<span>29 days of 1.3% inflation.
Convert to relative increase: (1+0.013) = 1.013.
(1.013)^29 -1 = 45.43% (the effect of compounding)
45%.</span>
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:
The correct answer is $0.16.
Explanation:
According to the scenario, the given data are as follows:
Total cost = $1,000,000
Total units = 5,000,000
Salvage value = $200,000
So, we can calculate the depletion expense per board foot by using following formula:
Depletion expense = ( Total cost - Salvage value) ÷ Total Units
By putting the value, we get
Depletion expense = ( $1,000,000 - $200,000) ÷ 5,000,000
= $0.16