Answer:
Debit Cash/Bank $48,500
Debit Service charge (p/l) $48,500
Credit Accounts receivable $50,000
Being entries to account for credit card payment of debt due from customers.
Explanation:
The credit card payment is a form of cash and cash equivalent that may be accepted by a company in place of debt owed by another company (a customer).
This is usually at a fee and may be done to ease the company's liquidity. The actual receivable will then be collected from the customer by the credit card company. This is a form of debt factoring.
Service charge
= 3% * $50,000
= $1,500
Amount received = $50,000 - $1,500
= $48,500
The accounts to be adjusted include cash/bank account, service charge (p/l) and accounts receivable.
- Interest = $10000 x .04965 x 13/52 weeks = $124.13
- Proceeds = $10000 – 124.13 = $9875.87
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03%
Answer:
You pay your neighbor $400 to cut the tree down.
Explanation:
You pay your neighbor $400 to cut the tree down.
The amount paid to the neighbor is to be more than the value of the tree as your neighbour values and this will satisfy as per the Coase Theorem which states that amount paid for the damage caused due to negative externality should be more than the value that the person attaches to production of externality.Also, it is to be lower than the cost which the person has to bear because of mango production and thus as a result both gain $100 in the process.
Answer:
b. 104
Explanation:
" Arona uses a weighted-average process cost "
Equivalent units as the materials are added entiely at the beginning of the process the equivalent untis will match the physical units:
84 complete and transferred + 20 ending inventory = 104
under weighted average the ocompany's don't make the difference among started and started and complete like in FIFO
Answer:A. Define the business mission
Explanation: Define the Business mission is the processes involved in tying to understand a given business,it helps to know the aims and objectives,the present situation and the impact a given business has.
In the case of Hewlett-Packard Company (HP) acquired Palm Computing Inc., HP will try to know how Palm computing has fared through the years and what impact will it have on his own business objectives when it is fully acquired.
