Answer: $8,490,909
Explanation:
10% was added to the $40. Price firm will receive is therefore;
= 40/ 1.10
= $36.36
The firm will receive;
= (Price * number of shares) - legal fees
= (36.36 * 250,000) - 600,000
= $8,490,909.09
= $8,490,909
Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days = 0.26666 x 365 days
=97.333 days
=97 days
Here is how to solve this:
$20 - $4= $16 = numerical expression.
Hope this helped!
One who is a helpful person, advantageous, and is a polite person.
Answer:
Explanation:
The journal entry to record the cost of merchandise sold is presented below:
Cost of merchandise sold A/c Dr XXXXX
To Merchandise inventory A/c XXXXX
(Being cost of merchandise sold is recorded)
Simply we debited the Cost of merchandise sold account and credited the Merchandise inventory account instead of the inventory account