Here is the answer. When journalizing a transaction, and a short explanation is written, this is called a MEMORANDUM. This is <span>a form on which a brief message is written describing a transaction. Hope this answers your question. Have a great day!</span>
Answer:
Explanation:
Under the Uniform Securities Act, the agent should not take custody of the securities but should have the customer send the securities directly to the brokerage firm by registered mail or delivery service. The agent should never take custody of physical security assets since many unfortunate events can occur which may result in the loss of those assets. Therefore sending it by registered mail would be the safest and fastest option will still maintaining the responsibility of those assets to the owner.
Answer:
Sales Revenue = 441,000
COGS 4,900 x 38 = 186,000
Gross Profit 254.800
Selling variable 4,900 x 2 = 9,800
Selling and administrative 65,200
Net Income 179,800
Explanation:
Sales
4,900 x 90
COGS
Fixed 78,000/6,000 = 13
Variables 25
Unit cost 38
4,900 x 38 = 186,200
Selling variable
4,900 x 2 = 9800
Answer:
The monthly payments are calculated below.
Explanation:
Total monthly instalments= 15,000-3,750
=11,250
Amount payable at 24% annual financing;
A=P (1+r/100)n
=11,250(1+24/100)30/12
=$642
FV=PV (1+r)n
i) FV=12,000*(1.08)16
= $41,111
ii) FV =16,000*(1.05)15
= $33,263
iii) FV =29,000*(1.11)12
= $101,455
iv) FV =49,000*(1.04)7
= $64,481
