Answer:
$140000
Explanation:
Principle = $700000
Rate = 10%
Time = 2 years
Simple interest = P x R x T / 100
Simple interest = 700000 x 10 x 2 / 100
Simple interest = 70000 x 2
Simple interest = $140000
Answer:
what amount of Raxston’s liability should be eliminated? d.$500,000
Explanation:
At different levels of the consolidation, certain intercompany payables and receivables balances must be eliminated. Eliminations are only required in the context of a consolidation where the trading parties are both included in a given consolidation.
Answer:
consumers
Explanation:
The consumers of any given market are the ones that finally pay the increase of prices driven by inflation.
Inflation means that there is an increase in the prices of goods and services per year. This increase affects all the actors in a given economy but in the bottom-line consumers are the ones that pay these increment in prices.
Answer:
True
Explanation:The Dividend pay out ratio of a company is the ratio of the total devidend paid to shareholders in relation to the net income earned by the company during a financial year.
Fixed assets are assets purchased in order to be used on the long term,theses types of assets are not usually converted in the short term for money,fixed assets includes buildings,land etc.
Answer and Explanation:
The journal entry is shown below
Sales tax (($257,000 + $154,800) ×7%) $28,826
To sales tax payable $28,826
(Being the sales tax expense is recorded)
Here the sales tax is debited as it increased the expense and credited the sales tax payable as it also increased the liability
The calculation is as follows;
= $27,4990 ×100 ÷ 107
= $257,000
And,
= $165,636 × 100 ÷ 107
= $154,800
