Answer:
Profit in 2009 = 7.602616858 million = 8 million
Explanation:
given data
profit = $5.8 million
profit increased = 7%
solution
we first get here profit in 2006 that is
Profit in 2006 = profit × ( 1 + increase profit % )
Profit in 2006 = $5.8 million × ( 1 + 7% )
Profit in 2006 = $6.206 million
and
Profit in 2007 = $6.206 million × ( 1 + 7% )
Profit in 2007 = 6.64042 million
and
Profit in 2008 = 6.64042 million × ( 1 + 7% )
Profit in 2008 = 7.1052494 million million
and
Profit in 2009 = 7.1052494 million × ( 1 + 7% )
Profit in 2009 = 7.602616858 million
Profit in 2009 = 8 million
Explanation:
The computation is shown below:
a. Net purchase
= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in
= $330,000 - $8,000 - $6,000 + $12,000
= $328,000
b. The cost of goods available for sale is
= Beginning inventory + purchase
= $50,000 + $328,000
= $378,000
c. The cost of goods sold is
= The cost of goods available for sale - ending inventory
= $378,000 - $80,000
= $298,000
The constitution is the correct answer
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The correct answer here is A) above, demand , fall.
Explanation:
Whenever the interest rate on bond is more or above the equilibrium's rate of interest , then this means there is excess demand for the bond in the market and since this excess demand for bond will lead to decrease in the interest rate of the bond, while if the situation was opposite ( excess supply in market ) the interest rate would have risen.
