Answer:
Account receivable balance = $1,100 - ($1,100* 5%)
Account receivable balance =$1,100 - $55
Account receivable balance = $1,045
Date Account Title Debit Credit
Cash Account $1,045
To Accounts receivable $1,045
Answer:
Letter B is correct.<u> Markets clear in the long run.</u>
Explanation:
The correct alternative is the letter B, since a market clearing price can be defined as the equilibrium price, which is characterized by the price of a good or service whose quantity offered is the same quantity demanded.
Therefore, when there is a situation in which the sale price is higher than the market clearing price, the supply will be greater than the demand, which will create a stock of surpluses that will accumulate in the long run.
Answer:
The answer is 8%
Explanation:
Remember the formula of simple interes is
Total Interest = Amount(Capital) x interest rate x time
in this case
(35.000-25.000) = 25.000 x i x 5 years
10.000/25.000 / 5 = i
0,08= i
8% = i
Some companies try to gain competetive advantage