Answer:
Explanation:
Principle amount is $162000
Rate is 7.5% or 7.5%/12 monthly
So formula is: Interest = Principle * Rate * Time / 100
Interest = 162000*7.5*1/12*1/100 = 1215000/12 = 1012.5
Interest = 1012.5
Explanation:
Advantages of Written Communication:
It is suitable for long distance communication and repetitive standing orders. ...
It creates permanent record of evidence. ...
It gives the receiver sufficient time to think, act and react.
It can be used as legal document.
It can be sent to many persons at a time.
Answer:
1) October 1:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2) October 7
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Explanation:
1. October 1: when sold goods, the company recorded Cost of Goods sold and revenue:
1.1
Debit Cost of Goods sold $3,600
Credit Merchandise $3,600
1.2
Debit Cash $6,000
Credit Revenue $6,000
2. October 7
The percentage of revenue that merchandise returned = $670/$6,000 = 11.17%
Assume a constant gross profit ratio for all items sold.
Cost of returned merchandise = $3,600 x 11.17% = $402
2.1.
Debit Revenue $670
Credit Cash $670
2.2.
Debit Merchandise $402
Credit Cost of Goods sold $402
Not paying attention to the road, listening to loud music (distracting), and TEXTING WHILE DRIVING. That is one of the leading causes of death.
Answer:
right to <u>the consumer</u>.
Explanation:
According to the customer bill of rights, in this doctrine the consumers' enthusiasm should obtain adequate and compassionate deliberation in the formulation of the government strategy is identified as the right to<u> the consumer</u>. Proceeding from March 15 the year 1962, President John F. Kennedy portrayed a conversation to the Congress of the US in which the president extolled 4 fundamental customer powers, following described as Consumer Bill of Rights. The UN by the UN guide-manual for Consumer Protection extended those into 8 equities, and consequently, Consumers International affirmed those equities as law and began identifying on 15 of the March as World Consumer Rights.
