Answer:
The beginning inventory was $2000.
Explanation:
First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000 = $6000
The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:
Cost of goods sold = Beginning inventory + Purchases - Closing Inventory
Plugging in the available figures in the formula,
6000 = Beginning Inventory + 8000 - 4000
6000 = Beginning inventory + 4000
6000 - 4000 = Beginning Inventory
Beginning Inventory = $2000
Answer:
The answer is 0.46
Explanation:
Firstly, 100shares x $60 x0.6
=$3,600
Step 2:
$3,600 x 0.6
=$2,160
Step 3:
100 x $40 - $2,169/100 x$40
$4,000 - $2,160/$4,000
$1,840/$4,000
0.46
Answer:
True.
Explanation:
True, the given statement is right because the exchange rate or price of the currency is inversely related to the demand. when the exchange rate increases that means the price of the currency is increasing and in that case, the demand for the currency falls. If the exchange rate falls or the price of currency falls then demand for the currency rises that indicate the inverse relationship between the exchange rate and the aggregate demand. therefore, the aggregate demand curve is sloping downwards.
Answer: Patton will sue QC industries for tortious interference with a contract
Explanation:
Since there has been a contract which had already been signed, then if QC industries damages Patton Company's image, Patton will sue QC industries for tortious interference with a contract.
Tortious interference, is also refered to as the intentional interference with a contract and this occurs when the business relationship or contract that one has with a third party is intentionally damaged by another person. In this case, QC intentionally damages Patton's contract and therefore, Patton will sue QC industries for tortious interference with a contract.
The type of Annuity is : Immediate annuity, where distribution starts within 1 year of purchase. <span>A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that, the type of annuity is Immediate Annuity. </span>Immediate annuities<span> are long-term, tax-deferred contracts one purchase from an insurance company, it provide </span>immediate<span> regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for life or a specified period of time.</span>