Answer:
The amount received in cash is $686
Explanation:
The amount which is received in cash is computed as:
On June 20, the amount of $300 goods returns from customer, so the remaining balance is
= $1,000 - $300
= $700
On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is June 24. So,
= $700 x (100% - 2%)
= $ 700 x 98%
= $ 686
Answer:
56.47% is the current share price
Explanation:
To solve this question, we use the mathematical approach.
First, we calculate the current share price =
$8.45*Present value of annuity factor(11.2%,13)
But before we can get the value for the current share price, we need the value for the present value of annuity factor.
Present value of annuity factor = Annuity[1-(1+interest rate)^-time period]/rate =
8.45[1-(1.112)^-13]/0.112=
= $8.45*6.682519757 = 56.47%
Answer:
$60,000
Explanation:
The amount of overheads which shall be allocated to the three projects shall be determined using the following mentioned formula:
Overhead amount=overhead rate* direct labor costs
In the given question
overhead rate=60%
direct labor costs=$100,000
Overhead amount=60%*100,000
=$60,000
Answer:
The given case is a Civil Matter case.
Explanation:
Civil cases often involve individuals or organizations such as companies, generally regarding disputes over money - or any species of capital. A case of civil matter usually begins when one person or business - the plaintiff -claims to have been prejudiced by the actions of another individual or organization - the defendant. The plaintiff then requests the court for deliverance by filing a complaint and starting a court case. The plaintiff may ask the court: 1. To award damages (money compensation); 2. For an injunction, to limit or require compulsory actions from the defendant; 3. To issue a declaratory judgment, in which the court determines the parties' rights under a contract or statute.
Eventually, to mitigate the case, the court - a judge or a jury - will determine the facts of the case and apply the appropriate legislation to it. Then, the court - or jury - will determine which legal consequences will occur given the parts' conducts.
