Answer:
Carriage outwards: 7,520 debit
Explanation:
Accounts DEBIT CREDIT
Plant and machinery 95,000
Property 135,000
Inventory 6,400
Receivables 2,850
Payables 3,600
Bank overdraft 970
Loan 45,000
Capital 100,000
Drawings 32,000
Sales 362,000
Carriage outwards x
Purchases 156,000
Purchase returns 2,200
Discounts received 3,500
<u>Sundry expenses 82,500 </u>
TOTAL 509,750 517,270
We construct the trial balance and the carriage outwar balance will be the diference between debit and credit:
517,270 - 509,750 = 7,520
Answer:
Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.
However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.
Explanation:
Answer:
Total cost = Total ordering cost + Total holding cost
Total cost = DCo + QH
Q 2
Where
D = Annual demand
Co = Ordering cost per order
Q = EOQ
H = Holding cost per item per annum
D = 40,000 units
Co = $48
H = 18% x $8.00 = $1.44
EOQ = √2DCo
H
EOQ = √2 x 40,000 x $48
$1.44
EOQ = 1,633 units
Explanation:
EOQ equals 2 multiplied by annual demand and ordering cost divided by holding cost per item per annum. The holding cost per item per annum is calculated as holding cost rate multiplied by unit cost.
Answer:
Price-Earning ratio = 6.42
Price to Sales Ratio = 1.35
Explanation:
Earning for the year = $285,000
Common stock outstanding = 150,000 shares
* Price has not been given in the question. Assuming $70 is the market price of the share.
1.
Earning per share = Earning for the year / Common stock outstanding
Earning per share = $285,000 / 150,000 = $1.90 per share
Price-Earning ratio = $7 / $1.90 = 6.42
2.
Price to Sales Ratio = Price / Sales = $7 / $5.19 = 1.35