Answer:
1.30%
15.60%
16.77%
Explanation:
The monthly return is the amount payable monthly divided by the current price of the investment vehicle.
monthly return=$1500/$115,000=1.30%
Annual percentage return=monthly return*12=1.30%
*12=15.60%
Effective annual return=(1+1.30%)^12-1
EAR=1.167651776
-1
EAR=16.77%
Answer:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Explanation:
Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:
Debit Unearned Fees, $8,370
Credit Fees Earned, $8,370
Calculated as :
Amount received $33,480/36 months ×9 months
=$8,370
Note that from 1st April to 31st December will give us 9 months.
Answer:
$ (-4t+872)
Explanation:
Earning for 1 hour as a tutor= $10
Earnings for 1 hour as a waitress= $14
Total hours worked in the month combined jobs= 83 hrs
Number of hours worked as a tutor for the month= t
Finding the number of hours worked as a waitress for the month= 83-t hours
Total amount earned that month = amount earned as a tutor+ amount earned as a waitress
Amount earned as a tutor= $10 × t = $10t
Amount earned as a waitress= $14× (83-t)= $ (1162-14t)
Total amount earned combined= $ 10t + $ (1162-14t)
=$ ( 10t-14t +1162)
= $ (-4t+872)
The percentage profit = 18%
A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.
Given the selling price = $225000
and the purchasing price = $190000
Since the selling price is more than the purchasing price, there is obviously a profit gained.
Now profit amount = Selling price - Purchasing price
= 225000-190000 = $35000
Profit percentage = (Profit / Purchasing price) x 100%
= (35000 / 190000) x 100%
= 18.42%
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