Answer:
E) $54,700
Explanation:
Cash Balances are determined from Cash Budgets. Thus Prepare a cash Budget as follows :
November
Receipts :
Cash Sale (70%×165,000) $115,500
Credit Sale - October (20%) $39,000
Credit Sale - September (9%) $13,500
$168,000
Payments :
Purchases ($135,000×98%) ($132,300)
Cash disbursements ($36,000)
($168,300)
<u>Reconciliation of Balances</u>
Net Cash Movement ($300)
Opening Balance $55,000
Closing Balance $54,700
Answer: Uneven Development
Explanation:
South Korea is one of the success stories of the last century. After the Korean War devastated large parts of the Korean peninsula, foreign aid poured in and the people embraced development fully. This led to the development of large corporations such as Samsung making vast amounts of money and giving everyone there a high standard of living.
Guatemala on the other hand has been ravaged by poverty and poor living conditions for a long time resulting from a bloody civil war that lasted for decades. This led to gangs been formed to compete for resources as well as illegal activities being carried out such as drug trafficking. This only made things worse.
These are 2 countries are a prime example of how countries in the world are experiencing Uneven Development. How in one nation the standards of living are high and people are safer but on the same planet and in another nation people are living in abject poverty and fearing constantly for their lives.
Answer:
interest rates rise and truck prices rise.
Explanation:
When making a purchase businesses want to go for the best deal they can get at the lowest price.
In making the purchase of the truck if interest rate rises it means that the cost of borrowing money has increased. The business will incur higher cost to obtain funds to buy the truck so this will discourage them from buying.
Also when the price of the truck rises above previous expectation, the business is less likely to buy the truck because the increased cost will negatively affect the business bottom line.
Answer: 27 times
Explanation:
Market price of common stock = $67.50
Net income = 150,000
Weighted average number of common shares outstanding = 60,000
Value of each shares = 150,000 / 60,000 = $2.5 per share
The price Earnings ratio will then be:
= market price per share / earnings per share
= $67.50 / $2.50
= 27 times