The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is
Accounts Payable A/c Dr. $480
Purchase Return / Inventory A/c Cr. $480
A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.
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Answer:
$10,883
Explanation:
n = 31 years
Future value (FV) = 1,980,000 (The amount you need in 31 years for retirement)
i/r = 10% (given)
Present value (PV) = 0 (You have just started your job and have not reserved any amounts for retirement)
PMT (Monthly deposit needed) = ?
By using financial calculator, PMT = $10,883
South Africa, as a country still experiences a scarcity of skilled workers. This should not be, given the country's population size.
<h3>What is the scarcity of skilled workers?</h3>
The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.
However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.
This was how the economy of the United States was enabled to flourish until today. South African companies can emulate their footsteps.
Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.
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If both consumers and producers are experiencing a surplus the market is efficient
