Answer: $36833
Explanation:
The net income will be calculated as:
Service revenue = $42700
Less: Debt expense = $8800 × 8/12 = $5867
Net income = $42700 - $5867 = $36833.
Therefore, based on the information and the calculation solved above, we can see that the net income is $36833
Stockholders are owners of a corporation. They have the right to vote on issues affecting the operation of the business.
Answer:
With simple interest = $1,604.2
With compound interest = $1,642.454
Explanation:
Data provided in the question:
Amount lend = $1,234
Time = 3 years
Rate of interest, r = 10% = 0.10
Now,
<u>With simple interest :</u>
Interest = Principle × Rate × Time
= $1,234 × 0.10 × 3
= $370.2
Therefore,
Total amount paid = Principle + Interest
= $1,234 + $370.2
= $1,604.2
<u>With compound interest :</u>
Amount to be paid = Principle × ( 1 + r )ⁿ
= $1,234 × ( 1 + 0.10 )³
= $1,234 × 1.1³
= $1,234 × 1.331
= $1,642.454
Answer:
Analysis
Date Description Amount Account // Sales // Other
Receivables
9th Promissory Note 3,125 3,125
18th Cash Sale 306 306
27th J.Than Account <u> 1,165 1,165 </u>
Subtotals 4,596 1,165 306 3,125
Explanation:
We are required to record inthe cash receipts journal therefore, only thus transactions which involve the receipts of cash will be jounralize.
We will record the amount to get the total
And then, break it into account receivables, sales and other concepts.
It is Globalization. It refers to the unrestricted movement of goods, capital, services, people, technology, and information. It is the act or procedure of global integration of countries arising from the union of world views, products, ideas, and other aspects of culture. Improvements in transportation and telecommunications structure have been the key factors in globalization, making further interdependence of trade & industry and cultural activities.