Answer:
1. 10 Oct 2018 Inventory $59500 Dr
Accounts Payable $59500 Cr
2. 13 Oct 2018 Accounts Payable $1700 Dr
Inventory $1700 Cr
Explanation:
1. The Textbook store is purchasing the books at $17 per book and in total 3500 books are purchased on credit. So, we debit the inventory account by 59500 (3500 * 17) and credit the Accounts Payable by 59500.
2. This transaction relates to Purchases return which in this case is our inventory of books. Textbook store will record this transaction in its books by debiting the Accounts Payable account by the value of the books returned 1700 (170* 100) and credit its inventory by 1700. The last line pertains to total estimation of sales returns by Piranha so we do not need to consider that while preparing transactions in Textbook store's books.
Answer:
the expected yield to maturity for bond C in 1 year :
1.0799³ = 1.06 x (1 + r)²
1.188 = (1 + r)²
√1.188 = √(1 + r)²
1.08999 = 1 + r
r = 0.08999 = 9%
the yield to maturity of zero-coupon bonds = (future value / present value)¹/ⁿ - 1
0.09 + 1 = ($1,000 / value in 1 year)¹/²
1.09 = ($1,000 / value in 1 year)¹/²
1.09² = $1,000 / value in 1 year
value in 1 year = $1,000 / 1.09² = $1,000 / 1.1881 = $841.68 ≈ $842
Cost of goods sold=
beginning inventory+purchase-ending inventory
cost of goods sold
=6,500+21,500−8,500
=19,500
Answer:
The correct answer to the following question is the last option - the shares of ownership in a company that may pay dividends .
Explanation:
Stocks which are also popularly know as shares or equity, can be defined as one of the types of securities which signifies the proportion of ownership in the issuing company . If a person ( who is know as the shareholder or stockholder ) holds a company's shares , then that person is entitled to the proportion of company's assets and earnings ( the proportion would depend upon the number of shares he or she is holding ) . If a company earns profit, then that shareholder would receive some portion of that earning in form of dividends .
Depending on her area and expertise i would recommend a state website or a government approved agency
