Answer: $54,510,000
Explanation:
The Investment at year end 2017 is;
<em>= Opening Investment + Portion of Net Income - Unconfirmed profit on ending inventory - Dividends</em>
Portion of Net Income
= 45% * 9,000,000
= $4,050,000
Unconfirmed profit on ending inventory
= (6,000,000 - ( 6,000,000/125%)) * 45%
= $540,000
Investment account at end of year = 55,000,000 + 4,050,000 - 540,000 - 4,000,000
= $54,510,000
Answer:
i'd say technical but im really not too sure.
Explanation:
Answer:
I hope this answer may help you
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Answer:
The firm collects on its sales in an average of 10 days
Explanation:
if the receivables turnover is 36.5 it means it colect his accounts 36.5 times per year
we can convert this into a days metric:
<em>the days account is outstanding:</em>
365 days per year / we collect 36.5 per year = 10 days to collect an account on average
The acounts are collected every ten days on average.
Answer:
Yr. amount Interest payment balance
1. 319,500 22365. (77923). 263,942
2. 263,942.18,476. (77,923). 204,495
3. 204,495 14315. (77923). 140,887
4. 140,887. 9862 (77923). 72,826
5. 72826. 5098. (77,923). 1
Explanation:
The interest charge is on the total amount due at the end of the year which is assumed to have been made available to the debtor, the annual payment is deducted from the addition of interest and principal due and the balance due is brought forward to be defray in subsequent years. The balance is expected to show zero but the balance of one shown is a roundup error.
