3 years ago

How can being open to transfers help employees in their career growth?

Business

1 answer:

Sonbull [250]3 years ago

7 0

I think it’s a sorry if it’s wrong

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you lend a friend 10,000 dollars for which your friend will repay you 27,027 dollars at the end of 5 years. What interest rate a

Step2247 [10]

Answer:

The interest rate is "21.999%".

Explanation:

The given values are:

Amount lent,

= 10,000

Amount repaid,

= 27,027

Years (n),

= 5

As we know,

⇒ $Amount \ repaid = Amount \ lent\times (1+r)^n$

On substituting the given values, we get

⇒ $27,027=10,000\times (1+r)^5$

⇒ $\frac{27,027}{10,000}=(1+r)^5$

⇒ $2.7027=(1+r)^5$

⇒ $1+r = (2.7027)^{(1/5)}$

⇒ $1+r=1.21999$

On subtracting "1" from both sides, we get

⇒ $1+r-1=1.21999-1$

⇒ $r=0.21999$

i.e.,

⇒ $r=21.999 \ percent$

5 0

3 years ago

When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a 1 debit to Merchandise Inventory

sleet_krkn [62]

Option 2, When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a debit to Cash and a credit to Merchandise Inventory.

When goods are returned, the accounts receivable or cash account is credited to repay cash or lower what the buyer owes, and the sales returns and allowances account is debited to reduce sales. The accounts involved in the transaction are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account. The cash account and buyer sales account are the accounts involved in a transaction when goods are sold for cash. It debits the cash account and credits the sales account.