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Igoryamba
3 years ago
15

EA3.

Business
1 answer:
djyliett [7]3 years ago
7 0

Answer:

$38,240

Explanation:

Given that,

Gross revenue from sales totaling = $86,500

Operating expenses for this same period = $27,500

Cost of Goods Sold (COGS):

= 24% of gross revenue

= 0.24 × $86,500

= $20,760

Net operating income for the year:

= Gross revenue from sales - COGS - Operating expenses

= $86,500 - $20,760 - $27,500

= $38,240

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Answer:

a. $8,000 gain

Explanation:

The face value of the bonds purchased by Pluto Corporation are $120,000. The bonds are purchased at discount of $1,980.  The bonds have carrying value of $126,019 at the time of purchase. The net gain or loss is calculated by the difference between two values.

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The discount amount of the bond was $1,980.

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2 years ago
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3 years ago
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madam [21]

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3 years ago
What basically compares what an individual owes compared with how much they earn monthly?
STALIN [3.7K]

Answer:

C. Debt to Income Ratio

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The debt to income ratio (DTI)provides a picture of the level of debts of a borrower. The DTI is usually expressed as a percentage of gross income. A high debt to income ratio indicates a person spends a high percentage of income on paying debts.

Lenders use the debt to income ratio to assess a borrower's ability to repay debts. Individuals with low DTI are preferred to those with a high one.

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3 years ago
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