Answer:
the discount is for 60 dollars
therefore Simmons will pay 2,940 dollar for the inventory
Explanation:
From the invoice nominal we should remove the returned goods.
nominal 5,000
returns 2,000
balance: 3,000
commercial terms: 2/10 the discount is 2% if paid within 10 days
3,000 x 2% = 60 dollars
net cash disbursements: 3,000 - 60 = 2,940 dollars
Answer:
The Nominal Cost to register the car should be $53.
Explanation:
For the first year the data is given as
CPI=150
Nominal Price=$50
Real Income= Nominal Cost / Consumer Price Index
=50/150 = 0.33
Now for the second year as the real income is same as previous year thus
RI=0.33
CPI has increase to 159. Now the nominal cost is given as
Nominal Cost=Real Income * Consumer Price Index
Nominal Cost=0.33 * 159
Nominal Cost=$53
So the Nominal Cost to register the car should be $53.
Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price of a product = $140 per textbook
Variable expenses = $25 per book
Books sold per year = 6,000 books (It is the break even point)
The break even point indicates that there is no profit or loss incurred at the sales.
This means that the sales revenue is equal to the total cost incurred to produced these goods.
Sales per unit - Variable cost per unit - Fixed costs per unit = 0
$140 - $25 - Fixed costs = 0
$115 = Fixed costs per unit
Therefore, the total amount of fixed cost is calculated as follows:
= Fixed cost per unit × Number of books sold
= $115 × 6,000
= $690,000
Answer: Nominal
Explanation:
When the Nominal measurement scale is used, it means the data was sorted into labels or names which is why it is sometimes referred to as Named data. For instance, sorting dogs in a park into their species i.e Husky, American Bull, German Shephard etc.
There is no quantitative value and usually there is no ordering method to this measurement scale.
The professor sorted her students according to their majors which in this case acted as labels so the Professor was using the Nominal measurement scale.
Answer:
YTM approximated 4.08%
Explanation:
If the price of the bond changes to 1,060
we will need to calcualte the YTM
we could do it with an approxmation method like this:
Cuopon payment =1,000 x 4.5% = 45
Face value = 1,000
Purchase value= 1,060
n= 20 years
quotient 4.0776699%
It will yield approximately 4.08%
