Answer:
Balance amount owned in six months is $46.8
Explanation:
given data
new shoes price = $85
amount paid = $40
interest rate = 8 % = 0.08
time period = 6 month = 0.5 year
solution
first we get here balance amount for the shoes that is
balance amount = $85 - $40
balance amount = $45
now we apply here simple interest method that is express as
Simple interest = principal × rate × time ................1
put here value and we will get
simple interest = $45 × 0.08 × 0.5
Simple interest = $1.8
and now we get here amount that is
Amount = Principal + Interest ..............2
put here value we get
Amount = $45 + $1.8
Amount = $46.8
so balance amount owned in six months is $46.8
Answer: decrease retained earnings $1.60 million and increase liabilities by $1.60 million.
Explanation:
The dividend on common shares will be:
=2,000,000 × $0.80
=$1,600,000
Then, the journal entry will be:
Debit: Retained earnings $1.6 million
Credit: Dividend payable $1.6 million
The answer will be to decrease retained earnings $1.60 million and then increase liabilities by $1.60 million.
Answer:
the title 2 will be correct
Explanation:
Answer:
The ending inventory value using LIFO retail method is $710,000
Explanation:
Beginning inventory $590,000
Purchases $1,370,000
Net Markups ($64,000)
Net Markdowns ($34,000)
Goods Available For Sale $1,990,000
Cost to retail percentage = 70.91%
Net sales $1,280,000
Ending Inventory = $710,000
Answer:
- simultaneous production and consumption,
- little standardization and
- intangible.
Explanation:
The above mentioned are the relevant characteristics of the service product experience in our scenario. and are explained as thus:
- Simultaneous production and consumption because services can be brought to you or you go to where the service is provided. This is a major characteristic in our scenario because you visit your doctor for your annual check-up.
- Little standardization: the quality of service rendered is a major tool to measure service product experience in this instance. Dr. Kapoor only checks your vitals, draws blood for testing and weighs you, if a more thorough analysis was done such as the collection of the urine sample and so on, it could have increased your service product experience.
- Intangible: The service rendered by your doctor is intangible, meaning that the whole process is not revealed to you. She tells you that you are fit and healthy and hands you a chart with a golden star on it, but the whole process of evaluation is not revealed or displayed to you.