Answer:
$1,000
Explanation:
the journal entry to record the purchase of the goods should be:
January 27, merchandise purchased on account, credit terms 2/10, n/30
Dr Merchandise inventory 1,000
Cr Accounts payable 1,000
the journal entry to record the payment of the invoice 13 days later should be:
Dr Accounts payable 1,000
Cr Cash 1,000
since the discount period is over, the invoice should be paid at full amount
If jack does not accept the $100,000 there is a valid contract for the sales business, with out a non competition clause.
<h3>
Answer:</h3>
Cloud computing is based on a Client-Server model. Cloud computing is a highly accessible service that utilizes centralized resources. Cloud computing is a pay-as-you-go model, which implies that customers pay for the service they get.
The second one, is a distributed computer model known as Grid Computing. Users in grid computing do not have to pay for the usage of resources in a collaborative manner.
<h3>
Examples of differences between the two:</h3>
- Cloud computing is a client-server computing architecture, while Cloud Computing is a distributed computing architecture.
- Cloud computing is a centralized executive, while Grid Computing is a decentralized executive.
- In Cloud Computing, resources are used in centralized pattern. While in Grid Computing, resources are used in collaborative, shared pattern.
- Cloud Computing is more flexible than Grid Computing
- In Cloud Computing, the users pay for the use. Vice versa that is not the case.
- Cloud Computing is a high accessible service, while Grid Computing is a low accessible service.
- Cloud Computing can be accessed through standard web protocols, white Grid Computing is accessible through grid middleware.
Answer:
The statement is True.
Explanation:
Budgeted financial statements are prepared for a future period of time. So that it is easy to anticipate certain fixed and variable costs and allocate financial resources to them.
Also, Budgeted financial statement are useful during the strategic planning process and planning on future business expansions.
