Answer:
Option (b) is correct.
Explanation:
Given that,
During March, office supplies purchased on account = $5,000
On March 1, the balance in the supplies account = $350
On March 31, supplies on hand = $310
Therefore,
$310 should appear on the company's March 31 balance sheet as Supplies.
Company's March income statement as Supplies Expense:
= Supplies, as on March 1 + Purchases - Supplies, as on March 31
= $350 + $5,000 - $310
= $5,040
Answer:
Price of chicken in Japan is ¥250
Explanation:
Nominal Exchange Rate is 100 yen per dollar
it can be written as 1 dollar per 100 yen or $0.01 per yen
Real Exchange Rate = (Nominal exchange rate × Price of the foreign basket) ÷ (Price of the domestic basket)
We take Japan as the foreign country
Lets assume the price of one pound chicken in Japan as equal to Q
<h3>1 = (0.01 × Q)/2.5</h3><h3>1 = (0.01Q)/2.5</h3><h3>1(2.5) = 0.01Q</h3><h3>2.5 = 0.01Q</h3><h3>2.5/0.01 = Q</h3><h3>250 = Q</h3>
Price of Chicken in Japan is ¥250 per pound
Answer: $321,020
Explanation:
The cash flow is expected to grow at a rate of 8%.
This means that in the next year it will be 8% higher than the $297,241 it is in the current period.
= 297,241 * ( 1 + rate)
= 297,241 * ( 1 + 8%)
= $321,020
Answer:
class A stocks
Explanation:
in 5 years, class A stock will be worth = $30 x (1 + 6%)⁵ = $40.15
in 5 years, class B stock will be worth = $20 x (1 + 12%)⁵ = $35.25
now we need to determine the present value if each stock:
class A stock present value = $40.15 / (1 + 8%)⁵ = $27.33
class B stock present value = $35.25 / (1 + 8%)⁵ = $23.99
since the present value of class A stock is higher, then the engineers should select that type of stocks.
Answer and Explanation:
A bond premium which is payable on bond is amortized will be amortized with a charge to the premium and an a good representative for intrigue cost, lessening it. On the off chance that amortization isn't recorded, intrigue cost isn't appropriately decreased and is exaggerated. The exaggeration of intrigue cost will bring modest representation of the truth of net gain and a modest representation of the truth of value