Answer:
The correct answer is letter "C": $75.
Explanation:
The outstanding balance in a credit card represents the amount of money the account holder used out of the credit limit of the card. It also represents the debt the cardholder has with the financial institution that issued the card. The full credit limit will be available once the outstanding balance is paid off.
Thus, if the credit limit of a card is $800 and its outstanding balance is $725, the account holder can use $75 ($800-$725 = $75) for the upcoming month.
Answer: See explanation
Explanation:
Firstly, the interest revenue will be calculated as:
= 7,100 × 12% × 90/360
= 7100 × 0.12 × 0.25
= $213
Therefore, Jun's journal entry assuming the note is honored by the customer on October 31 will be:
Debit: Cash = $7313
Credit: Notes receivable = $7100
Credit: Interest revenue = $213.
The percent change in real GDP is 17.65%
<h3>What is the GDP of an economy?</h3>
The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.
The percent change in real GDP can be calculated by using the formula:
= 17.65%
Learn more about gross domestic product (GDP) here:
brainly.com/question/1383956
Answer:
$105,547
Explanation:
Original cost of machine = $270,000
Machine sold for = $150,000
Book value = $120,000
Down payment = $30,000
$60,000 payable on December 31 each of the next two years
.
Present value of an ordinary annuity of 1 at 9% for 2 years = 1.75911
The amount of the notes receivable net of the unamortized discount:
= Amount paid on December 31st × Present value of an ordinary annuity
= $60,000 × 1.75911
= $105,547
Answer: The digital bank is depository bank.
Explanation:
A depository bank or depositary bank is a specialist financial entity which, inventories and helps with the act of trading securities depending on jurisdiction, facilitates investment in securities markets.
