Answer:
The effective rate on the bank loan is 27%
Explanation:
The effective rate of Interest
= ($11,800/$302,000)*(360Days/52days)
= 0.039*6.92
=27%
Answer:
b. There can be no cash inflow or cash outflow without a corresponding change in a non-cash account.
Explanation:
There is only one cash account and no other account, if there is an inflow, there will be some non cash account related as for example, cash received from customers as is non cash account, accounts receivables.
Also in case of cash outflow, there will be some non cash account responsible for such transactions. As for example, payment for acquiring land, land is fixed asset which is a non cash account.
All other statements are incorrect.
In order to obtain a conviction for price fixing under the Sherman Antitrust Act, the government need to prove that:
SECTION 1
1. There is an agreement
2. That the agreement unreasonably restrains competition
3. which affect interstate commerce
SECTION 2
The government has to prove that:
1. There is possession of monopoly power in the relevant market
2. The willful acquisition or maintenance of that power as distinguished from growth or development as a consequence of a superior product, business acumen or historic accident.
Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.
<h3>What is sheet entry?</h3>
- An electrical design primitive that belongs inside a sheet symbol is called a sheet entry.
- It is positioned inside a sheet symbol to indicate the symbol's input and output ports.
- The symbol's source schematic sub-sheet is represented by the sheet entries, which correspond to ports placed there.
According to the question:
Since Chase Company's revenue is $3,700, accrued revenue is entered in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.
Dr. Rent Receivable ( $3700 x 2) $7,400.
Cr. Rent Earned $7,400.
Note:
- The options do not match the question based on the information provided in the question. The following response is created using the information provided.
- Since Chase Company's revenue is $4,000, accrued revenue is recorded in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.
Dr. Rent Receivable ( $4000 x 2) $8,000.
Cr. Rent Earned $8,000.
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Answer:
$6,789 at an interest rate of 8.123% for 15 years
Explanation:
As in the question, it is mentioned that there are two investment options who are compounded annually and the invested amount is also the same but the rate of the interest is different. In the first investment option, the rate of interest is 7.345% and in the second option, the rate of interest is $8.123%
The higher rate of interest, the better investment option it was as it gives the highest return as compare to the first investment option
