Answer:
The transfer price is $540
Explanation:
Since the transfer pricing policy of Burt stipulates that transfers should be made at full cost and the full cost is $540, thus, the transfer price is $540.
Answer:
there's 29,500 left
Explanation:
71,000-46,500=34,500-5000=29,500
Answer:
14.08
Explanation:
Calculation for what is its ROE
Using this formula
ROE = Profit margin*Total asset turnover*Equity multiplier
Let plug in the formula
ROE=4*2.2*1.6
ROE=14.08
Therefore the ROE will be 14.08
Journal Entries:
Date Particulars Debit Credit
Jan. 1, 2019 Cash $100,000
Notes Payable $100,000
Dec. 31, 2019 Interest Expenses 7,000
Notes Payable 22,523
Cash 29,523
Dec. 31, 2020 Interest Expenses 5,423
Notes Payable 24,100
Cash 29,523
Dec. 31, 2021 Interest Expenses 3,736
Notes Payable 25,787
Cash 29,523
Dec. 31, 2022 Interest Expenses 1,931
Notes Payable 27,592
Cash 29,523
Note: It should be kept in mind that the Interest Expenses is calculated by taking the Balance of Notes Payable, and multiplying it with 7%.
Thanks!
Answer:
I would have to say that its probably gonna be B
Explanation:
that one seems most likely