The amount of the sales transaction would include a debit to cash is $970.
<h3>How is the percentage determined?</h3>
- The percentage is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100.
- Simply multiply the total by the percentage to determine the precise number of absentees from the event.
So: 160 x 25% = 160 (25/100) = 160 x 0.25 = 40
This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.
1000 x (1-0,03)
1000 x 0,97 = 970$
So, the amount of debt to cash that would entry to the record sales would be 970$.
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Answer:
The market price of the security is $31.81
Explanation:
In order to calculate the market price of the security if its correlation coefficient with the market portfolio doubles we would have to calculate first the following:
First, calculate the dividend expected after one year with the following formula:
D=P*E(ri)
D=$50*0.14
D=$7
Next, we would have to calculate the beta of the security using the CAAPM Equation:
βi= E(ri)-rf/E(rm)-rf
=0.14-0.06/0.085
=0.9412
Next, we have to calculate the new beta due to the change in the correlation coefficient with the following formula:
β=correlation coefficient/σm*σs
=2*0.941
=1.882
Next, Calculate the new expected return as follows:
E(ri)=rf+βi(E(rm)-rf)
=0.06+(1.882)(0.085)
=0.22
Finally we calculate the new piece of the security as follows:
P=D/E(ri)
=$7/0.22
=$31.81
The market price of the security is $31.81
Answer:
Explanation:
offered employment by Amazon, would you be legally eligible to begin employment immediately?
Legally eligible for employment could be explained as having the right to take up a job in a particular country, which means one should posses a work permit or visa which will allow one to work for an employer in US since AMAZON is in US.
.it should be noted that The applicant is considered eligible, if the applicant is available bin US when submitting it as a citizen or with work permit
Therefore, I'm eligible to begin work immediately, if I'm offered employment by Amazon, if I meet the above criteria, and we know Amazon is in US.
Answer:
the efficiency variance for variable overhead setup costs is $4,810 favorable
Explanation:
The computation of the efficiency variance for variable overhead setup costs is shown below;
= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45
= $11,330.6604 - $6,521.5384
= $4,809.12 favorable
= $4,810 favorable
hence, the efficiency variance for variable overhead setup costs is $4,810 favorable
