Answer:
$102,348.034
Explanation:
It is a simple problem of Compound Interest, we have to find the Principle amount invested.
Given:
Future value (F) = $260,000
Rate(R) = 6% = 6/100 = 0.06
Number of years (n) = 16 years
Initial deposit (C) = ?
Calculation:
$260,000/2.54035168 = C
$102,348.034 = C
So, Initial cash Deposit = $102,348.034
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:
The correct answer is A.
Explanation:
Giving the following information:
Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $7,000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June.
Revenue= 720*500= $360,000
Cost of goods sold= 470*500= 235,000 (-)
Sales commision= 0.05*360,000= 18,000 (-)
Contribution Margin= 107,000
Rent= 7,000 (-)
Fixed sales comission= 1,700 (-)
Operating income= $98,300
Answer:
The correct answer is option (c).
Explanation:
Solution
From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.
The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.
Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
