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irina1246 [14]
3 years ago
9

Wayman Corporation reports the following amounts in its December 31, 2021, income statement.

Business
1 answer:
MrRissso [65]3 years ago
6 0

Answer:

                          Wayman Corporation

                  Multiple-step income statement

Sales                                                              $425,000

Less: Cost of goods sold                              <u>$135,000</u>

Gross Profit                                                    $290,000

Operating Expenses

Salary Expenses                   $45,000

Utility Expenses                    $55,000

Advertising Expenses          <u>$35,000</u>

Total Operating Expenses                             <u>($135,000)</u>

Net Operating Income                                   $155,000

Other Income and Expenses

Interest expense                                               <u>$25,000</u>

Net Income before Tax                                   $130,000

Income tax expense                                         <u>$55,000 </u>

Net Income                                                       <u>$75,000</u>

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Answer:

5%

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Alpha = 0.24 - 0.06 - 1.3 (0.1) = 0.24 - 0.06 - 0.13 = 0.24 - 0.19 = 0.05 = 5%

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Answer:

73 months

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Explanation:

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=nper(rate,pmt,-pv,fv)

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3 years ago
In a 100-percent reserve banking system, if people decided to decrease the amount of currency they held by increasing the amount
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a M1 would not change.

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Answer:

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Imports:

Direction of change? (increase, decrease, no change)

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