Answer:
3) 5,611.86
4) 173.62
5) 47099.47
6) 410.64
7) 45618.7
Explanation:
3) Answer : 5300(1.029)^2 = 5,611.86
4) Answer : 100(1.082)^7 = 173.62
5) Answer : 18,100(1.136)^7.5 = 47099.47
6) Answer : 270(1.15)^3 = 410.64
7) Answer : 43,000(1.03)^2 = 45618.7
Answer:
The correct answer is (D)
Explanation:
Company's normally at the end of every year give sale offers to their customers to increase their sales revenues and clear the remaining inventory. Sales usually attract buyers because of the new sale price of commodities. Joseph wanted to buy one tire but instead, he took advantage of a sale deal. The decision to take the deal is based on the new sale price of the tires.
"I', "ME", and "My" are the answr
<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
Answer: 2%
Explanation:
The Capital Asset Pricing Model (CAPM) can be used to calculate expected value as thus;
= Risk free rate + beta (Market return - risk free rate)
= 5% + (-0.3) (15% - 5%)
= 5% - 3%
= 2%
