That’s just not even remotely correct
Answer:
11.41%
Explanation:
Discount rate = 11%, M = 120 days = 3 month
Effective rate = [(1 + 11% / 3)^3] - 1
Effective rate = [(1 + 0.11/3)^3] - 1
Effective rate = [(1 +
0.0366667)^3] - 1
Effective rate = [(1.0366667)^3] - 1
Effective rate = 1.1140827371 - 1
Effective rate = 0.1140827371
Effective rate = 11.40827371%
Effective rate = 11.41%
Answer: option B is correct
Explanation: In simple words demand deposit is similar to those funds held in a checking account. Demand deposits serves as the base of the money supply of the country.
Demand deposit can be computed using following formula :-
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Answer:
a. $8,900
b. $7,200
c. $2,300
d. $850
Explanation:
<u>Goods Available For Sale Calculation :</u>
Beginning inventory 5,000
Add Net Purchases 3,900
Goods Available For Sale 8,900
<u>Cost of Goods Sold Calculation :</u>
Goods Available For Sale 8,900
Less Ending Inventory (1,700)
Cost of Goods Sold 7,200
<u>Gross Profit Calculation :</u>
Net Sales 9,500
Less Cost of Goods Sold (7,200)
Gross Profit 2,300
<u>Net Income Calculation :</u>
Gross Profit 2,300
Less Expenses (1,450)
Net Income 850
