A financial transaction that is added to a ledger balance is called a credit.

a. True

b. False

On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net n/30. Payment on $24,000 sales was received on April 8 and the remaining payment on $16,000 sales was received on April 27.

A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5% for a term of 20 years, what is the projected before-tax cash flow? The NOI is $40,000 per year. The 7.

Melinda invests $200,000 in a City of Heflin bond that pays 6% interest. Alternatively, Melinda could have invested the $200,000 in a bond recently issued by Surething, Inc.

A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil. At some production levels, its average variable costs are less than $1.

When the economy turns down and the incomes of many people decrease, vacationers are more likely to take car trips than to fly. Which of the following provides one possible explanation for this phenomenon? a.

A closer look: differences among the nutrition standards and guidelines and when

Pronghorn Appliances provides a 3-year warranty with one of its products which was first sold in 2017. Pronghorn sold $1,840,000 of products subject to the warranty. Pronghorn expects $202,000 of warranty costs over the next 3 years.

Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has.

Rewrite the following equation in standard form y=8x+2

If the nominal exchange rate between the US dollar and the Canadian dollar is C $ 0.89 to the US dollar, how many dollars is required to buy a $ 2.5 CAD product? Describe and explain the tools used by the central bank to reduce money supply.