Answer:
d. $7,032
Explanation:
The computation of the interest expense is shown below:
= Sale value of the bond × market interest rate ÷ 0.5
= $117,205 × 12% ÷ 0.5
= $117,205 × 6%
= $7,032
Simply we multiply the sale value of the bond with the market interest rate so that the accurate amount of the interest expense can come.
We divide it by 0.5 because as the number of months is 6 months and total months is 12. The six month is calculated from the January 1 to July 1
Sales promotion are the activities that are implemented to generate short-term excitement
Explanation:
Sales promotion are usually done to promote the sales value and to increase the volume of sales in the market. The connection that exist between the sales and the promotion is called as the personal selling
There are many types of sales promotion and they function essentially with the promotional mix of advertising and sales and the direct marketing and the public relations
The major goal of the Aspire test is to find gaps in students' knowledge
early on and help them get ready for college by tracking their results
and analyzing them looking for things that the students should work on.
Answer:
$307,390
Explanation:
Given that,
Cost of Goods Available:
= Beginning Inventory + Net Purchases
= $140,000 + $658,000
= $798,000
Cost of goods Sold:
= [(100 - Gross profit ratio) ÷ 100] × Sales
= [(100 - 29) ÷ 100] × $691,000
= $490,610
Ending Inventory:
= Cost of goods available - cost of good sold
= $798,000 - $490,610
= $307,390