Answer:
$5,400
Explanation:
The computation is shown below:
Given that
The cash paid every Friday = $13,500
And, on December 31, it is Wednesday
So, on December 31, the salaries and wages is
= $13,500 × 3 days ÷ 5 days
= $8,100
And, on January 1 and January 2, the salaries and wages expense is
= $13,500 - $8,100
= $5,400
Or
= $13,500 × 2 days ÷ 5 days
= $5,400
Answer:
The answer is: Porter Plumbing's stock new rate of return is 14.38%
Explanation:
First we calculate beta:
beta = (stock's rate of return - risk free rate) / market rate of return
beta = 6.25% / 4.75% = 1.32
If beta remained the same (1.32% and the market rate of return increased by 2%, then to find the new value for Porter's stock (P):
1.32 = (P - risk free rate) / 6.75%
P - risk free rate = 1.32 x 6.75% = 8.88%
P = 8.88% + risk free rate
P = 8.88% + 5.50% = 14.38%
Answer:
Selling price would the store set for the item 500
Explanation:
SELLING PRICE= 100% 500
COST= 60% <u>300 </u>
MARKUP= <u>40%</u> 200
% Cost 60% 300 Cost
%Selling price 100% x
X=selling price
X=100%*300/60%
X=500
Answer:
Compound interest have more of an impact for <em>long-term</em> investments
Explanation:
Interest earn on the principal for one period (P) is the same for compound and non-compound interest
The <u>non-compound interest</u> of period n is is the sum of P for all n periods: P*n
<u>Compound interest</u> is the result of reinvesting interest.
The compound interest of period n () = interest earned on the principal (P) + interest on <em>previously accumulated interest of n-1 periods</em> (), where...
...<em>previously accumulated interest of n-1 periods</em> ()= interest earned on the principal (P) + interest on <em>previously accumulated interest of n-2 periods</em> ()
... and so on backward to the interest of period 1 = interest earned on the principal (P) = non-compound interest of period 1
It can be seen that the less (more) time pass, the less (more) the gap between compound interest and non - compound interest
Let’s think about it like this if you were to live in Bangladesh how would you clean your water?