Answer:
The amount of cash received from this sale on July 24 is $1940.
Explanation:
The sell of merchandise on July 15 will result in an increase in sales revenue of $3800 and accounts receivables of $3800. The entry would be,
July 15 Accounts receivable $3800 Dr
Sales revenue $3800 Cr
The sales return of $1800 will reduce the amount of accounts receivables. The amount of accounts receivables outstanding and eligible to receive payment from will be (3800 - 1800) = $2000
The accounts receivables are offered a 3% discount if they pay within the 10 days of sale. On July 24, the payment is received within discount period and the discount allowed will be,
Discount allowed = 2000 * 0.03 = $60
The cash received will be $2000 - $60 = $1940
Answer:
TRUE
Explanation:
Rational persuasion is the use of logical arguments and hard facts to show the target that the request is a worthwhile one. This is most effective when it helps show that the proposal is the important and feasible. it is the only tactic that is regularly successful in the case of upward influence
<span>She has a high need for affiliation. She, as shown, is trying to "fit in" with everyone else at the business and needs to be part of all the social groups. In addition, she takes every opportunity to meet with other co-workers outside of the work environment: this shows that she has a need for being a part of a larger group at all times.</span>
Answer:
maximum amount of loan bank that make reserve is $110 million
Explanation:
given data
demand deposits = $200 million
reserve = $150 million
reserve ratio = 20%
to find out
maximum amount of loan bank can make reserve
solution
we get here excess reserve that is
excess reserve = deposits × reserve ratio ...............1
excess reserve = $200 million × 20%
excess reserves is $40 million
so maximum amount of loan bank that make reserve is = $150 million - $40 million
maximum amount of loan bank that make reserve is $110 million
