Answer:
$12,200
Explanation:
Sales including sales tax = $13,359
Sales tax rate = 9.5%
Let the sales be = $X
Sales tax payable = Sales * Sales tax rate
Sales tax payable = X * 9.5%
Sales tax payable = 0.095X
Sales + Sales tax = Sales including sales tax
X + 0.095X = 13,359
1.095X = 13,359
X = 13,359/1.095
X = $12,200
So, Sales = $12,200. Thus, in the books of the lumber company, Revenue should be credited for $12,200
To calculate the amount of money that Jim will have on the deposit in 7 years, we will have to calculate the future value of the deposited amount
Future Value(FV) = PV*(1+r)^n
PV = 12,000
r = 6% = 0.06
n = 7 years = 7
FV = 12000*(1+0.06)^7
FV = 12000*1.06^7
FV = 18,043.56
a. How much will jim have on deposit at the end of seven years - $18,043.56
Answer: To view incidents recorded in the Application, Security, and System logs
Explanation:
The constant growth model can be used here even if the
dividends are decreasing by a persistent percentage, just make sure to distinguish
the negative development. So, the computation for the price of the stock today
will be:
P= dividend (1 +reduce payout) / (Return–reduce payout)
P= $12.30(1 – 0.05) / [(0.09 – (–0.05)]
P= $11.69 / 0.14
P = $83.46 is the price you will pay for a share today.