Answer:
Explanation:
the fruit cola should be discontinued as it has decreased the net income by$1275000
check the attached file bellow for further explanation
Answer: $678,220
Explanation:
Given that,
Purchase Discounts = $ 11,000
Freight-in = $15,300
Purchases = $689,020
Beginning Inventory = $55,000
Ending Inventory = $45,600
Purchase Returns and Allowances = $15,100
Cost of goods purchased:
= Purchases + Freight in - Purchase discounts - Purchase returns and allowances
= $689,020 + $15,300 - $ 11,000 - $15,100
= $678,220
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Answer:
Limited partner
Explanation:
A limited partner has limited liabilities and doesn't take an active role in managing the operation of the business. A limited partner is also known as a silent partner.
I hope my answer helps you
Answer and Explanation:
The computation is shown below:
a. Holding period return would be
= Income + (End of Period Value - Initial Value) ÷ Initial Value
= 0 +($2,178 - $1,902) ÷ $1,902
= 0 + $276 ÷ $1,902
= 14.51%
b. The annual percentage rate is
For 3 months, the rate is 14.51%
Now
For 12 months, it is
= 14.51% ÷ 3 × 12
= 14.51 % × 4
= 58.04%
c. The effective annual rate is
= ( 1 + r ÷ m)^m - 1
= (1 + 58.04% ÷ 4)^4 - 1
= (1 + 0.5804 ÷ 4)^4 - 1
= (1 + 0.1451)^4 - 1
= (1.1451)^4 - 1
= 1.719387079 - 1
= 0.719387079 or 71.94%
