Since the transaction was on account basis, the journal entry will be:
debit accounts receivable for $625
credit sales $625
the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
Answer: Batch
Explanation:
Batch processing refers to the method whereby high-volume, and repetitive data jobs are being run. The batch method enables the users to be able to process data when there's availability of computing resources and there's minimal user interaction.
From the question, since the system falls in the area of low volume and low standardization, but isn't at the extreme left (lowest) point, then the batch processing is recommended.
Answer:
The degree to which the portfolio variance is reduced depends on the degree of correlation between securities is the correct answer.
Explanation:
Answer:
Principle of National Treatment
Explanation:
The World Trade Organization (WTO) established the principle of national treatment in order for the member states to treat foreign products equally to domestic products. This means that any legally imported good should receive the same legal treatment as domestically produced goods, e.g. they have to be taxed the same way.
Answer:
18 years
Explanation:
Given that;
P= $23,000
A= $76,300
r= 6.7%
From
A = P(1 + r/100)^n
76,300 = 23,000 (1 + 0.067)^n
3.3 = (1.067)^n
Taking logarithm of both sides
log 3.3 = log (1.067)^n
log 3.3 = nlog(1.067)
n= log 3.3/log 1.067
n= 0.5185/0.0282
n= 18 years ( to the nearest year)
