Answer:
The Journal entries are as follows:
(i) On September 30,
Cash A/c ($6,000 + $300) Dr. $6,300
To Sales $6,000
To sales tax payable $300
(To record sales and 5% sales tax payable)
(ii) On September 30,
Cost of goods sold A/c Dr. $3,900
To merchandise inventory $3,900
(To transfer the cost to the finishing department)
(iii) On 15th October,
Sales tax payable A/c Dr. $300
To cash $300
(To record remittance of sales tax to the state government)
An inside director.
An inside director is someone who sits on the board of directors and is also an employee of the company (some board members are external non-employee advisors).
Answer:
the first one at the left goes with the third one on the left.
the second on the left goes with the second one .
the third one goes with the first one
and the last one goes with the last one
Answer:
Since the NPV is positive, it is a profitable investment.
Explanation:
Solution
Given that:
The initial investment of $100 would be considered as an outflow.
The inflow for the next three years will be =$50
The discount rate r = 0.2
To find or determine the probability of the investment, discount the future of outflows and inflows. the following formula is applied or used to find the present value of inflows
PV = FV/(1 + r )^k
Where
PV = present value
FV =future value
r = discount rate
k = time period
Now,
For k =1
PV = 50/(1 + 0.2)
=$41.67
So,
PV for k = 2 is $34.72 and for k =3 is $28.94
Thus,
The net present value can be calculated by the difference between the outflows and total inflows
NPV =$100- ($41.67 + $34.72 + $28.94)
=$5.33
Answer:
$30848.75 cause it already rounded to the nearest penny
Explanation:
First have to find the interest.
Interest = principal * rate * time
Principal ( money borrowed) = $29000
Rate =8.5% or 
or 
Time = 9 months which in this case will be 
years since the time is calculated in years.
Interest = 
= 
= 
= $1848.75
Now to find the amount Wet Dog will pay you have to add the interest to the Principal.
Amount = $29000 +$ 1848.75
= $30848.75
