Answer:
False
Explanation:
Given that,
Accounts receivable = $30,000
Factoring fee charged = 2%
Therefore,
Factory fee = 2% of Accounts receivable
= 2% × $30,000
= $600
The amount $600 has to be subtracted from the accounts receivable.
Hence, the journal entry is as follows;
Cash A/c ($30,000 - $600) Dr. $29,400
Factory fee Expense A/c Dr. $600
To Accounts Receivable $30,000
(To record the account receivable)
Many people tend to be too conservative when investing their retirement funds this is true
- Medical expenses. Most of us will experience rising medical costs as we age, which could be problematic without adequate preparedness.
- Market turbulence, inflation, and so on
- Running out of money, losing a spouse, etc.
- Rising inflation, shifting interest rates, erratic stock market behavior, and ineffective retirement plans are just a few examples of financial hazards.
- Neglecting Your Long-Term Plan. It's far too simple to be seduced by busy markets and promises of substantial rewards.
- Taking out loans against retirement funds, skipping required minimum distributions, etc.
Learn more about medical expenses here brainly.com/question/14152634
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Answer:
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the community
Answer:
d. a palter
Explanation:
Based on the scenario being described within the question it can be said that Kant would call this misleading statement a palter. This term refers to a statement that has been made ambiguous in order to hide the truth from someone or in order to avoid committing yourself to something. Which in this scenario "You" are trying to hide the fact that Bill is playing "hooky" from your boss.
Answer:
$214,000
Explanation:
The computation of the break even point in dollars is shown below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $141,240
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
= ($145.20) ÷ ($220) × 100
= 66%
where Contribution margin equal to
= Selling price per unit - variable expense per unit
= $220 - $74.80
= $145.20
So, the break even in dollars is
= $141,240 ÷ 66%
= $214,000
This is the answer and the options that are given in the question are wrong