$39000
DOWN PAYMENT MEANS THE AMOUNT YOU PAY PAY AT THE TIME OF THE DEAL OF PURCHASING THE HOUSE.THERE IS USUALLY A PERCENTAGE OF THE TOTAL AMOUNT AND IS PAID IN A LUMP SUM.
20& OF THE COST OF HOUSE OUT HERE
I.E. 20% OF $195000
= 0.2 * 195000
=$39000
Answer:
$60,500
Explanation:
With regards to the above, the write off does not affect the realizable value of accounts receivables. Also, the total asset or net income is not affected by the write off or specific account. Instead, both assets and net income are affected in the period when bad debt expense is predicted and then recorded with an adjusting entry.
Accounts receivables
$550,000
Less:
Allowance for doubtful account
($550,00 × 2.5%)
($13,750)
Estimated realizable accounts receivables
$536,250
If the amount of bad debt decreases or increases as given below, then the income is also increased or decreased by the amount given.
Bad debts = $13,750
Uncollectible previously written off = $8,800
Difference
$4,950
Net income
$60,500
Less:
Difference
($4,950)
Reported income
$55,550
Answer:
When a tax is levied on the buyers of a good, the <u>demand curve shifts downward (or to the left). The quantity demanded will decrease at every price level.</u>
Explanation:
When a tax is levied on the sellers of a good, the supply curve shifts to the left, reducing the quantity supplied at every price level.
When a tax is levied on a good, the buyers and sellers of the good share the burden, regardless of how the tax is levied since it increases the price that buyers effectively pay and decreases the price that sellers effectively receive. Taxes decrease the equilibrium quantity of the good.
Answer:
You should make sure there are no more updates after that and if their are no more needed then you should be fine to just go on
Explanation:
Answer:
Price Earnings Ratio = 20.48
Explanation:
Price Earnings Ratio = Price/Earnings per share
Here Price is of common stock
In the given case = $32
Earnings per share are calculated at year end for common stock.
Earnings for common stock = Net income - Dividend to preference shares = $105,000 - $30,000 = $75,000
Earnings per share = $75,000/48,000 shares = $1.5625
Price Earnings Ratio = 
= 20.48
Note: There is no relevance of share price of preference shares, also no relevance on opening number of shares of equity as PE Ratio is calculated on closing number of shares and on the date and not for the period that we will consider the average.
Price Earnings Ratio = 20.48
