Answer:
account receivable debit 110,500
sales revenue credit 110,500
freight-out debit 1,900
cash credit 1,900
COGS debit 66,300
inventory credit 66,300
Explanation:
the sales will be recorded as nominal, because there is no information about the customer taking the discount or paying within this period.
Because term are FOB shipping point, the freight corespond to shore Co
He is liable under negligence, which is the failure to take proper care or do something that is normally expected in the course of the work. As the owner of the business, he would have normally been expected to provide a safe hazard-free environment for customers.
Answer: Internal auditor
Explanation: Internal auditor refers to the audit professionals in an organisation. The internal auditor ensures that the operations of the business are within the boundaries of laws and regulations made.
In the given case, Morris was evaluating the financial statements and detected that employees funds are not managed as per the regulations. He also reports the violation to his supervisors.
Hence we can conclude that Morris is an internal auditor.
Answer:
A. 6,86%
Explanation:
We use the formula present value to future value and we clear the interest:
Present value(PV)=future value (FV)/ (1+interest(i))^number of periods(n)
PV=FV/(1+i)^n
(1+i)^n=FV/PV
(1+i)=(FV/PV)^(1/n)
i=((FV/PV)^(1/n))-1
For this problem:
i=(($17,000/$10,000)^(1/8))-1
i=0,6857
i= 6,86%
16% is the answer.
<u>Explanation:</u>
<u>The following is used in order to calculate the cost of the retained earnings.
</u>
The Calculation of cost of retained earnings by using bond yield plus the risk premium method
= Long term bond yield + the risk premium
The Long term bond yield = 12 percent
The risk premium = 4 percent
Cost of retained earnings = 12 percent plus 4 percent = 16 %
Therefore, the correct option will be with the 16 percent
.