Answer:
Explanation:
The journal entry is shown below:
1. Accounts receivable A/c Dr $160
To Sales discounts forfeited $160
(Being sales discount is recorded)
The computation of the sales discount is shown below:
= (Sales value - payment made) × discount rate
= ($40,000 - $24,000) × 1%
= $160
2. Cash A/c Dr $16,000
To Accounts receivable A/c $16,000
(Being cash is received)
Answer:<u> Selling Price = $9803.92</u>
Explanation:
Given:
Treasury bill will provide 2% return in every 6 months.
Time = 6 months
Rate of return = 2% per 6 months
Selling Price of Treasury bill = 
Selling Price = 
<u><em>Hence price we would expect a 6-month maturity Treasury bill to sell for is $9803.92</em></u>
Answer:
An employment agency
Explanation:
An employment agency is a firm whose primary purpose is to connect employers and employees. The agency does not employ people but aims at placing them for employment in other organizations. The agency matches the job opening in organizations and available skills.
In some countries, employment agencies can be government-owned or private businesses. Organizations that employ though agencies will save on time and recruitment costs.
Among the choices the situations is the best use of endnotes in a business report is letter C which is <span> There are many references and readers are unlikely to check details of sources.
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Answer:
Explanation:
Given:
Selling price of 1 lamp = $6
Cost price of 1 lamp = $4
Units sold per month = 3000
Let $T be the selling price set by the lamp seller.
Number of sold lamps per month = 3000 − (T − 6) × 1000
= 9000 − 1000 × T.
Monthly profit = (9000 − 1000p) × (T − 4)
= −1000T^2 + 13000T − 36000.
Obtaining the derivative,
dS/dT = −2000T + 13000
and setting it to zero
−2000T + 13000 = 0
T = -13000/-2000
optimal selling point, T = $6.5.
