Best Discount Store uses the perpetual system and had a sale on account to Julie Smith of $5,000 with terms 3/10, n /30. Ms. Smith paid within the discount period. The journal entry to record receiving payment from the sale on account would be:1.Accounts receivable: 4,850 debit sales revenue: 4,850 credit2.accounts receivable: 5,000 debit cash: 5,000 credit3.cash: 5,000 debit accounts receivable: 5,000 credit4.cash: 4,850 debit accounts receivable: 4,850 credit

If a bond is issued at a premium the effective interest rate is most likely

Put each of them in order. you are a young entrepreneur with a startup business. you now seek credit from the bank to expand it. what are the steps you will have to take? 1. you support your loan application with relevant documents. 2. you fill out the loan application form at the bank 3. you get an approval for the loan and the money is disbursed to your business account 4. you use the credit to further your business plan. 5. you have an interview with the loan officer and you explain your business plan.

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)