Answer:
a) $170,000
Explanation:
Total Sales = 200,000 X 2 = 400,000
-Sales Return = 400,000 X 5% = 20,000
=Net Sales = 380,000
-Cost of corrugated boxes = 200,000 X 1 = 200,000
=Gross Margin = 180,000
-Additional Cost = 10,000
=Operating profit = 170,000
Answer:
debit to treasury stock for $90,000
Explanation:
Vermont corporation
Purchased × Shares of treasury stock per share
Purchased 3,750
Shares of treasury stock for $24 per share
Hence:
Purchased 3,750 × shares of treasury stock for $24 per share
=$90,000
Therefore journal entry to record the purchase of the treasury shares on february 1 would include a debit to treasury stock for $90,000
The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.
<h3>What is Small Business Association?</h3>
A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc
SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc
Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD
Therefore, the Option A is correct.
Read more about Small Business Association
<em>brainly.com/question/2072884</em>
The duration gap is calculated by subtracting the duration of the liabilities from the duration of the activity of the financial entities. Thus, in this case, the net worth of 1.8 percent of its assets.
<h3>What do you mean by Duration Gap?</h3>
Duration Gap refers to the term used by funds, banks, pensions, or many financial institutions to estimate the risk because of changed interest rates.
Also, if we have a negative duration gap means that the market value of equity will increase when interest rates rise.
Thus, in this case, If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of 1.8 percent of its assets.
Learn more about Duration gap here:
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