Answer:
Dr Cash $5,684
Dr Sales discount $116
Cr Accounts receivable $5,800
Explanation:
The fact that the invoice was settled on September 18, confirms that the payment on the sale of merchandise was received by Vander company during the period,hence Jepson company is entitled to the applicable discount of 2%.
The amount cash received is $5,800*(1-2%)=$5,684.00
The appropriate journal entries include a debit to cash of $ 5,684, a debit sales discount of $116($5800-$5,684) as well as a credit to account receivables of $5,800
Answer:
The answer is below
Explanation:
a) The dividend growth rate is given as D2/D1 - 1
Year Dividend Growth rate
1 $1.25
2 $1.33 ($1.33/ $1.25 - 1) 6.4%
3 $1.4 ($1.4/$1.33 - 1) 5.26%
4 $1.51 ($1.51/$1.4 -1) 7.86%
The arithmetic average growth rate is the average of all the growth rates.
Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%
The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate
The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%
b) The geometric growth rate is given as:
geometric average growth rate =
The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%
The consumer protection administrative organizations battle to guarantee that people are dealt with decently, get the important data to settle on educated choices, are secured against item dangers and can utilize lawful response if necessary. Certain sorts of items draw in more direction because of their higher danger of customer damage or passing, for example, nourishment, meditates, kids' items, and cars.
The following are the five private organizations that ensure consumer rights:
<span>Consumer Financial Protection Bureau (CFPB)
</span><span>Consumer Product Safety Commission (CPSC)
</span><span>Federal Trade Commission (FTC)
</span><span>Food and Drug Administration (FDA)
</span><span>National Highway Traffic Safety Administration (NHTSA)</span>
Answer:
B. $6,000,000
Explanation:
Since in the question, it is given that the fund generates additional one-tenth of 1% of portfolio return
In mathematically,
= One-tenth × rate of return × asset value
= 0.10 × 0.01 × $6,000,000,000
= $6,000,000
Here one-tenth is 0.10 and 1% is 0.01. We simply multiply the value of the asset to the given percentage
Answer:
total cost = $22
Explanation:
given data
assistant coach earn = $13 per hour
admission fee = $9
solution
we get here total cost of skipping practice and going to the carnival is express as
total cost = assistant coach earning + admission fee .....................1
because here he losses a hour in work and additionally spending in carnival
so now put here value in equation 1 we get
total cost = $13 + $9
total cost = $22
