Answer:
The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>
Date Account Title and Explanation Debit Credit
April 1 Account receivables $7,000
Sales revenue $7,000
April 10. Cash ($7,000*98%) $6,860
Sales discount ($7,000*2%) $140
Account receivables $7,000
Answer:
B. order priority provisions
Explanation:
When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.
The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.
So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.
This shows transparency of the process to the investor as he now knows when each order will be filled.
Answer:
you can get more of one good only by giving up some of another good
Explanation:
A production possibilities frontier shows the opportunity cost of producing one good instead of another. This way, as you follow the curve, the combination of goods will vary, increasing the production of one good but deceasing the production of the other.
Opportunity costs are the benefits lost or extra costs associated to choosing one activity or investment over another alternative. Since resources are scarce, you must always give something up in order to obtain another thing, e.g. you give up your leisure time in order to study.
I think it means whenever your angry you lose every single minute
Answer:
C. Trading Securities
Explanation:
Trading securities refer to those securities which are purchased not with the intention of holding them till maturity, but to realize the gains arising as a consequence of short term price movements.
Bonds refer to debt instruments issued by the borrower for raising long term finance whereby the borrower promised to pay fixed coupon rate of interest on timely basis and principal repayment upon redemption.
In the given case, bonds purchased with the intention of selling in the near future with an objective to benefit from short term price movements represent trading securities. The benefit would be in the form of short term capital appreciation.
