Answer:
Food Suppliers journal entry to record the collection on the maturity date is,
Debit Cash $7,105;
Credit Interest Revenue $105; Credit Notes Receivable $7,000
Explanation:
The journal entry to record the collection at the maturity date would be,
Account Title Debit Credit
Cash $7,105
Interest Revenue $105
Notes Receivable $7,000
Interest revenue would be calculated as,
7000 * 6% = $420 would be the interest in one year on the note. Since it is a 90-day note,
420 / 4 = $105
On the maturity date, Food supplier will record the collection of cash which is the amount of interest + the worth of merchandise bought. (105+7000) = $7105
Answer:
$5,600
Explanation:
Data provided in the question:
Number of units of inventory sold = 400 units
Selling cost of the inventory = $40 each
Original cost of the inventory = $26 each
Now,
Total inventory cost of the units sold = 400 × $26
= $10,400
Total selling cost of the inventory sold = 400 × $40
= $16,000
Therefore,
Elenor’s gross profit on this transaction
= Total selling cost of the inventory sold - Total inventory cost of the units sold
= $16,000 - $10,400
= $5,600
Answer:
risk premium is 4%
Explanation:
given data
investment = $100000
rate = 5%
rate = 4 %
cash flow = $9000
to find out
What is the risk premium
solution
we know here invest is done in more return so risk is always here taht is risk premium and invest here $100000 with 5 % so
return of investment is $5000
so here rate of investment is 5 %
and
we have given same amount cash flows of $9000 per year
so rate of investment will be 9%
so here
risk premium will be 9% - 5%
so risk premium is 4%
Answer:
To increase the opportunity for brokerage, contacts can be made with the people of the same profession in other companies via professional meetings.
Explanation:
A broker acts as a mediator between an investor and a securities exchange. He helps in the buying and selling of businesses. Brokerage is a commission charged by a broker.
To increase the opportunity for brokerage, contacts can be made with the people of the same profession in other companies via professional meetings.
Answer:
the percentage in which the price of the dozen eggs rise is 89.58% or 90%
Explanation:
The computation of the percentage in which the price of the dozen eggs rise is shown below;
Percentage Change in Dozens egg price is
= (Price in 2017 - Price in 2000) ÷ Price in 2000 × 100
= ($1.82 - $0.96) ÷ $0.96 × 100
= 89.58% or 90%
Hence, the percentage in which the price of the dozen eggs rise is 89.58% or 90%