Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?

Which of the following is the cost of quality classification for costs such as defects that pass through the system, such as cus

KonstantinChe [14]

Would have to say the answer is A

8 0

3 years ago

Jefferson Company has sales of $302,000 and cost of goods available for sale of $270,200. If the gross profit ratio is typically

mr_godi [17]

Answer:

Ending inventory is $58,800

Explanation:

The formula for the gross profit ratio is as under:

Gross profit ratio = Gross Profit / Sales

And here Sales is $302,000 and Gross profit ratio is 30%.

By putting values we have:

30% = Gross profit / $302,000

Gross Profit = 30% * $302,000 = $90,600

We also know that:

Gross Profit = Sales - Cost of sales

By putting values we have:

$90,600 = $302,000 - Cost of sales

Cost of Sales = $302,000 - 90,600

Cost of Sales = $211,400

The difference between the cost of goods available for sale and cost of goods sold is ending inventory.

Ending Inventory = $270,200 - $211,400 = $58,800

4 0

3 years ago

Crestfield leases office space. On January 3, the company incurs $23,000 to improve the leased office space. These improvements

Lisa [10]

Answer:

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

Explanation:

The journal entry is as follows

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

The computation is shown below:

= Incurred expenses ÷ remaining life

= $23,000 ÷ 2

= $11,500

While recording this transaction we debited the amortization expense as the expenses account is increased while at the same time the accumulated amortization should be credited as it decreased the value of the asset

5 0

3 years ago

After a large hotel chain discovered that their computer systems had been hacked and customer credit card information had been a

Gnesinka [82]

The hotel's quick action in response to a serious situation was likely due to CYBER SECURITY BREACH. It is a threat not only to the customers but to the hotel business as well because with this breach, customers will find it hard to trust said hotel again.

Because confidential data like credit card information were stolen, they need to immediately inform their customers to ensure that the customers will take the necessary steps in protecting themselves from having their identity stolen and from having their credit cards used in purchasing items they are not aware off.

4 0

3 years ago

The company recently reported an EBITDA of $22.5 million and $5.4 million of net income. The company has $6 million interest exp

blsea [12.9K]

Answer:

Depreciation and amortization is $7.5 million

Explanation:

If the tax rate is 40%, then the net income is 60%

tax expense=net income*tax rate/60%=$5.4 million/60%*40%=$3.6 million

Depreciation and amortization=EBITDA-tax-interest-net income

EBITDA is $22.5 million

interest is $6 million

net income is $5.4 million

Depreciation and amortization=$22.5 milion-$6 million-$3.6 million-$5.4 million

Depreciation and amortization=$7.5 million

6 0

3 years ago

Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?​

Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?