Answer: Purchase journal
Explanation: Purchase journal can be defined as the entry book in which the accountant record all the transactions that are related to the purchases made on credit . In simple words, it records the accounts payable of an organisation.
In the given case, the company has not paid the seller yet. Thus, the transaction results in incurrence of liability. Hence it will be recorded in purchases journal.
Answer:
Amount after 7 years will be equal to $914.615
Explanation:
We have given initial investment P = $650
It is given it is compounded annually with rate 5%
So rate of interest r = 5%
Time period is given n = 7 years
We have to find the amount after 7 years
Future value is given by , here A is future value P is initial investment r is rate of interest and n is time period
So
So the amount after 7 years will be $914.615
A line of credit similar to a credit card because interest is charged only on the amount you actually borrow.
I looked up the question, since this one is incomplete. I've attached an image of the correct chart. Elvis' marginal benefit of the fourth sandwich is his total benefit of eating 4 sandwich minus his total benefit from eating 3 sandwiches.
Looking at the chart, we see that this gives us 81-75 = 6.
Therefore, the Marginal Benefit of a fourth sandwich is 6.
Answer:
$11.75 per share
Explanation:
The formula and the computation of the book value per share are shown below:
Book value per share = (Total stockholder equity) ÷ (number of common shares)
= ($470,000) ÷ (40,000 shares)
= $11.75 per share
We simply divide the total stockholder equity by the number of common shares so that it can come in per share value.