Answer:
Option C,$209,000 is the correct answer.
Explanation:
The total value of inventory purchased comprises of invoice price plus shipping cost,less allowance for flawed pieces as well as the cash discount received as shown computed below:
Invoice price $220,000
shipping cost $20,000
purchase allowance for flawed pieces ($20,000)
Cash discount 5%*(220,000+20000-20,000) ($11,000)
Total value of inventory purchased $209,000
The cash discount was taken because payment was made within the discount period
Answer:
Cost of Earnings = (Dividends per share for next year ÷ Current market value of the stock) + Dividend growth rate
= 8.42 %
Explanation:
See Attachment
Answer:
True
Explanation:
Collateral is an asset used as a guarantee or security for the payment of a loan. It assures the lender that a borrower will pay back the loan.
If an entrepreneur applies for a business loan, the bank will most likely demand collateral. The entrepreneur will need to offer an asset, either property or motor vehicle, that will act as a guarantee for the loan. Should the entrepreneur fail in repayment, the bank can sell the asset to recover their money.
Few, if any, will lend anyone money based on a business idea alone. Many banks will demand a business proposal to be backed with some guarantee to secure funding.
Well there are many decisions you can make with your money such as use it for a good cause or use it for reckless things. You could give to charity or just do nothing with it. It really depends
If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".
<u>Answer:</u> Option D
<u>Explanation:</u>
In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44%
as illustrated below:
4.4 = (% quantity change) / (% price change)
4.4 = x / 10
x = -4.4 (10) = -44% here negative sign shows decline in quantity required.
