remaining Israeli-occupied Sinai Peninsula.
Learn more about Yom Kippur War with the help of given link:-
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Answer:
Explanation:
Cash Payment to customers: $450,000 x contract rate of 9% x 1/2 = $20,250
Amortization of the premium: $11,795/6 periods = $1,966
Bond interest Expense: $20,250 - $1966 = $18,284