Answer:
The correct answer is $47,596.2.
Explanation:
According to the scenario, the given data are as follows:
Total amount (P)= $46,000
Rate of interest = 5.2%
Time period = 8 months
So, rate of interest for 8 months (r) = 5.2% × 8 ÷ 12 = 3.47%
Time period (t)= 1
So, we can calculate the Joe loan repayment value by using following formula:
Loan repayment value = P × ( 1 + r)^t
= $46,000 × ( 1 + 3.47%)^1
= $46,000 × ( 1.0347)^1
= $47,596.2
Answer:
1. Purchased $11,000 of supplies on account.
Dr Supplies 11,000
Cr Accounts payable 11,000
2. Earned and collected $28,000 of cash revenue.
Dr Cash 28,000
Cr Sales revenue 28,000
3. Paid $9,500 cash on accounts payable.
Dr Accounts payable 9,500
Cr Cash 9,500
4. Adjusted the records to reflect the use of supplies. A physical count indicated that $2,600 of supplies was still on hand on December 31, Year 2.
Dr Supplies expense 8,400
Cr Supplies 8,400
The outcome that is expected is that the students would purchase more than 750 cups per day. This is a good selling strategy because it raises the belief that they are buying more and it is cheaper. The result is that the business will have better outcomes and the incomes will increase. Not to mention that the clients will prefer same quality of cofee for a "cheaper" price.
We went for a drive, 2:30 in the morning
I kissed you, it was pouring
We held each other tight before the night was over
You looked over your shoulder
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Oh, I was doing fine
You said, "Remember that night?
Remember that night?"
Answer:
A: $0
Explanation:
Holder in due course describes a person who has accepted a negotiable certificate in good faith.
It is one of the requirements by law for a holder in due course that it must not be aware of any defaults.
Since Happy Collection Agency knew about the default, it has no claim over the note.