A commonly held view among website developers is the eight seconds rule where consumers will abandon their efforts to enter or navigate a website if download time exceeds this amount of time.
Answer:
a. 73 days
Explanation:
The computation of average collection period of the receivables is shown below:-
Beginning Accounts Receivable account = $390,000
Ending Balance of $410,000
Net credit sales = $2,000,000
The average collection period of the receivables in terms of days
= $410,000 + $390,000
= $800,000 ÷ 2
= $400,000
Net credit sales = = $2,000,000 ÷ $400,000
= $5
Average collection period of the receivables in terms of days = Number of days in a year ÷ Net credit sales
= 365 days ÷ $5
= 73 days
The right answer for the question that is being asked and shown above is that: "C. needs and wants." Zahara Smith is wondering how she can make her check stretch enough to afford her monthly cable, water, grocery, and cell phone bills. Zahara is concerned with <span>needs and wants.</span>
Answer:Gundy Enterprise journal $
Date
Jan 31 2021
Income statementl Dr 641.67
Mortage Interest. Cr. 641.67
Recognition of interest payable on mortgage loan for December 2021
Jan 31 2021
Mortgage principal Dr 635.52
Mortgage interest Dr. 641.67
Bank Cr. 1277.19
Narration.payment of principal and interest Interest due on mortgage loan as at January 31 2021.
Explanation:
The monthly installment payments of $1277.19 consist of both the principal sum and accompanying monthly interest.
The interest needs to be first recognized as an expenses into the income statement and increase in the mortgage loan. This will prevent an over deduction on the mortgage loan.