Answer:
The Journal entry is as follows:
On July 1,
Cash A/c Dr. $439,200
Finance charge Expense A/c Dr. $10,800
To Financing arrangement A/c $450,000
(To record the amount of borrowings)
Workings:
Finance charge expense = ($600,000 × 1.8%)
= $10,800
So, cash account = $450,000 - $10,800
= $439,200
Answer: The correct answer is that she pays her bills on time and does not have a lot of debt.
Explanation: A credit score of 720 is a good credit score, based on the graph. A good credit score means that you pay your bills on time and do not have too much debt.
Answer:
2. Stereotyping
Explanation:
Stereotyping is a prejudiced view of a person based on a mistaken belief or idea of many people.
George had a belief that women have difficulty coping in stressful situations and making executive decisions. When Sally is promoted to a senior management position his stereotype of women comes to play as George starts to complain that Sally would not be able to cope with the job.
Answer: the ability to produce a good at a lower opportunity cost than other producers
Explanation: In other to clearly understand or grasp the definition or meaning of comparative advantage, the term opportunity cost should be understood. Opportunity cost simply means the benefit which one forfeits or losses when one chooses a certain option over the other. Comparative advantage is possessed by a certain seller or economy who is capable of selling his goods at a lower opportunity cost than its competitors. Thus, the comparative advantages weighs the size or amount of benefit forfeited or lost by sellers as a result of selling at a lower price. Thus the lower the opportunity cost, the better the comparative advantage.
Answer:
$ 1,212 Net INCOME
Explanation:
Income Statement
$ 7,030 Sales
-$ 230 Sales returns and allowances
$ 6,800 Net Sales Revenues
-$ 90 Depreciation expense
-$ 3,400 Cost of goods sold
$ 3,310 Gross PROFIT
-$ 499 Advertising expense
-$ 114 Research and development expense
-$ 460 Salaries and Wages Expenses
-$ 105 Rent expenses
-$ 60 Utilities Expenses
-$ 1,238 Operating EXPENSES
$ 2,072 Operating INCOME
-$ 46 Loss on disposal of plant assets
-$ 161 Interest Expenses
-$ 207 NonOperating EXPENSES
$ 1,865 NET INCOME AFTER TAXES
-$ 653 Income Tax Expenses 35%
$ 1,212 Net INCOME
