Answer:
$301,000
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Hence,
$310,000 = Equity + $250,000
Equity = $310,000 - $250,000
= $60,000
The net income is the difference between the total sales and total expenses
= $626,000 - $325,000
= $301,000
Answer:
2.30%
Explanation:
Data has given as:
Yield for 1 year T-bill = 7.00%
Future inflation rate = 4.7%
In order to find the risk-free rate of return we need to deduct future inflation rate from the yield for the year
Risk-free Rate of return = 1 year T-bill yield - inflation
Risk-free Rate of return = 7.00% - 4.70%
Risk-free Rate of return = 2.30%
Answer:
See below.
Explanation:
We record the entries as follows,
First record the total gross sales,
Debit accounts receivables by $57,000
Credit Sales by $57,000
Payment terms provide us that 2% discount if paid within 15 days and no discount thereafter.
We record the payments as,
Cash debit by ($57,000 * 0.98) = $55,860
Discounts allowed debit by ($57,000*0.02) = $1,140
Credit Discount receivable by $57,000
Hope that helps.
Answer: Creation of sales
Explanation: In direct marketing the company focuses on avoiding the advertising middle man and tries to inform the customers directly about the product or service offered.
The direct marketing is done with the intent of increasing customer base which will further result in creation of sales. This could be achieved by making promotional events and other such kind of activities.
Answer:
Option "B" is the correct answer to the following question.
Explanation:
Price-setters is a community or individual, who set a fair price for a particular commodity or product, these types of Individual or community has a higher quality of goods or product that gave him the ability to set his prices.
Other firms are called price taker who depend on the market price
Price-setters firms use a pricing approach.
