Explanation:
The journal entry is as follows
Account payable A/c Dr $1,800
To Merchandise Inventory A/c $36
To Cash A/c $1,764
(Being the amount due is paid)
The computation is shown below:
For Account payable
= $2,000 - $200
= $1,800
For Merchandise inventory
= ($2,000 - $200) × 2%
= $36
And, the remaining balance is credited to the cash account
The goal of the political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
</span>Campaigns start anywhere from several months to several years before election day. The first part of any campaign for a candidate is deciding to run. Then c<span>andidates travel around the area they are running in and meet with voters.</span><span>
Campaigns focus on their get out and Vote efforts in the last days before the general election.</span>
Answer:
9.94%(Approx).
Explanation:
Retention ratio=1- payout ratio
=1-0.32
=0.68
Sustainable growth rate=(ROE*Retention ratio)/[1-(ROE*Retention ratio)]
=(0.133*0.68)/[1-(0.133*0.68)]
=0.09044/0.90956
=9.94%(Approx).
Answer:
The answer is option A). $6,710.60
Explanation:
The total amount Al miler will need to invest at the beginning to have the money in 15 years is known as the principal amount.
The formula for calculating the total amount after 15 years with interest compounded semiannually is as follows;
A = P (1 + r/n) (nt)
where;
A = the future value of the initial investment
P = initial investment amount/principal amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested for
In our case;
A=$29,000
P=p
r=10/100=0.1
n=interest is compounded semiannually which is twice a year=2
t=15 years
Replacing values in the formula;
29,000=p(1+0.1/2)^(2×15)
29,000=p(1+0.05)^30
29,000=4.322 p
p=29,000/4.322
p=$6,710
Al must invest $6,710 for him to have enough money for the new equipment in 15 years
Answer:
Total cash flow from operations $58.3 million
Explanation:
We can calculate the net cash flow effect from operating activities by making the following adjustments.
Net Income 53 m
Add: depreciation 4.1 m
Less: Gain on asset disposal (1.9 )m
Add: Reduction in receivables 2.5 m
Less: Reduction in payable (2.7)m
Add: Reduction in inventory 3.3 m
Total cash flow from operations $58.3 million
Gain on asset is part of the investing activities cash flow.
Hope that helps.
