Answer:
$6414.27
Explanation:
P= C ( 1+r )^t
Where C = $2000, r =6% and t = 20years
P = 2000 ( 1 + 6/100 )^20
P = 2000 ( 1+0.06 )^20
P = 2000 ( 1.06 )^20
P = 2000×3.20713
P = 6414.2709
P = $6414.27
Answer:
August 1
Dr Legal Expense $9,600
Cr Common stock $8,000
Cr Paid Capital $1,600
August 15
Dr Cash $78,000
Cr Common stock $50,000
Cr Paid in Capital $28,000
October 15
Dr Land $51,000
Cr Common stock $30,000
Cr Paid in Capital $21,000
Explanation:
Preparation of the journal entries to record the stock issuances on August 1, August 15, and October 15.
August 1
Dr Legal Expense $9,600
Cr Common stock $8,000
(800 shares*$10 par value)
Cr Paid Capital $1,600
($9,600-$8,000)
(To record stock issuances)
August 15
Dr Cash $78,000
Cr Common stock $50,000
(5,000shares*$10 par value)
Cr Paid in Capital $28,000
($78,000-$50,000)
(To record stock issuances)
October 15
Dr Land $51,000
Cr Common stock $30,000
(3,000shares*$10 par value)
Cr Paid in Capital $21,000
($51,000-$30,000)
(To record stock issuances)
It is not possible that she spent $320 for the second purchase, this is because the prices of the books and the video games did not change.
In her first purchase, Marrillia bought 4 books and 3 videos and in her second purchase, she bought double of the products she bought in the first purchase, that is, 8 books and 6 videos. Since there is no price change in the products, Marilla must have spend $360 [$180 * 2] in her second purchase.
Answer:
rate of return on investment = 52.4%
Explanation:
<em>The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.</em>
The formula is FV = PV × (1+r)^(n)
PV = Present Value- 1,400
FV - Future Value, - 2,134
n- number of years- 1
r- interest rate - ?
2,134 = 1,400× (1+r)^(1)
(1+r)^(1) = 2,134/1,400
r= 1.5242 - 1
r = 0.524
× 100 = 52.4%
r= 52.4%
rate of return on investment = 52.4%
Answer: Relationship selling
Explanation:
Stuart in his sales transaction with Fortune 500 company, is carrying out relationship selling, where the seller tries to make sales by creating a friendly relationship with their buyers. Relationship selling helps the buyer to easily relate with the seller, thereby making sales very easy to transact.