Answer:
Explanation:
As fund rate of return = (final NAV - Initial NAV + Income distribution) / (Initial NAV)
17.3% = (final NAV - 37.25 + 1.14 +
1.35)/ 37.25
Final NAV = 34.76 + 6.44
= 41.2 is the answer (ending
NAV)
Answer:
Rent Versus Buy. Alex Guadet of Nashville, Tennessee
b. Computation of Interest payable by Alex during the first year of the loan:
Interest = Net Mortgage amount x rate of interest
= ($148,300 x 5%)
= $7,415
Explanation:
a) Data and Calculation:
Mortgage amount = $150,000
Principal Reduction 1,700
Net Mortgage $148,300
b) Mortgage Interest is calculated as the Mortgage amount minus any reduction in the principal amount, multiplied by the interest rate. The interest represents the cost of capital that Alex pays for taking a mortgage on the property. For the bank, the interest represents the benefit for lending the mortgage loan to Alex.
Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750
Answer:
Explanation:
a)
Year percentage increase
2011 21.21162
2012 14.35054
2013 20.62696
b) Assuming C1 is the domestic currency, an increase in E will cause price of C2 in term of C1 to; Decline
c) If the value of e decrease, given that E is increasing, then Country Y would be experiencing a lower rate of inflation compared to Country X
d) if foreign goods are relatively less expensive compared to the domestic goods and assuming that the nominal exchange rate of the currencies is equity, then there is disparity in the real exchange rate.
Answer:
Low-priced inventory with high turnover
Explanation:
GOT IT RIGHT IN QUIZ
