A company that provides other companies or individuals with access to, or presence on, the internet is an Internet Service Provider (ISP). An Internet Service Provider (ISP) has the equipment required to have a POP on the internet for the geographic area served. An Internet Service Provider (ISP) is an organization that provides services for accessing, using, or participating in the internet.
Answer:
its lower gross profit under the LIFO then the methode FIFO
Explanation:
I would like to believe that it’ll be true.
Answer:
The answer is:
Dr Cash $5,025
Cr: Receivable $5,000
Cr: Interest Revenue $25
Explanation:
The year is 360 days.
Annual rate is 6%
Therefore, interest rare for the 30-day is 1.5%[(90/360) x 6%]
So, the interest on the rate is:
0.5% x $5,000
$25.
The total amount collected from Bria will be principal + interest
$5,000 + $25 = $5,025
According to the accounting rule, debit increases asset and expenses and vice-versa while credit decreases liability, equity, income and vice versa.
So we have:
Dr Cash $5,025
Cr: Receivable $5,000
Cr: Interest Revenue $25
I believe it's D, but you know, I believe it's a trick question