A customer charges a treadmill at Greg’s Sport Shop using a Greg’s Sport Shop credit card. The price is $2,000 and the financing charge is 1.5% per month if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer’s account. The entry to record the finance charge on Greg’s Sport Shop’s books would: Select one: a. Credit Interest Revenue $30 b. Credit Sales $30 c. Debit Accounts Receivable $2,000 d. Debit Accounts Receivable $1.50 e. None of the above

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?