Answer:
B) credit to Accounts Receivable for $1500.
Explanation:
The journal entry to record the given transaction is as follows
Cash $1,470
Sales discounts $30 ($1,500 × 2%)
To Account receivable $1,500
(Being the receipts of payment is recorded)
While recording this transaction we debited the cash as it increased the assets plus the sales discount is also debited and at the same time we credited the account receivable as it decreased the asset
In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used Tight monetary policy to raise the federal funds rate.
<h3>What is the rate of inflation?</h3>
Rate of inflation is the increase in price in a given period of time. Inflation is usually described as a wide measure of price increases or increases in the cost of living in a nation.
Example of Inflation goes up when prices increase, reducing your dollar's buying power.
Thus, it is Tight monetary policy.
For more information about Rate of inflation, click here:
brainly.com/question/27058067
#SPJ1
When the price of good a increases, the total revenue from good a is unchanged. From this we know that the demand for good a is unitary elastic
Whenever the change in the price of a good occurs there is a change in the demand of the good as well. This certainly affects the revenue generated from that good.
This change in demand can be mainly classified into different types i.e. elastic, inelastic and unitary.
However, unitary elastic demand is the one in which change in the price causes exact proportionate change in the demand as well. This means that the revenue generated from the good remains unchanged.
In other words, the good is being consumed in the same amount and price has not affected the consumption.
If you want to know more about the unitary elasticity demand, click here
brainly.com/question/14299595
#SPJ4
Answer:
$13,316.54
Explanation:
Data provided in the question:
Inflation rate, i = 1.2% = 0.012
Deposits = $11,000
Interest rate, r = 6% = 0.06
Time, t = 4 years
since compounded monthly, number of periods n = 12
Now,
Future value of money with the interest
= Deposits × ![[1+ \frac{r}{n}]^{n.t}](https://tex.z-dn.net/?f=%5B1%2B%20%5Cfrac%7Br%7D%7Bn%7D%5D%5E%7Bn.t%7D)
= $11,000 × ![[1+ \frac{0.06}{12}]^{12\times4}](https://tex.z-dn.net/?f=%5B1%2B%20%5Cfrac%7B0.06%7D%7B12%7D%5D%5E%7B12%5Ctimes4%7D)
= $13,975.38
Considering the inflation,
Amount after 4 years = Future value × [1 - i ]ⁿ
= $13,975.38 × [1 - 0.012]⁴
= $13,316.54
Answer: False
Explanation:
Price discrimination refers to offering the same goods or services to people at a different price and it is illegal. By offering discounts to larger stores and not smaller stores, you would be practising price discrimination.
There are ways you could offer less prices to smaller stores such as through Volume discounts. This means that the more the stores purchase, the more discount they get. The larger stores buy more of the salsa and so for every additional batch purchased you could discount an extra 1%.
With the smaller stores unable to buy such large quantities they would not qualify for discounts.
