Answer:
Net Sales
Gross Revenue $101,200
Less:
Sales Discount $288
Sales Returns <u> $1,000 </u> <u> $1,288</u>
Net Sales $99,912
Gross revenue = 83,200 + 18,000 = $101,200
Gross Profit
Net Sales $99,912
Less: Cost of Goods sold <u> ($52,747)</u>
Gross Profit $47,165
Cost of goods sold
= 44,797 - 600 + 8,550
= $52,747
The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.
Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.
<h3>Barter System</h3>
- The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.
- The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.
- The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.
Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.
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<u>Return on Investment</u> is the compensation companies receive for purchasing capital assets.
Capital assets are significant pieces of property like houses, automobiles, rental properties, stocks, bonds, and even antiques or works of art. A capital asset for businesses is an asset with a useful life of more than a year that is not intended for sale during normal company operations.
Your investments in the business are the time and money you devote to strengthening your company. The profit you receive from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is often defined.
Find out more about compensation
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Answer:
E. $40.68
Explanation:
The computation of the stock worth today is shown below:
= (Dividend in year 1 ÷ 1 + required rate of return^number of years ) + (Dividend in year 2 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) × (1 + growth rate) ÷ (required rate of return - growth rate)
= $1.2 ÷ 1.14 + $1.5 ÷ 1.14^2 + $2 ÷ 1.14^3 + $2 ÷ 1.14^3 × (1 + 10%) ÷ (14%-10%)
= $40.68
We simply applied the above formula
Answer: Purchasing a diamond represents <u>Extensive problem solving </u>because consumeres buy diamonds infrequently and have no estabilished criteria for evaluating them
Explanation:
<u>Extensive problem solving is </u>the process of a customer trying to get all the information they need in order to be able to buy a product . This is likely to occur when the customer is purchasing a product that they have not bought before.
