Answer:
$714,796.28
Explanation:
The computation of the dollar cost of the CHF1,000,000 is shown below:
= Number of Swiss francs buys ÷ banker quotes bid–ask rates
= 1,000,000 Swiss francs ÷ CHF 1.3990/USD
= $714,796.28
Simply we divide the Number of Swiss francs buys by the banker quotes bid–ask rates so that the dollar cost of the CHF1,000,000 could come.
Answer:
A loss on sale of $5,000
Explanation:
Calculation to determine what the company should record at the time of sales
First step is to calculate the Book value as on date of sale using this formula
Book value as on date of sale=Cost-Accumulated depreciation
Let plug in the formula
Book value as on date of sale=87,000-40,000
Book value as on date of sale=$47,000
Based on the above calculation the sale proceeds is lower than the book value as on date of sale which indicate a loss
Hence:
Loss =($47,000-$42,000)
Loss=$5000
Therefore At the time of sale, the company should record: A loss on sale of $5,000.
Answer:
net sales for the period by Bear's Retail Store: 11,515.8
Explanation:
From the sales revenues we will subtract the returns and discounts.
sales revenues
530
4,900
<u> 6,900 </u>
12,330
sales returns
690 (6,900 for 10 items the custoemr returns 1 item)
<u><em>sales discount on Nancy </em></u>
(6,900 - 690) x 2% = 124.2
net sales: 12,330 - 690 returns - 124.2 discount = 11.515,8
Answer:
b. decrease in the stock of capital due to wear and tear.
Explanation:
Depreciation is a reduction in the value of an asset over time, due in particular to wear and tear.
Depreciation is the gradual decrease in the economic value of the capital stock of a firm, nation or other entity, either through physical depreciation, obsolescence or changes in the demand for the services of the capital in question.
The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This decrease is measured as depreciation. ... Machinery, equipment, currency are some examples of assets that are likely to depreciate over a specific period of time.
Answer: An economic problem is basically the problem of choice. Due to scarcity of resources, the problem which arises before an individual consumer also arises collectively before an economy.
Explanation: Yw and pls mark me as brainiest