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2 years ago

Waterway’s Market recorded the following events involving a recent purchase of merchandise:

Business

1 answer:

xz_007 [3.2K]2 years ago

3 0

Answer:

$73,561

Explanation:

The computation of inventory increased is shown below:-

Inventory increase = (Received goods - Returned goods) × (1 - 0.01) + Freight charges

= ($75,000 - $1,100) × 0.99 + $400

= $73,900 × 0.99 + $400

= $73,161 + $400

= $73,561

Therefore for computing the increased inventory we have simply applied the above formula.

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A corporation has $7,000,000 in income after paying preferred dividends of $500,000. The company has 1,000,000 shares of common

Finger [1]

Answer:

Price earning ratio= 8 times

Explanation:

Price earning ratio = Price per share /Earnings per share

Price per share = 56, EPS =?

Price per share =56, EPS = Total earnings available to ordinary shareholders/Number of shares

7,000,000/1,000,000= $7 per share

Price earning ratio = 56/7= 8 times

Price earning ratio= 8 times

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2 years ago

You plan to borrow $40,000 at a 6% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year pay

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Answer:

Interest for second year $2,114.08

Explanation:

given data

loan Amount = $40,000.00

Interest rate r = 6.00%

time period t = 7

solution

we get here first Equal Monthly Payment EMI that is express as

EMI = $\frac{P \times r \times (1+r)^t}{(1+r)^t-1}$ ................1

here P is Loan Amount and r is rate and t is time period

put here value and we get

EMI = $\frac{40000 \times 0.06 \times (1+0.06)^7}{(1+0.06)^7-1}$

EMI = $7165.40

now

we get here interest for second year that is

Closing balance at year 1 = opening balance + Interest - EMI Payment

Closing balance at year 1 = $40,000 + $2400 - $7165.40

Closing balance at year 1 = $35234.60

so Interest for second year $2,114.08

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2 years ago

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Wasssssupppp the answer will be B

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