Answer:
2.64%
Explanation:
A = P(1 + r)^n
A = $12,000
P = $10,000
n = 7 years
12,000 = 10,000(1 + r)^7
(1 + r)^7 = 12,000/10,000 = 1.2
(1 + r)^7 = 1.2
1 + r = (1.2)^1/7
I + r = 1.0264
r = 1.0264 - 1 = 0.0264
r = 0.0264 × 100 = 2.64%
Answer:
The options are
A) as small as possible; all
B) equal; all
C) equal; normal
D) maximized; all
The answer is B) equal; all
Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.
This is to ensure that he cuts cost and maximizes his spending power.
Answer: Cost management, profitability, return on assets, competitive position and corporate social policy
Explanation:
Supply has the potential to contribute to cost management, profitability, return on assets, competitive position and corporate social policy.
Supply is defined as the amount of goods or services that a supplier is willing to offer for sale at a particular price and at a certain period. The amount of goods offered can determine the revenue generated and hence the profit made.
Answer:
Explanation:
The adjusting entries are shown below:
1. Inventory A/c Dr $386,100
To Accounts payable $386,100
(Being the purchase of inventory is made on credit and discount basis)
2. Accounts payable $386,100
To Cash A/c $386,100
(Being the amount is paid for cash)
The computation of inventory after applying the discount is shown below:
= Number of units purchased × price of each satellite uplink system × (100 - discount rate)
= 15 units × $26,000 × (100 - 1%)
= $386,100
VTC's purchase total was $390,000. They received a discount of $3,900 and paid a net amount of $386,100 on January 6, 2022. The inventory and payable accounts were debited and credited respectively on the purchase date, followed by clearing the payable account and crediting the cash account on the payment date.
The first step is to calculate the purchase cost of the satellites. The purchase total is 15 units at $26,000 each, which equals $390,000.
Next, compute the discount amount. The terms 1/10, and n/30 mean that if VTC pays the invoice within 10 days, they receive a 1% discount. Therefore, calculate 1% of $390,000 which is $3,900.
On January 6, 2022, VTC paid the net-of-discount amount. So, subtract the discount from the total to find out how much was paid. That means $390,000 - $3,900 = $386,100.
Now, let's prepare the necessary journal entries. On the purchase date, December 28, 2021:
On the payment date, January 6, 2022:
In this scenario, there's no need for an entry to account for Purchase Discounts as the amounts were already accounted for under the net method.
#SPJ12
Answer:
wow simple
Explanation:
so simple
just a little tricky
Answer: c. increase the discount rate.
Explanation:
The discount rate of a country is the rate at which the central bank in that country loans money out to the financial institutions.
When this rate is low, more financial institutions will borrow money as opposed to when it is high. Banks borrowing money increases the money supply in the economy so if the Federal Reserve wants to reduce money supply, it should increase the discount rate which would dissuade banks from borrowing from the Fed thereby limiting money supply.
Contributions in excess of 10% limitation 1,500
Interest paid for tax-exempt bonds 1,000
Tax-exempt interest received 3,000
Federal income taxes 55,400
MACRS depreciation in excess of straight-line alternative depreciation system 1,500
a. $226,600
b. 220,600
c. $282,000
d. $228,600
Answer:
a. $226,600
Explanation:
Profit = $ (95000+185000-1500
- 1,000 + 3,000 - 55,400 + 1,500 )= $226000
items added back to profit are allowed deductions while items deducted are disallowed deductions
Depreciation was added back to profit because method used was in excess of straight line method and so does not reflect true depreciation