Answer:
The journal entries are as follows:
(i) On December 1,
Merchandise inventory A/c Dr. $5,700
To Account payable $5,700
(To record the merchandise purchase on account)
(ii) On December 6,
Account payable A/c Dr. $5,700
To cash $5,586
To Merchandise inventory $114
(To record the payment of merchandise within the discount period)
Workings:
Cash = 98% × $5,700
= $5,586
Answer:
Answer to the following question is as follows;
Explanation:
The precision of planned statistics that relate to future activities is a benefit of short-term planning. Long-term planning may be less trustworthy due to the inaccuracy of longer-term projections.
Long-Term Financial Objectives For most people, the most important long-term financial objective is to save enough money to live comfortably.
Virtually all organisations, from small startups to huge established firms, require short-term money management. Even huge corporations with seemingly strong financial accounts have declared bankruptcy because they were unable to pay their existing obligations.
The distribution channel is a series of marketing entities through which goods and services pass on their way from producers to end users.
<h3>What is distribution channel?</h3>
A distribution channel can be regarded as the marketing entities that the product and services of a comp-any usually pass through right from the producers to end users.
It can pass from the producer to the wholesaler to the retailer until it get to final consumer, hence, The distribution channel is a series of marketing entities through which goods and services pass on their way from producers to end users.
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The unemployment rate in this population is 12%
First of all we have to find the total labour force in this country
Children less than 18 + people in the military + people in jail + retirees + marginally attached workers + full time students
= 50million + 15million + 30 million + 10 million + 30 million + 20
= 155 million
Labor force = 280million - 155 million
= 125 million
In this population those working full time and part time are the number of those that are employed.
= 30 million + 80 million
= 110 million
The unemployed = 125 million - 110 million
= 15million
The unemployment rate =
= 0.12
The unemployment rate = 12%
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Answer:
answer is b Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit