<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
APR on a loan may be adjusted based on a borrower’s
credit history
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:
Amount of change in millions (Revenue) = $1,339 (Increase)
Percent of change = 0.08178 = 1.88 % (Approx)
Explanation:
Given:
Current Previous
Revenue $72,618 $71,279
Find:
Amount of change in millions = ?
Percent of change = ?
Computation:
⇒ Amount of change in millions (Revenue) = Current year revenue - Previous year revenue
⇒ Amount of change in millions (Revenue) = $72,618 - $71,279
⇒ Amount of change in millions (Revenue) = $1,339 (Increase)
⇒ Percent of change = Amount of change in millions (Revenue) / Previous year revenue
⇒ Percent of change = $1,339 / $71,279
⇒ Percent of change = 0.08178 = 1.88 % (Approx)
