Answer:
23,130,000 HK
Explanation:
Loan amount taken by sapling = 12,000,000 euros
Loan amount taken by sapling in Dollars at an exchange rate of 9 HK dollars/euros:
= 9 × 12,000,000
= 108,000,000 HK
Amount to be repaid by sapling at i= 1.5%:
= 12,000,000(1 + 0.015)
= 12,180,000 euros
Amount to be repaid by sapling in HK Dollars at an exchange rate of 7.5 HK dollars/euro:
= 7.5 × 12,180,000
= 91,350,000 HK
Amount earned by lending at i = 6%:
= 108,000,000(1 + 0.06) HK
= 114,480,000 HK
Net profit earned = Amount Earned - Amount Repaid
= 114,480,000 HK - 91,350,000 HK
= 23,130,000 HK
Net profit earned in Euros = (23,130,000 ÷ 7.5) euros
= 3,084,000 euros
Answer:
Supplies Used = $2475
Explanation:
<u>Bruce Company</u>
Supplies Purchases $4,300
Supplies on hand $1,825
Supplies Used = $ 4300- $ 1825 = $2475
The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.
The relating <u>adjusting entry </u>will be
Supplies Expense $ 2475 Debit
Supplies Account $ 2475 Credit
This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.
Hi, you've asked an unclear question. However, I assume you're referring to levels of college selectivity.
Three levels of selectivity (college selectivity) are:
Most selective
Extremely selective
Very selective
Most selective: Colleges with this level of selectivity are said to accept fewer than 15% of all applicants, examples include, Harvard University, Johns Hopkins University, Stanford University
, Massachusetts Institute of Technology.
Extremely selective: Colleges with this level of selectivity are said to accept fewer than 35% of all applicants. Institutions under this category include Boston University, New York University, Georgia Institute of Technology, etc.
Very selective: The Colleges under this category accept fewer than 50% of all applicants. Examples are George Washington University, Kenyon College, Lafayette College,
North Carolina State University, etc.
These are some of the selectivity levels, you could find more Information from other online resources.
Answer:
An unlimited liability corporation is a Canadian corporation designation, wherein shareholders are liable up to unlimited amounts for any liability, act or default of the corporation. By comparison, in most corporations, shareholders are not usually liable due to a limited liability model.
Explanation:
