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ArbitrLikvidat [17]
3 years ago
9

True or false: shopping ads can appear at the same time as text ads, allowing shoppers to find the best match before clicking th

rough to make a purchase.
Business
1 answer:
morpeh [17]3 years ago
5 0
The answer in the statement above is true. It is because the shopping ads that they provide has the ability of having to provide the text ads in the same time in which is beneficial towards its shoppers because not only they will know about the product but they find the best match for the product that they would like to purchase.
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Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00
IRISSAK [1]

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%

6 0
2 years ago
Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has​ dropped, and the merchandise is gatheri
Tomtit [17]

Answer:

Explanation:

Canton Trade Mart has recently had lackluster sales. The rate of inventory turnover has​ dropped, and the merchandise is gathering dust. At the same​ time, competition has forced Canton​'s suppliers to lower the prices that Canton will pay when it replaces its inventory. It is now December​ 31, 2018​, and the net realizable value of Canton​'s ending inventory is $ 50,000 below what the company actually paid for the​ goods, which was $270,000. Before any adjustments at the end of the​ period, the Cost of Goods Sold account has a balance of $760,000.

a. What accounting action that Canton should take in this​ situation is inventory write down - from cost to net realizable Value as is prescribed by financial reporting standards.

b. Give any journal entry required.

JOURNAL ENTRY

Dr. Cost of Goods Sold......(270,000 - 50,000)...$220,000

Cr. Inventory...................................................................................$220,000

Being inventory write down of closing inventory to net realizable value at year end.

c. At what amount should the company report Inventory on the balance​ sheet?

Net Realizable Value of  $50,000

d. At what amount should the company report Cost of Goods Sold on the income​ statement?

Cost of Goods Sold had a previous account balance of $760,000 and will now include the inventory write down of $220,000 making $980,000

e. Discuss the accounting principle or concept that is most relevant to this situation.

International Accounting Standard 2 (IAS 2) stipulates that inventory should be carried at the <u>lower of Cost or Net Realizable Value</u>

<u />

6 0
3 years ago
Read 2 more answers
Why are "growth" and "development" not interchangeable terms?
o-na [289]

Hey there

the answer is

Growth  normally refers to increase in the size of the system, while "development" usually refers to improvement

thank you

OFFICIALLYSAVAGE2003

3 0
3 years ago
__________ to sell at a price no less than the minimum set by the manufacturer
kozerog [31]
A. fair trade is to sell at a price no less than the minimum set by the manufacturer
8 0
3 years ago
As a factor of production how is capital created A. by adding land to entreprenurship B. by adding human labor to land C. by rem
Hatshy [7]

Answer:

is by adding human labor to land

5 0
2 years ago
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