When resources are low, businesses know that they can increase their prices because people need them desperately.
The answer is to place warranty information in car windows
or also known as the used-car rule. Car dealers who sell used cars to their
consumers must follow the rules set by the Federal Trade Commissions, The Used
Car Rule. This Used car rule is applicable to all states, except for Maine and
Wisconsin.
The memo line is the least important part.
Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
Reducing carbon footprints. Improving labor policies. Participating in fairtrade. Charitable giving. hope this helps you. jajjaja
