Answer:
The predicted sales revenue for 2017=$501,334.008
Explanation:
If something reduces at a constant rate over a specified period of time, then it can be represented using an exponential function as follows;
y=a(1-r)^x, or y=ab^x
where;
y=final sales revenue after the reduction
a=initial sales revenue before the reduction
1-b=reduction factor
x=time interval
In our case;
y=$590,000
a=$780,000
1-r=b=unknown
x=2011-2000=12 years
replacing;
590,000=780,000.b^12
b^11=590,000/780,000=0.756
b=0.756^(1/12)
b=0.977
r=1-0.977=0.023
Determine predicted sales revenue;
y=ab^x
y=sales revenue in 2017
a=sales revenue in 2011=$590,000
b=0.977
x=7 years
replacing;
y=590,000(0.977)^7
y=$501,334.008
The predicted sales revenue for 2017=$501,334.008
Answer:
Debit Cash $1,114
Credit Sales $1,114
Debit Cost of merchandise sold $779
Credit Merchandise inventory $779
Explanation:
Based on the information given the correct journal entry(is):
Debit Cash $1,114
Credit Sales $1,114
Debit Cost of merchandise sold $779
Credit Merchandise inventory $779
Answer:
Option (A) and (D) are correct.
Explanation:
When there is an enforcement by the government for rent control and force landlords to lower the apartment price below the equilibrium level.
This means that there is a fall in the price of apartments then this will lead to increase the demand for apartments by the consumers. Therefore, demand for apartments exceeds the supply of apartments. It will be less profitable for the suppliers to increase the supply of apartments. Hence, this will lead to fall in the quality of apartments because landlords are less interested in the maintenance of the apartments.
Lower price of apartments also results in black market. Most of the landlords are trying to fool the government and charge higher prices from the consumers. This will be done with no proper paper work and legal documentation. So, there is a creation of black market.
Explanation:
The given question cannot be answered as little information is provided. However it shall be an amount if $21,580,000. For, complete analysis we need to understand the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.
Therefore, to determine a more detailed answers more inputs are needed.
Answer: ke = D1/Po + g
0.1025 = D1/57.50 + 0.06
0.1025-0.06 = D1/57.50
0.0425 = D1/57.50
D1 = 0.0425 x 57.50
D1 = $2.444
Explanation: Cost of equity is equal to dividend in 1 year's time divided by the current market price plus the growth rate. Other variables were provided in the question except the dividend at the end of the year (D1).
Thus, D1 becomes the subject of the formula. The appropriate cost of equity is $2.44. The correct answer is B.
