Answer:
4%
Explanation:
Simple interest is calculated using the formula
I = p x r x t
in this case, the interest I is the total amount-principal amount
I = $50,000- $46,875
=$3,125
$3,125 = 46,875 x r x 1 year 8 months
$3,125 =46,875 x r/100 x 1.67
3125=78,281.25 x r/100
$3125 x 100 = 78,281.25 x r
$312500= 78,281.25
r=312500/78,281.25
r=3.992
r=4%
Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
As we know that
The income statement recognized only the income earned and expenses incurred of an organization
While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity
So according to the given options, the option A is correct
hence, the rest of the options would be incorrect
Based on the cost of producing the inventory by Scrooge, the consolidated inventory balance on December 31 will be $20,100.
<h3>What is the inventory balance for the consolidated entity?</h3>
This can be found as:
= Cost of inventory sold to Pilfer - Amount of goods sold
Solving gives:
= 67,000 x (1 - 70%)
= 67,000 x 30%
= $20,100
Find out more on consolidated inventory at brainly.com/question/15415717.
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Answer: A coffee shop that also sells pastries would be a secondary competitor for a bakery that sells pastries, among other products.
(took the test)
