Answer:
$46,000
Explanation:
Note: The balance sheet is shown in the attachment. Kindly find it below:
The computation of the cost of goods sold expense is shown below:
Cost of goods sold = Opening inventory + Purchase - ending inventory
where,
Opening inventory = $22,000
Purchase = $42,000
And, the ending inventory is $18,000
So, the cost of goods sold is
= $22,000 + $42,000 - $18,000
= $46,000
Basically we applied the above formula to find out the cost of goods sold expense in 2014
Answer:
$895.22
Explanation:
We use the present value formula to determine the current bond price i.e shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 10.5%
NPER = 8 years
PMT = $1,000 × 8.5% = $85
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the current bond price is $895.22
Answer: (d.) A lump-sum tax which violates the benefits principle.
Explanation:
Here the tax is an amount, i.e. it is lump-sum and it violates benefit principle because they are not taxed according to their willingness to pay.
Also a same fee is charged from all the students irrespective of their level of activity, i.e. a lump sum tax.
Therefore it is violating the benefits principle because the fee is independent of the campus activities. A student might be receiving greater benefits than the other in terms of higher campus activities but is paying the same fee.
Answer:
it compells an individual to suffer form various problems like financial hardship and poverty, debt, homelessness and housing stress, family tensions ,etc.
Explanation:
hope it may help you
Answer:
Mark will have 125,420.81
Mark will earn interest for 420.81
Explanation:
If you start with 125,000.00 in a savings account earning a 5.5% interest rate, compounded Daily, after 22 Days your savings account will have grown to 125,420.81 of which 125,000.00 is the total of your beginning balance plus deposits, and 420.81 is the total interest earnings.
