Answer: It created a platform for small business owners to open online stores to meet the needs of consumers in Chinese speaking areas within and outside China.
Explanation: Taobao with over one billion listings,is owned and founded by Alibaba( a Chinese entrepreneur) in the year2003. Taobao is a market place for consumers of Products,it helps to create Opportunity for Businesses to market their products and services,this platform has helped to build the Chinese Economy empowering people and helping to improve creativity, It also helped Chinese entrepreneur to be accessible to the world over.
Answer:
the spending variance is $6,904 favorable
Explanation:
The computation of the spending variance is as follows;
Budgeted Expense is
= 1,230 cars × $4.80 per car + $26,000
= $5,904 + $26,000
= $31,904
And, the actual expense is $25,000
Therefore, the spending variance is
= $31,904 - $25,00
= $6,904
Therefore, the spending variance is $6,904 favorable
The borrower will get a late fee for not paying on the due date.
Answer:
coupon payment = $2025
so correct option is A) $2,025
Explanation:
given data
par value = $100,000
coupon rate = 4%
annual inflation rate = 2.5% = 0.025
so Semiannual rate = 
= 0.0125
to find out
coupon payment will the investor receive at the end of the first six months
solution
as we know principal would increase by the amount of inflation
so it will be = $100,000 ( 1 + 0.0125 )
so here coupon payment will as
coupon payment = $100,000 ( 1 + 0.0125 ) × 
solve it we get
coupon payment = $2025
so correct option is A) $2,025
Answer:
The journal entry which is to be reported on January 1 is shown below:
Explanation:
The journal entry which is to be reported on January 1 for the issuance is as:
On January 1
Cash A/c............................Dr $600,000
Notes Payable A/c..........Cr $600,000
Being the issuance as well as proceeds of the note is recorded
On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited
