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If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. I think yes, Wang <span>should take the quantity discount.</span>
Answer:
The interest rate is 7.83%
Explanation:
The winner price in the year 1895 = $190
The winner price in the year 2014 = $1490000
Time duration between, 2014 – 1895 = 119 years
Now we have to find the interest rate at which the winner price has been increased. Thus, use the below formula to find the interest rate.
Future value = present value (1+ r)^n
Future value = $1490000
Present value = $190
n = 119
Now insert the values in the formula.
1490000 = 190(1 + r)^119
1490000 / 190 = (1+r)^119
r = 0.07826 or 7.83%
Explanation:
The journal entry is as follows:
Land Dr $70,000
Additional paid in capital $5,000
To Common stock $75,000
(Being the common stock is issued in exchanged for cash)
The computation of the additional paid in capital is shown below:
= Common stock - the appraised value of land
where,
The common stock = 750 shares × $100 = $75,000
And, the appraised value of land is $70,000
So, the remaining balance is
= $75,000 - $70,000
= $5,000
The $5,000 would be recorded as an additional paid in capital
Answer:
The correct answer to the following question is option B) $2500 .
Explanation:
Given information -
Proceeds to be received on life insurance - $150,000
Carin receives 10 installments of $17,500 each , which takes total amount to - $175,000
Premiums paid by Carins husband - $60,000
Carin collected - $17,500 from insurance company
The interest element that would be included in her gross income -
$175,000 - $150,000
= $25,000
She is receiving payments in form of annuity, and the amount that should be included in her gross income in the first year should -
$25,000 / $175,000 x $17,500
= $2500
A and D are the correct answers . You are welcome .
