Answer:
May sales collection
May cash sales 107,250
April account sales <u> 491,400 </u>
Total sales collection 598,650
Explanation:
On May we will collect the cash sales for May
And the sales on account for April, we need to calcualte and add these two values.
Sales for May
3,900 x 275 = 1,072,500
<em>Cash Sales for May </em>
<em>10% of may sales: 107,250</em>
<em />
Sales from April
2,100 x 260 = 546,000
<em>Credit sales for April </em>
<em>546,000 x 90% = 491,400</em>
Answer:
The correct answer is downward sloping; downward sloping.
Explanation:
In a perfect competition the demand curve for an individual firm is a horizontal line parallel to the x axis. This happens because the firm is a price taker and operate on the price determined by the intersection of demand and supply curves. Any increase in the price will cause the demand to become zero.
While in the monopolistic market a single firm has downward sloping demand curve. Here, the firm is price maker and decides price level. Though, the consumers will demand more at lower price.
The industry supply curve for both will be downward sloping. This happens because, the firms consumers in a market will always demand more at low prices. The demand and price are inversely related.
Answer:
Future value= $151,018.51
Explanation:
Future value of money measures how much a present amount of money will be in the future at a given interest rate.
The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time
The formula for future value is
Future value = Present value * (1 + rate)^time
As we have two periods in this case (10 years and 20 years)
Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}
Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}
Future value= $151,018.51
Please find full question attached
Answer and Explanation:
Please find full answer and explanation attached
Answer:
How much must Icon allow Emily to diversify this year?
The answer is $250,000
Explanation:
- After attaining the age of 55 years and participating already for ten years in the ESOP.
- Emily will be allowed to diversify the value equal to 25% of investments.
- 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
- Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.
