I’m pretty sure the answer is b. False because it usually takes 30 days. Sorry if I’m wrong
As she adjust to this event, SHE WILL CONSUME LESS PEANUT BUTTER AND MORE ICE CREAM.
Utility maximization is an economic concept, which consumers use when making purchases. Consumers usually try to get the greatest possible value from the least amount of money. Thus, the theory of utility is a theory of consumer behaviour, which explain how consumers allocate their incomes.
In this case, the Sturdy Construction is engaging in an effective supply chain management.
<h3>What is
supply chain management?</h3>
The management of Supply chain means the process of handling the flow of goods & services, right from the raw manufacturing process to the final production which facilitate its consumption by the consumer.
In conclusion, the the Sturdy Construction is engaging in an <u>effective supply chain management</u>.
Read more about supply chain
<em>brainly.com/question/25160870</em>
Answer:
Date Particulars Debit Credit
Inventory 40,000
Accounts Payable - Gita 30,000
Bank 10,000
Accounts Receivable - Jeewan 7,000
Sales 7,000
Cost of Goods sold 10,000
Inventory 10,000
Accounts Payable - Gita 15,000
Discount Received 1,000
Cash 14,000
Cash 6,500
Discount Received 500
Accounts Receivable - Jeewan 7,000
Explanation:
It is required to record journal entries of given transactions. It is shown on the question that transactions includes purchase, sales, cash receipts and cash payment. The first transaction describe that business purchase goods from Gita while in second transaction it shows the business sold goods on Credit. The third transaction indicates business paid cash to accounts payable and received discount. The fourth transaction indicates that business received cash from Jeewan a Receivable and received discount from them.
- Monthly payment = $753.45
- Interest in first month = $85
First remove the amount paid as down payment:
= 20,000 - 3,000
= $17,000
The amount to be paid monthly is a constant amount which would make it an Annuity.
The $17,000 is the present value of this Annuity so the formula for present value of annuity can be used to find the annuity.
The payment is monthly so the rate and number of periods needs to be converted:
Rate = 6%/12 = 0.5%
Period = 2 x 12 = 24 months
Annuity is:
<em>Present value of Annuity = Annuity x ( 1 - (1 + rate) ^- number of periods) / rate </em>
17,000 = A x ( 1 - ( 1 + 0.5%)⁻²⁴) / 0.5%
17,000 = A x 22.5628662
A = 17,000 / 22.5628662
A = $753.45
The interest in the first month is:
<em>= Interest rate x Amount borrowed </em>
= 0.5% x 17,000
= $85
In conclusion, the monthly payments will be $753.45 and the interest in the first month will be $85.
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