The borrower pays the proper amount due to the seller Cash 3270
<h3>Briefing:-</h3>
1. Interest income of $3000 X (0.18) = 540
2. $540 over six or twelve months equals 270.
3. Journal Entry 3,000 Notes Receivable Interest Revenue 270 Cash 3270
<h3>Interest income is it income?</h3>
Interest income is the profit made from lending money to other organizations. The phrase is typically used in the income statement of the company to describe the interest received on cash held in savings accounts, certificates of deposits, or other investments.
<h3>What do journal entries entail?</h3>
A firm keeps a journal, which is a succinct record of all transactions; journal entries describe how transactions influence accounts and balances.
The information in journal entries serves as the foundation for all financial reporting, and there are several versions to suit different corporate requirements.
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anwser Write a sentence that gives the name of the second web page you visited and one fact about your career you learned there. Write another sentence about how you knew the website was trustworthy.The second website I chose was. The military was something I’ve always thought about joining and I felt like this was the branch to go with. One fact I learned while on their website was that the Marines were the first to enter battle when war is in effect.It’s obvious that the website was trust worthy since, well, it was the Marines’ website. Write a sentence that gives the name of the third web page you visited and one fact about your career you learned there. Write another sentence about how you knew the website was trustworthy.The last website I chose for this assignment was. I’ve always been good at coming up with my own voices and impressions and this website helps find you auditions for roles. This website has been around since 2009 and it’s still growing. Oneite resting fact I learned about voice acting is that it’s not as easy as it seems to act AND to find roles. One way I found out that the website was trustworthy was that famous voice actors use this website as well, such as Sean Schemmel or Chris Sabbat.
Explanation:
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The minimum amount of money you may have in an account for said account to be, and stay opened.
Answer:
The correct answer is 44.73 days or 45 days.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the day's sales uncollected by using following formula:
Day's sales uncollected = No. of days in year ÷ Debtor turnover ratio
Where, Debtor turnover ratio = Sales ÷ Accounts receivable
= $607,500 ÷ $74,422
= 8.16
So, by putting the value, we get
Day's sales uncollected = 365 days ÷ 8.16
= 44.73 days or 45 days.
Answer:
diversification
Explanation:
because it is a technique that reduce risk by allocating investments across various industries
