Answer: a. . Both discount on note receivable and deferred charge.
Explanation:
To correctly account for this transaction both the discount and the deferred charge should be recorded.
The note is a non-interest bearing note which means that profit will only be made on it if it was bought on a discount with the full amount due for refund at maturity. To correctly account for this then the discount rate must be recorded to ensure that the discount is recognized.
Jole Co. also made a commitment to purchase a fixed amount of goods at 10% which means that there is now a purchase commitment which has to be recognized in the books so they must record that deferred charge as well.
This really looks like a multiplication here. Let me see if this can be helpful to you: If we proceed like this:
<span>8 million * 0.12 = increase /year
The only thing you need to do now is multiply it with number of years between 1998 to 2004
then add it to 8 million. That is how you can solve it</span>
Your answer is B, they provide incentives for people to exchange goods and services.
Command and socialist economies offer uniformity in wages regardless of individual productivity. In these economies, they are set up to pay each worker the same regardless of the amount of work they put in at work. In a command or socialist economy, the state owns and controls all factors of goods, services and production.
The answer is "leading questions".
A leading question refers to an inquiry which unpretentiously prompts the respondent to reply in a particular way. Generally these type of questions are unwanted as they result in false or inclined information.It recommends a specific answer that the examiner wants – frequently a basic 'yes' or 'no' answer.
