The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.
<h3>What is the vendor opening balance?</h3>
This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.
The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.
The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.
Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.
Read more on opening balance here: brainly.com/question/26235574
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The current yield and annual coupon rate of 6.50% show that the bond price was at par a year ago.
The givens are FV=1,000, n= 6, PMT = 65.00, and i= 7.50 so with this we know that the selling price this year is $953.06.
So the holding period return is $1,000+$953.06+$65.00
$1,000=0.0181=1.81%
Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)
- Cutiepatutie ☺❀❤
I believe that it is B. <span>but i could be wrong that seems to be the most logical answer
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Answer:
The total amount of expenses Clark can deduct as business expenses:
a) $7,200
Explanation:
The total deductible business expenses can be expressed as;
T=O+L
where;
T=Total deductible business expenses
O=operating expenses
L=lease payments
In our case;
T=unknown
O=$2,700
L=$4,500
replacing;
T=2,700+4,500=7,200
The total amount of expenses Clark can deduct as business expenses=$7,200
Answer: Single lump-sum credit
Explanation:
With a single lump-sum credit, a person can buy goods without having to pay the full amount.
The buyer does not have to put down a down payment and will be required to pay off the amount they owe plus interest and service charges on a certain date. Behati therefore used a Single lump-sum credit.
