Answer:
$46.8
Explanation:
The shoe is worth $85. You pay a deposit of $40. The balance is $45.
So $45 is charged at 8% interest for six months.
Simple interest I= p x r x t
In this case, p is $45,
r is 8%
t= 6 months or 0.5 years
I = $45 x 8/100 x 0.5
I= $45 x 0.08 x 0.5
I=$1.8
The total amount owed will be $45 + $1.8
=$46.8
Answer:
true
Explanation:
long term means it will be used for a long time thus if the price is not constant and keeps rising it wont be effective
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Answer:
$ 142,800.00
Explanation:
The ending inventory can be computed by rearranging the cost of goods sold formula:
cost of goods sold=Beginning inventory+net purchases-ending inventory
ending inventory=beginning inventory+net purchases-cost of goods sold
beginning inventory is $92,000
Net purchases=purchases-discount+freight-in charges-purchase return
net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00
cost of goods sold is $372,000
ending inventory=$92,000+$422,800-$372,000=$ 142,800.00