Answer and Explanation:
1. Journal Entries
July 15 Accounts Receivable $66,000
Sale Revenue $66,000
July 23 Cash $64,680
Sales discount 1320
Accounts Receivable 66,000
2. Journal Entries
July 15 Accounts Receivable $66,000
Sale Revenue $66,000
August 15 Cash $66,000
Accounts Receivable 66,000
Answer:
B.
Explanation:
It should be noted that the salary of Rabah depends on the profit the company made after amount. Therefore, for Rabah to have or collect a high salary at the end of the month, then the amount to be charged per visit and the membership fee must be increased. So, when they are on the high side or increased, then Rabah is assured of a good salary at the end of the month.
Y=50x+250 is the original. Substitute the words from the word problem, and you have 1150=50n+250. I even solved for you, in case you wanted to know.
Borrowers payment history
Answer:
25.94%
Explanation:
Assume, Face value of bond =$1000
Purchase price of twenty year zero coupon bond = 1000/((1+i)^N)
. Where, yield = 5% =0.05
, N= number of years to maturity =20
==> Purchase Price = 1000/(1.05^20)
Purchase Price = 1000/2.65329770514
Purchase Price = $376.89
Selling Price after one year: 1000/(1+I)^19. Where i=yield=4%=0.04, N=19
Selling Price=1000/(1.04^19)
Selling Price = 1000/2.10684917599
Selling Price = $474.64
Rate of Return = (474.64/376.89) - 1
Rate of Return = 1.25935949481281 - 1
Rate of Return = 0.2594
Rate of Return = 25.94%
