Answer:
The journal entries are shown below:
Explanation:
The journal entries are as follows
On August 4
Account Receivable $610
To Sales Revenue $610
(Being the goods sold on credit basis is recorded)
On August 7
Sales Return and Allowances $60
To Accounts Receivable $60
(Being the sales allowance is recorded)
On August 12
Sales Discount $11
Cash $539
To Accounts Receivable $550
(Being the amount paid is recorded after considering the 2% discount
Answer:
c. modified internal rate of return
Explanation:
Modified internal rate of return ( MIRR ) -
The modified internal rate of return is used in order to rank the projects or the investment that are of unequal size.
The assumption involved is that the positive flow of cash are again invested to the firm and the initial outlays are financed during the firm's financing cost , is referred to as the MIRR.
MIRR is very accurate in comparison to the traditional internal rate of return (IRR) and gives the profit and cost of the project with more accuracy.
Hence , from the given information of the question,
The correct option is c. modified internal rate of return .
Answer:
22,361,183.
Explanation:
Given that,
Active duty personnel in all armed services = 1,361,183
Veteran population at the end of 2014 = 21,000,000
Average cost of life insurance = $750 per year
No. of buyers in the market:
= Total Active duty personnel in all armed services + Total Veteran population at the end of 2014
= 1,361,183 + 21,000,000
= 22,361,183
Therefore, the number of buyers in the market can be estimated as 22,361,183.