Answer:
The answer is given as below;
Explanation:
Opening inventory $8,000
Purchases $96,000
Less: return outwards ($6,200)
Add; Freight in $1,100
Less: Closing Inventory ($17,300)
Cost of Goods Sold $81,600
Answer:
$110,000
Explanation:
Calculation for What is the machine's original cost basis that the firm records on the balance sheet
Machine's Original cost basis
Machine Cost $100,000
Add Sales Tax $7,000
Add Shipping Cost $3,000
Machine's Original cost basis $110,000
($100,000+$7,000+$3,000)
Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000
Answer:
D
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-109,332
Cash flow each year from year 1 to 4 = $36,000
IRR = 12%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Answer:
Inter-rater reliability.
Explanation:
Based on the scenario being described within the question it can be said that in this situation Bill and Nancy are interested in the measure's Inter-rater reliability. This term focuses on measuring the level extent in which two or more raters/observers/researchers agree on the on the something. Such as Bill and Nancy are doing by checking the consistency of the results to see if many raters agree with one another.
Answer:
A) $800,000
Explanation:
Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.
The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).
This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.
