Answer:
$ 15,480
Explanation:
Data provided:
Beginning merchandise inventory = $ 52000
merchandise purchased = $ 280000
Freight charges = $ 9000
Returned merchandise = 4000
Discounts provided = 2/10 = 0.2 = 2%
thus,
for purchase merchandise, total discount = (Purchased - returned) × 2% = = (280000-4000) × 0.2 = $ 5520
Thus,
the cost of goods available for sale = (Beginning merchandise inventory + merchandise purchased + Freight charges - Returned merchandise - Discounts provided )
or
the cost of goods available for sale
= $52000 + $280000 + $9000 - $4000 - $5520 ) = $ 331,480
Also, Cost of goods sold = $ 316000
Hence,
The ending inventory = cost of goods available for sale - Cost of goods sold or
The ending inventory = $ 331,480 - $ 316000 = $ 15,480
Answer: 47.7%
Explanation:
Given Data:
Tax rate = 50% for $50,000
25% for $50,001 - 75,000
Clumsy chihuahua taxable income = $55,000
Therefore:
Clumsy chihuahuas taxable income puts him in the 25% tax rate
His first $50,000 incoming would be taxed using 50%
= 0.5 * $50,000
= $25,000
And the remaining $5,000 would be taxed using 25%
= 0.25 * $5000
= $1,250
Tax = $25,000 + $1,250
= $26,250
$26,250 / $55,000 * 100
= 0.477 * 100
= 47.7%
Though he falls on the 25% taxable income rate he would pay 47.7% from his income as tax:
Answer:
Number of shares to be used is 5,180,000 shares
Explanation:
The options provided in the question are in Dollars yet we need a number so the options are not for this question making them incorrect for the question.
4,500,000+200,000+480,000 =5,180,000 Number of outstanding shares
diluted EPS will of course take into account the effect of the bond.
Answer:
The bond's expected capital gains yield is zero.
Explanation:
When the fixed coupon rate of a bonds differs from the market rate, the market price changes to adjust the yield to market rate.
The bond's yield to maturity is above 9%.
The bond's current yield is above 9%
FALSE as it is at par is neither above or below
If the bond's yield to maturity declines, the bond will sell at a discount.
FALSE
As rate is determinated as return/price = rate
to decrease rate given the coupon rate is fixed the price should increase not decrease.
The bond's current yield is less than its expected capital gains yield.
The bond's expected capital gains yield is zero.
The capital gains are the difference in price of the bonds
As this bond is being sale at par there are no variation thus, zero capital gains.
Answer:
B) increased nominal GDP from last year, but real GDP was unaffected.
Explanation:
Nominal GDP includes the total production of final and legal goods and services at current prices.
So Harry's Pizzas will increase the nominal GDP ($120,000 ˃ $100,000) but since we do not know the inflation rate, we can not determine how the real GDP was affected.