Answer and Explanation:
1. The Journal entry is shown below:-
Notes receivable Dr, $33,000
To Sales revenue $33,000
(Being sales is recorded)
2. The computation of interest is shown below:-
Interest = $33,000 × 4% × 6 ÷ 12
= $660
3. The Journal entry is shown below:-
Cash Dr, $33,660
To Interest income $660
To Notes receivable $33,000
(Being collection of notes receivable is recorded)
Answer:
orientation is the correct answer.
Explanation:
Answer:
6.43%
Explanation:
The internal rate of return shall be determined by the Insurance firm using the following mentioned method:
Cash flows Year involved Present [email protected]% Present [email protected]%
($100) 1-20 ($851) ($1,487.75)
$3,310 20 $492 $1,832.67
($359) $344.92
IRR=A%+ (a/a-b)*(B%-A%)
A%=10% a= ($359) B%=3% b=$344.92
IRR=10%+(-$359/-$359-$344.92)*(3%-10%)
=6.43%
Answer:
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Answer:
Margin
Explanation:
When you use an indicator like a return over something else (in this case over the investment) the demand is around having a margin over a quantity, so the indicator in this case could be operational margin or net margin but all of the over the sales.
