Answer:
$260,000
Explanation:
Opening balance = Ending balance - Increase in ending balance
=$66,000 - $10,000
=$56,000
Supplies Expenses = Opening balance + Purchases - Closing balance
=$56,000 + $270,000 - $66,000
=$336,000 - $66,000
=$260,000
Therefore, the amount that will be the adjusting entry to supplies expenses is $260,000
Answer:
9.85%
Explanation:
Data provided in the question:
Initial Offer price = $23.45
Current NAV = $22.28
Dividends and capital gains distributions over the year = $1.09 per share
Now,
Holding period return
= [Current NAV + Dividends and capital gains distributions - Initial Offer price ] ÷ Initial Offer price
= [ $24.67 + $1.09 - $23.45 ] ÷ $23.45
= $2.31 ÷ $23.45
= 0.0985
or
= 0.0985 × 100%
= 9.85%
Answer:
2 years and 6 months
Explanation:
after 6months
$1,000 x 10% = $100
$1,000 + $100 = $1,100
after 1 year
$1,100 x 10% = $110
$1,100 + $110 = $1,210
after 1 year and 6 months
$1,210 x 10% = $121
$1,210 + $121 = $1,331
after 2 years
$1,331 x 10% = $133.10
$1,331 + $133.10 = $1,464.10
after 2 years and 6 months
$1,464.10 x 10% = $146.41
$1,464.10 + $146.41 = $1,610.51
For me ,I will not taking cash advance on my credit card
Answer:
1. The world is shifting to electric vehicles
2. The business is over the profitability hump
3. Optionality could lead to massive new sources of revenue
Explanation
THE EXPLANATION FOR NUMBER 1: In the first half of 2021, global electric vehicle (EV) sales were 2.6 million units. It doesn't sound like a lot. But unit growth was up 160% over the same period last year. That's more than six times faster than the overall auto market.
THE EXPLANATION FOR NUMBER 2:In 2017, famed investor Jim Chanos said about Tesla: "We think the equity is worthless." As silly as the projection looks in hindsight, Tesla CEO Elon Musk has since admitted that the company was about a month away from bankruptcy at the time. Those days are long gone. The company is now solidly profitable with industry-leading gross margins.
EXPLANATION FOR NUMBER 3:
While the company should be praised for the turnaround, many shareholders have their eyes fixed on new markets the company could disrupt. Led by sanguine analysis from Cathie Wood's ARK Invest, and the stock's inclusion in several of ARK's high-profile exchange-traded funds, Tesla now sports a market capitalization of $777 billion.
hope this helps sorry this is alot
