Answer:
The answer is 20.5 years.
Explanation:
If we assume that there is compound interest, we can calculate the increase of the spending on equipment with an annual interest of 9% which results in the $476,374 of the $500,000 being spend on equipment in the 20th year and $519,248 being spend in the 21st year. So between the year 20 and 21, the equipment funding will be reduced to zero.
I hope this answer helps.
Answer: B.At equilibrium, quantity supplied and quantity demanded are equal ensuring that at that price consumers will not want more and producers will not supply more.
Explanation:
The point where the market demand and marker supply curves intersect is known as the equilibrium point. The price at which equilibrium occurs is the market clearing price.
It is called the market clearing price because at that price both producers and customers are in equilibrium. Above the equilibrium price, there's is excess supply and below the equilibrium price, there's excess demand.
Answer:
$26.42
Explanation:
According to the given situation, the computation of the estimated current stock price is shown below:-
Estimated current stock price = Earning per share × PE ratio
= $2.08 × 12.7
= $26.42
Therefore for computing the estimated current stock price we simply applied the above formula and ignore all other value as they are not relevant.
Well for 1, all are heat related
Answer:
The Journal entries are as follows:
(a) On June 10,
Account Receivables A/c Dr. $6,300
To sales $6,300
(To record sale of merchandise)
(b) On June 12,
(i) Sales Return & allowance A/c Dr. $300
To Account Receivables $300
(Being Merchandise return by customer)
(ii) Merchandise Inventory A/c Dr. $70
To Cost of goods sold $70
(To record cost of merchandise returned)
(c) On June 19,
Cash A/c Dr. 5,940
Sales discount A/c Dr. 60
To Account Receivable $6,000
(Being Amount actually received on Credit sale after allowing discount)