Answer:
Debit : Cash $22,950
Credit : Common Stock $22,950
Explanation:
When shares were held sorely for investment, on date of sale, we simply record the cash proceeds and no gain on sale of shares is recognized.
Therefore, Cash Proceeds = $51 x 450 shares = $22,950
Answer:
The EAR of this arrangement is 22.24%.
Explanation:
The choice given by the store means that the present value of 52 weekly equal payment discounting at a weekly discount rate will be equal to the furniture price which is $1,520 ( as one year has 52 weeks). So, we apply the formula for calculating the present value of the annuity, with x denoted as discount rate as below:
1,520 = (32.33/x) * [1 - (1+x)^(-52)] <=> x = 0.387%.
As x = 0.387% is weekly rate, the EAR will be calculated as:
EAR = [ (1+0.387%)^(52) ] - 1 = 22.24%.
Answer :
Total maintenance cost allocated to the Carpentry Department = $2,000
Explanation :
As per the data given in the question,
The computation of the total maintenance cost allocated is shown below:
Total maintenance cost allocated to the Carpentry Department is
= (Maintenance fees ÷ total square feet) × Carpentry department square feet
=($12,000 ÷ 36,000) × 6,000
= $2,000
Basically we applied the above formula
And, this is the answer but the same is not provided in the given options
This is based on income. Income segmentation is when the consumers are segmented as per the yearly or regular income they are making. Income segmentation is best suitable for merchandises which are very exact, position and are valued high. It helps businesses to comprehend the relation between the making of a customer, the value being vacant by the company and the number of possible customers that a business can have.
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