Answer:
Cobra Inc.
The amount that Cobra should report for desks is $790.
Explanation:
a) Data and Calculations:
Purchases on March 3 = $330
Purchases on March 22 = $460
Payment on March 24 = ($460)
Amount unpaid = $330
b) The amount that Cobra Inc. should report as Accounts Payable at the end of March is $330. However, in reporting for the desks, it should report $790 in assets. This amount represents the value of desks that the company is possessing, which is financed by company cash and creditors.
Answer:
Explanation:
When Leverett's exports became less popular, its savings, Y-C-G does not change. Reason being that, it is assumed that Y depends on the amount of capital and labour, consumption depends only on disposable income and government spending is a fixed extrinsic variable.
Since investment depends on interest rate, and Leverett is a small open economy that takes the interest rate as given, thus investment also does not change . Neither does net export change (This is shown by the S-I curve in the attachment).
The decreased popularity of Leverett's exports leads to an inward shift of the net export curve inward. At the new equilibrium,net exports remains unchanged, though the currency has depreciated.
Leverett's trade balance remained the same, despite the fact that its exports are less popular, this is due to the fact that the depreciated currency provides a stimulus to net exports which overcomes the unpopularity of its exports by making them cheaper.
b. Leverett's currency now buys less foreign currency, thus traveling abroad becomes more expensive. This is an instance showing that imports (including foreign travel) have become more expensive- as required to keep net exports unchanged in the case of decreased demand for exports.
What is Net Asset Value?
Net asset value is the value of an entity's assets less the value of its liabilities, which is frequently used in relation to open-end or mutual funds because shares of such funds registered with the Securities and Exchange Commission are redeemed at net asset value.
Main Content
$11.69
offering price= NAV / (1-load)
12.30=NAV / (1-0.05)
12.30=NAV / (0.95)
12.30 x 0.95 = NAV
NAV= 11.69
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Answer:
43 days
Explanation:
The first step is to calculate the account receivable turnover
= $595,000/($80,000+$60,000)/2
= 595,000/140,000/2
= 595,000/70,000
= 8.5
Therefore the average collection period can be calculated as follows
= 365 /8.5
= 42.9
= 43 days
Answer:
the difference between operating incomes under absorption costing and variable costing is $180,000 .
Explanation:
The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.
So, calculation of the difference will be as follows :
Beginning fixed manufacturing overhead in inventory $230,000
Less Ending fixed manufacturing overhead in inventory ($50,000)
Difference between absorption costing and variable costing $180,000
