Answer and explanation:
The Annual Rate of Return or Yearly Rate of Return is the amount of money obtained in the course of an investment over one year. It is usually defined as a percentage and takes into account capital appreciation and dividend payments. The formula for calculating the annual rate of return is:
Annual Rate of Return = (EYP - BYP)/BYP X 100%
Where:
EYP = End of year price
BYP = Beginning of year price
Answer and Explanation:
The preparation of the appropriations, expenditures and encumbrances ledger for the police department for the month of July is presented below:
City of South Dundee
Appropriations, expenditures and encumbrances ledger
General fund
Month of July, 2017
Trans Reference Appropriations encumbrances expenditures unexpended appropriation balances
1. Budget -$8,700,000
-$8,700,000
2. Purchased order $520,000
-$8,180,000
3. Invoice issued -$480,000 $478,000
-$8,182,000
4. Payrolls $287,000
-$7,895,000
5. Budget revision $50,000
-$7,845,000
Total -$8,650,000 $40,000 $765,000
-$7,845,000
Answer:
C. Accounting Identity is: Assets = Liabilities + Owners' Equity.
It normally doesn't have a warranty and can't be returned.
<h3>What does the phrase "purchase on consignment" mean?</h3>
A reseller (consignee) and their supplier (consignor) enter into a consignment agreement that enables the reseller to pay for the products after the products have been sold.
<h3>What benefits does consignment offer?</h3>
For increased exposure to the buying market, it enables a seller (maker) to place products at wholesale and retail stores. Since their capital is not tied to inventory, it may serve as an incentive for wholesalers and retailers to keep items on hand.
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A couple of ways that business can use to get the informaiton are:
- By collecting Customer relation Management Data
This data is useful to know the satisfaction level of the customer and their tendency to return and repeat the purchase
- By observing the inventory
This includes observing the rate of inventory turnover to create a pattern that might be repeated for the following year.