Answer: $3,672,500
Explanation:
Based on the information given in the question, the debit to cash in the journal entry to record this transaction will be:
= $3,250,000 - ($3,250,000 × 4%) + ($3,250,000 × 9%)
= $3,250,000 - $130,000 + $292,500
= $3,672,500
Therefore, the debit to cash will be $3,672,500.
The formula is
C+ F-P divided by N then the fraction bar F+p divided by 2 that should get your answer
Answer:
4.8 times
76 days
Explanation:
Inventory Turnover is the numbers of times that an inventory is sold in a period. It shows that is there any excessive inventory available in respect to the current sales level.
Formula for Inventory Turnover
Inventory Turnover = Inventory Used during the year / Average Inventory
Inventory Turnover = 3,784 million / ( ( $855 + $717 ) / 2 )
Inventory Turnover = 3,784 million / $786
Inventory Turnover = 4.8 times
Number of days Sales is the numbers of days that a company takes to to be sold.
Numbers of Days Sales = 365 / Inventory Turnover ratio
Numbers of Days Sales = 365 / 4.8 = 76.04 = 76 days
Answer:
9.90%
Explanation:
The appropriate approach is to include the amount expected to kept in non-interest bearing account as part of the loan
total loan=$400,000/0.95= 421,052.63
Interest charge = 421,052.63*9%*6/12=$18,947.37
interest rate percentage=$18,947.37/$400,000=4.74%
Effective annual rate=(1+4.74%
/6)^12-1 =9.90%
By dividing by 6, the interest is expressed in monthly terms
By raising to the power of 12 , it is expressed in yearly terms
Answer:
Conflict
Explanation:
Please refer below the complete question, there were following options
functionalist
conflict
symbolic interactionist
agrarian
