Answer:
The ending balance in the inventory account is $37,960
Explanation:
For computing the ending balance, first we have to compute the cost of inventory which is available for sale
So, the cost of inventory which is available for sale equals to
= Beginning balance of inventory + purchased - purchase return - purchase discount + in transportation cost
= $45,500 + $91,500 - $6,100 - $860 + $1,220
= $131,260
Now the ending inventory would be
= Cost of inventory which is available for sale - Cost of goods sold
= $131,260 - $93,300
= $37,960
Answer:
a. adds $10,000 in bank reserves.
Explanation:
Given that
Reserve requirement is 20%
Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves
Therefore as per the given situation, the option a is correct
And, the same is to be considered
Thus, all the other options are incorrect
Answer:
Economical, technological, and ecological.
Explanation:
PESTEL factors that are most salient for the electric vehicle segment of the car industry are economical, technological, and ecological. Electric cars would be economic as compared to gas and other forms of energy used to run a car or any other vehicle.
Answer:
You must deposit $14,824.07
Explanation:
Giving the following information:
Sister:
Investment= $14,000
Interest rate= 10.5%
Number of years= 9
You:
Investment=?
Interest rate= 9.8%
Number of years= 9
First, we need to calculate the future value of your sister:
FV= PV*(1+i)^n
FV= 14,000*(1.105^9)= $34,386.55
Now, we can determine your deposit:
PV= FV/(1+i)^n
PV= 34,386.55/ (1.098^9)= $14,824.07