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Business, 22.04.2020 03:36 sallyguzman4281

Opal Mining sold coal to Petric Electric, receiving a six-month, noninterest-bearing note for $200,000. The fair value of the goods sold to Petric is $192,000. Opal uses a periodic inventory system, and views the financing component of this transaction to be significant. Required: 1. Prepare the journal entry to record the sale. 2. Compute the effective annual rate of interest.

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ansver
Answer from: Quest

wheres the chart? so i can answer.

ansver
Answer from: Quest

you have to put the parentheses like this:

 (85-4) \div 9 \times 10

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

 81 \div 9 \times 10 = 9 \times 10 = 90

ansver
Answer from: Quest

the answers are

a, b, c, & e.

ansver
Answer from: Quest
Growth. possibly dedication.

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Opal Mining sold coal to Petric Electric, receiving a six-month, noninterest-bearing note for $200,0...