Answer:
Explanation:
The journal entries are shown below:
Accounts receivable A/c Dr $2,520 ($2,800 - $2,800 × 10%)
To Service revenue A/c $2,520
(Being service provided is recorded by considering the discount)
Accounts receivable A/c Dr $630
To Service revenue A/c $630
(Being service provided is recorded without applying the discount)
Mobile payment or mobile money transfer is where a transaction is paid via a smart phone.
That statement is true
The total finance charge plus interest divided by the amount dinanced represents a ratio that can be used to determine the annual percentage rate.
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Answer:
Hind Petrochemicals Company
The reason that the NPV method is the most suitable method in evaluating the proposed investment is that
the NPV reduces all the cash outflows and inflows to their present value to assess their relative values vis-a-vis the time value of money.
Explanation:
NPV, therefore, creates a common denominator for project evaluation. If the cash outflows in their present values are more than the cash inflows in their present values, then Hind may need to reconsider its decision to buy the refineries from the government. Using NPV enables Hind Petrochemicals to compute the revenues and costs in their present values and cash flow forms.
Answer:
$92,000
Explanation:
As we know that the raw material inventory debited by the starting balance amount, purchase amount but it would be credited by the material used or transferred amount to the WIP inventory
As we can see that the $92,000 is requisitioned i.e. transferred to the WIP inventory so the same is to be reflected in the credit amount
Hence, the credit to the raw material account is made for $92,000
We assume that requisitioned word is used instead of removal
