Answer:
Journalize the following transactions for the Scott company:
Nov 4. Received a $6,500, 90-day, 6% Note from Michael Tim's in payment of his account.
Dr Notes receivable 6,500
Cr Accounts receivable 6,500
Dec 31. Accrued interest on the Tim's note.
Dr Interest receivable ($6,500 x 6% x 57/365) = 60.90
Cr Interest revenue 60.90
Feb 2. Received the amount due from Tim's on his note.
Dr Cash 6,596.16
Cr Notes receivable 6,500
Cr Interest receivable 60.90
Cr Interest revenue 35.26
I did all my calculation based on a 365 day calendar year. Generally banks calculate interest on a 360 day calendar year.
<u>Answer: </u>Carnegie Steel had a(n) Integrated channel relationship<u>.</u>
<u>Explanation:</u>
Carnegie Steel Company has an integrated marketing channel. As the company is involved in vertical integration the company is in the same line of business from acquiring raw materials to making it into finished goods.
So there is a better bonding between the channels of the business. It makes it cost beneficial and ease of operations for Carnegie. The company also has advantage of maintaining the time of stock delivery. This business has connected chain of entities internally and externally.
Answer:
Explanation:
At equilibrium market demand =market supply and there is no pareto improvement over the equilibrium.Pareto improvement is where somebody can be improved off without intensifying other.
At equilibrium,total number of quantities that purchaser needs are equivalent to amounts which a providers needs to sell at a given cost
It does not implies all people will have same pay and market cost can vary by over 5% if request or supply changes
Answer:
The annual rate of return over the entire 15 years was of 5.64%.
Explanation:
Having made an investment for 15 years, with a varying interest rate, it is necessary to add all the annual interests and then divide them by the number of years to determine the average annual interest rate of said investment.
Thus, this investment had an annual interest rate of 3.3% for 7 years, and 7.7% for 8 years. Thus, it had an accumulated interest of 84.7% (3.3 x 7 + 7.7 x 8 = 84.7), which, divided by the 15 years that the investment lasted, give an average annual interest of 5.64% (84.7 / 15 = 5.64 ).