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4 years ago

15

Suppose you invested some money at 8% simple interest for 5 years. if you receive 500 dollars in interest how must money did you

invest

1 answer:

Tasya [4]4 years ago

5 0

You would invest $200.

500 x .08% = 40

40 x 5 = 200

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Nick is investing $25,000 in a partnership with his sister and brother. nick does not want to be an active part of the partnersh

Sveta_85 [38]

Nick is a LIMITED PARTNER in this partnership. A limited partner is one who contributed to the formation of a company in form of capital but who is not actively involved in the day to day running of the business and his liability in the business is limited to the extent of his investment.

7 0

3 years ago

Select the TWO True statements about the Selection of Distribution Channels:

sladkih [1.3K]

There are different kinds of distribution channels. The True statements about the Selection of Distribution Channels are:

Product price has no effect on the length of a distribution channel.

The geographic location of customers does not require different distribution channels

The channel of distribution are classified based on:

The Nature of the Product
The Nature of the market
The Nature of Middlemen
The nature and size of the manufacturing etc.

The channel of distribution is also known as marketing channel. They are simply known as different types of interdependent organizations that are engaged in the process of making a product or service available for use or consumption.

Learn more about Distribution channels from

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7 0

3 years ago

Assume you earned $50000 in 2015, when the consumer price index (CPI) was 236. The CPI in 2016 is 246. How much of a raise in 20

Vinil7 [7]

Answer:

$2,118.64 and 4.24%

Explanation:

The computation is shown below:

Data given in the question

Earning in 2015 = $50,000

CPI in 2015 = 236

CPI in 2016 = 246

So, the earning in 2016 is

= Earning in 2015 × CPI 2016 ÷ CPI 2015

= $50,000 × 246 ÷ 236

= $52,118.64

So, the raise amount is

= $52,118.64 - $50,000

= $2,118.64

And, the percentage is

= $2,118.64 ÷ $50,000 × 100

= 4.24%

6 0

3 years ago

On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo

harina [27]

Answer and Explanation:

The items that should be reported on the cash flow statement is shown below;

On March 12 Purchase of fixed assets - investing activity - deducted - $104,300

On Oct 4 Sale of fixed assets - investing activity - added - $63,840

Gain on sale of fixed assets - operating activities - deducted - $31,710 ($95,550 - $63,840)

6 0

3 years ago

Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at

Nookie1986 [14]

Answer:

Ending inventory at cost $30,360

Explanation:

The computation of the ending inventory at cost using conventional retail method is shown below:

<u>Particulars Cost Retail Cost to retail ratio </u>

beginning inventory $12,000 $20,000

Add: purchase $120,000 $170,000

Add:Net markups $10,000

Less: net markdown -$7,000

Goods available for sale $132,000 $193,000

Cost to retail percentage 66% ($132,000 ÷ $200,000)

Less: net sales $147,000

Estimated ending inventory at retail $46,000

Ending inventory at cost $30,360

($46,000 ×0.66)

8 0

3 years ago