Answer:
The correct answer is the option A: a principal.
Explanation:
To begin with, the term of <em>''principal''</em> in the field of business refers to the individual who may have many roles inside an organization but he is basically one of the most importants person in the company. Moreover, the figure of the principal is sometimes related to the owner of the business or to the chief executive officer as well. Therefore that Omar is most likely a principal in Precise Service Company.
Answer and explanation:
In both cases, in terms of rent and terms of students benefits, it will be better for the college to have two stores, In that way, the college makes sure the profits will be higher than just by having one store on campus and students are benefited because of the variety of books they could find in the two stores, not just in one.
Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
Assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
<h3>Loan amount</h3>
Using this formula
Loan amount=Annual interest/Interest rate on the note
Where:
Annual interest=$100
Interest rate on the note=5% or 0.05
Let plug in the formula
Loan amount=$100/0.05
Loan amount=$2,000
Inconclusion assuming the interest rate on the note is 5% per year, the amount of the loan is $2,000.
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It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
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