Answer:
<u>$8,768</u>
Explanation:
<em>Sales for June will be</em> = $700 x 400 + $700 x 400 x 0.03 =
=280000 + 8400 = $288400
<em>Projected selling expense</em> = $3000 + $288400 * 0.02 = $3000 + $5768
= <em><u>$8768</u></em>
Answer:
$110,000 on maturity
Interest of $6,050 semiannually
Explanation:
Jordan will pay $110,000 at maturity date with 20 payments of $6050 as interest
11% bonds at par value = $110,000
Interest paid = Semiannually
Market rate = 10%
At maturity, the par value will be paid as the par value of Jordan issued bonds is 110,000, therefore, Jordan will pay 110,000 on the maturity date.
As the bonds are issued for 10 years with semiannual payments that will be like 20 payments of $6,050 (110,000 x 10% x 6/12)
Answer:
C) Yes, because the direct rates differ in all markets
Explanation:
₤1 buys €1.50 in NY, Tokyo, and London -> ₤1 = €1.50
₤1 buys ¥150 in NY, Tokyo, and London -> ₤1 = ¥150
⇔ €1.50 = ¥150
⇔ ¥100 = €1.50/1,5 = €1
$1 buys ¥100 in NY, Tokyo, and London - > $1 = ¥100
Tt clearly that €1 is different with $1.0 (as Reuter quoted today, $1.00 = €0.9030), so there’re opportunity for two-point arbitrage
.
Answer:
d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.
Explanation:
The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.
The ending balance of prepaid expense can be calculated using the following formula:
Ending balance = Beginning Balance + Debit entries – Credit Entries
We are given the following information:
Beginning Balance = $240,000
Total Debit entries = $110,000
Total Credit entries = $80,000
Hence,
Ending balance = 240000+110000-80000 = 270,000
The ending balance of prepaid expense shall be <u>$270,000
</u>
