Explanation:
On the books of Shore Co
Cash A/c Dr $111,560
Sales discount A/c $2,240 ($11,2000 x 2%)
To Accounts receivable A/c $113,800 ($112,000 + $1,800)
(Being cash is received)
On the books of Blue star
Accounts payable A/c Dr $113,800 ($112,000 + $1,800)
To Merchandise inventory A/c $2,240 ($11,2000 x 2%)
To Cash A/c $111,560
(Being cash is paid)
Answer:
0.0416483 or 4.16%
Explanation:
Annual percentage rate, APR = 4%
Value of toys sold = $200,000
Note period = 90 day
N = 365 ÷ 90
= $200,000 × [1 - (0.04 × 90/360)]
= $198,000
Effective annual financing cost:
= 1.0416483 - 1
= 0.0416483 or 4.16%
Answer:
c. Situational cognitive vulnerability.
Explanation:
Situational cognitive vulnerability -
It is the cognitive vulnerability in the field of cognitive psychology , it is the belief of cognitive bias .
It is the situation that does not allow to exercise the capabilities effectively .
hence , from the question ,
The correct term according to the statement of the question is - c. Situational cognitive vulnerability.
Answer:
a. CPA exam review course $0
b. Law school expenses $4,000
Explanation:
1a. CPA exam review course will be $0 because the IRS has disallowed any costs that will lead to qualifying for a different trade .
1b. The Law School expenses will be $4,000 . Based on section 222, Samantha is been limited to $4,000 of the tuition paid.
Therefore the balance of $650 is excess tuition $200 + $450 books which will not qualify under the regular education expense deduction due to the negative position of the IRS on law school costs.
Answer:
A) $60.00
Explanation:
to calculate the value of Sultan's stocks, we need to use the growing perpetuity formula:
stock price = dividend / (required return rate - growth rate)
- dividend = ($6,000,000 x 60%) / 1.2 million shares = $3,600,000 / 1.2 million shares = $3 per share
- required return rate = 10%
- growth rate = 5%
stock price = $3 / (10% - 5%) = $3 / 5% = $60 per share
