Answer:
The amount of account payable on October 31, 2015 would be $25,000.
Explanation:
Given information -
Opening account payable balance on October 1 - $40,000
Purchase made in the month of October is - $33,000
Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,
$40,000 + $33,000
= $73,000
Now it is given that Padilla industries have made some payments on account - $48,000
Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )
$73,000 - $48,000
= $25,000
Answer:
The correct answer is option c.
Explanation:
Derived demand can be defined as demand for a good or service which is based on the demand for another good or service. The demand for factors of production is derived from or depend upon the goods and services they are used to produce.
So the demand for factors of production is termed as derived demand, as it depends upon the consumer's demand for a good or service.
So if the demand for a good decrease, the demand for the factors of production used in its production will decrease as well.
Answer:
Missing word <em>"Final shares=? Net asset value=?"</em>
Final shares is computed as follows:
= (Amount invested / NAV per share) * (1 + Fund appreciation)
= ($50,000 / $ 1) * (1 + 0.014)
= $50,000 * 1.014
= $50,700
As know that this is a Money Market Mutual Fund, hence the Net asset value of this fund at the end of the year will be also $1.
Answer and Explanation:
The computation of the gain recognized and the tax that should be paid is shown below
Sale of share(10 × 8 × $22) $1,760
Less: basis (10 × 8 ×$15) $1,200
The gain realized $560
Now the tax would be
= $560 × 15% preferential rate
= $84