I would like the brainliest please
In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.
<h3>What is the FDIC?</h3>
The Federal Deposit Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.
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Answer and Explanation:
The Journal entry is shown below:-
Accounts payable Dr, $2,800 ($3,500 - $700)
To Merchandise inventory $84 ($2,800 × 0.03)
To Cash $2,716 ($2,800 × (1 - 0.03)
(being the payment is recorded)
Here we debited the accounts payable as it decreased the liabilities and we credited the merchandise inventory and cash as it also decline the assets
Answer:
Build and maintain long term relationship
Explanation:
A good way to manage the cost of acquiring a new customer is by building and maintaining a long term relationship with customers as this helps in winning their loyalty .
With this, a particular customer can keep patronizing you for a long period of time . This means that after the initial cost of acquiring the customer , the major expenses in respect of the customer is just the service cost , which is much smaller compared to the cost of acquiring a new customer.
Answer:
(D) $ 2,880,000 $ 2,976,000
Explanation:
Consoidated net income
Seattle Inc $2,000,000
Portugese sub $880,000
(1.1*80%)
Consoidated net income $2,880,000
Comprehensive income
Net income $2,880,000
Other comphrensive income/(loss)
Foreign currency translation adjustment $96,000
(120000*80%)
combined comprehensive income $2,976,000
Therefore, The Consolidated net income and consolidated comprehensive income for the year are $2,880,000 amd $2,976,000.