Answer:
Interest= $90
Explanation:
Giving the following information:
Initial investment= $3,000
i= 3%
Number of periods= 1
<u>First, we need to calculate the future value, using the following formula:</u>
FV= PV*(1+i)^n
FV= 3,000*1.03= $3,090
<u>Now, the interest earned:</u>
Interest= 3,090 - 3,000
Interest= $90
Answer:
b
Explanation:
manic episodes can lead to obsessive behavior
Answer:
$6,000
Explanation:
The net operating income will increase by $6,000;
$70,000*30%-$15,000=$6,000
As the CM ratio is 30% and $15,000 are fixed expenses,net result will be increase in net operating income.
Answer:
fees paid at the end of a real estate transaction.
Answer:
The Adjusted Cost of Goods Sold for the year is $926,000
Explanation:
The formula to compute COGS is:
Ending inventory = Opening inventory + Work in progress - Unadjusted COGS (Cost of Goods Sold)
$ 23,000 = $28,000 + 918,000 - COGS
COGS = $946,000 - $23,000
= $ 923,000
The formula to compute the Adjusted Cost of Goods Sold is:
Adjusted Cost of Goods Sold = Unadjusted Cost of Goods Sold + Under- applied overhead
= $923,000 + $3,000
= $926,000
