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4 years ago

(a) A local bookseller is considering expanding store space to increase his capacity for books.

Business

1 answer:

Ksju [112]4 years ago

8 0

The book seller should invest in the extra space.

Explanation:

As per the given data:

rent for the additional space given is $300 per year, the additional profit that will be pulled by adding on the space = $4000 per year, the current rate of interest given is = 12%

In order to calculate about the decision, the present values needs to be calculated first

The present value of the investment = (- $ 3000 plus $ 4000) by 1.121

The present value of the investment = $ 571.43

The present value of the investment is positve, hence the book seller should invest in the extra space.

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A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial state

Darina [25.2K]

Answer:

A governmental audit may extend beyond an examination leading to the expression of an opinion on the fairness of financial statement presentation to include

investigation of the economy, efficiency and effectiveness of operations.

Explanation:

This is known as a value for money audit. It is an independent evidence-based investigation which examines and reports on whether economy, effectiveness, and efficiency have been achieved in the use of governmental funds, which are public funds. This is how many audits for governmental funds are conducted, by expanding the scope to include these three important operational elements.

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3 years ago

Greg and Joyce have an adjustable rate mortgage on their home. What is the key feature of this type of loan?

vladimir1956 [14]

Answer: Interest rate can vary

Explanation: Based on the description of Greg's and Joyce's mortgage loan, the key term is the adjustable nature of the loan used to finance the mortgage. Being adjustable simply means not fixated. Hence, the interest on the loan is bound to change throughout the entire period of the loan. This type of mortgage loans are called ADJUSTABLE RATE MORTGAGE or FLOATING mortgage. The change in the interest rate applied on the outstanding balance of is usually at intervals which could be annually, semianually or monthly basis as the case may be.

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3 years ago

Which account summarizes international asset transactions having to do with international purchases and sales of real assets?

tatuchka [14]

Answer:

The financial account summarizes international asset transactions having to do with the international purchases and sales of real assets

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2 years ago

Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price of

Sindrei [870]

Answer:

12 bananas or 8 apples are needed to purchased

Explanation:

The computation of the number of bananas or the apples is shown below:

Since the income is $24

And, the price of an apple and the price of banana is $3 and $2 respectively

So, the number of bananas is

= $24 ÷ $2

= 12 bananas

And, the number of apples is

= $24 ÷ 3

= 8 apples

Therefore 12 bananas or 8 apples are need to purchased

7 0

4 years ago

The trial balance of Rachel Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $29,200;

butalik [34]

Answer:

$151,200

Explanation:

The cost of goods sold is the beginning inventory plus purchases plus freight-in, minus purchases returns and allowances minus ending inventory

Cost of goods sold extract of income statement:

Beginning inventory $29,200

Purchases $144,000

Freight-in $8,000

Purchases returns and allowances ($5,000)

Net purchases $147,000

cost of goods available for sale $176,200

ending inventory ($25,000)

cost of goods sold $151,200

The cost of goods sold is $151,200,which would be deducted from net sales in order to arrive at gross profit

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4 years ago