True because you need a Signature to use it as credit
Answer:
"$25,800" is the appropriate answer.
Explanation:
Given:
Credit sales,
= $45,000
Beginning balance,
= $16,800
Collections,
= $36,000
now,
The accounts receivable balance will be:
=
On putting the values, we get
=
=
= ($)
Oct 13........................No Journal Entry Required
Oct 17. Cash..........................................DR $107
To Accounts Receivable........................................ $107
(Being cash received by Accounts Receivable)
Oct 22. Inventory....................................DR $1145
To Accounts Payables.......................................... $1145
(Being Purchases made of Chairs and Oil Supplies)
Oct Accounts Payable...........................DR $1145
To Cash............................................................ $1145
(Being Cash paid for purchases made)
Answer:
$131,180; 21.53%
Explanation:
The controllable margin and the return on investment for 2017 are as follows:
Controllable Margin = Sales - Variable cost - Controllable fixed cost
= $567,200 - $340,320 - $95,700
= $131,180
Return on investment = Controllable Margin ÷ Average operating assets
= $131,180 ÷ $609,100
= 0.2153
= 21.53%
Answer:
The answer is D.
Explanation:
An increase in the market rate of interest of a bond will decrease the market price of the bond. Market rate of interest of a bond is inversely related to the market price of the bond.
For example, A bonds is issued with a higher interest rate, the price of existing bonds will fall because the demand for this bond falls.