Answer:
Instalment receivables (net) of $2,905,600 is the correct answer.
Explanation:
Instalment Receivables ($5,000,000 - $460,000) = $4,540,000
Deferred gross profit ($1,800,000 - $165,600) = $1,634,400
Instalment Receivables (Net) = $2,905,600
Answer:
b. 2
Explanation:
The computation of the money multiplier is shown below:
Money multiplier is
= (1 + currency deposit) ÷ (reserves + currency deposits)
= (1 + 0.80) ÷ (0.10 + 0.80)
= 1.8 ÷ 0.9
= 2
hence, the money multiplier is 2
Therefore the correct option is b. 2
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
$126,000
Explanation:
Given:
Total outstanding stocks = 600,000
Price per share of common stock = $2
Number of preferred stock = 120,000
Interest rate = 8%
Stock Value = $5
Outstanding year = 3
Total Amount of preferred stock = Principle × Rate × Time
or
Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000
Since,
The preferred stock value is more than the amount distributed
Hence,
the total amount distributed i.e $126,000 will be received by the preferred stockholders
Based on the options given, the answer is d.get involved in extracurricular activities.
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