The mistake she made was timesing the 6 by the -7.5 as there is no x after the 6
Therefore:
-3.8(-7.5) +6
28.5+6 =34.5
Answer:
Since on July 9, Mifflin Company receives a $ 10,200, 90-day, 6% note from customer Payton Summers as payment on account, to determine what entry should be made on July 9 to record receipt of the note the following calculation must be performed :
90 days = 3 months
6/12 x 3 = 1.5%
10,200 x 1,015 = 10,353
Therefore, a debt cancellation for $ 10,200 must be made in the company's accounting records, plus an interest generation for $ 153, which will be justified by the cash income of $ 10,353.
Answer:
The constant of proportionality is the ratio between two directly proportional quantities. Two quantities are directly proportional when they increase and decrease at the same rate. The constant of proportionality k is given by k=y/x where y and x are two quantities that are directly proportional to each other.
Step-by-step explanation:
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