Answer:
D. Merchandise Inventory xxx
Accounts Receivable xxx
Explanation:
The Journal Entry is shown below:-
Merchandise Inventory A/c Dr, xxx
To Accounts Payable xxx
(Being purchase of inventory on account is recorded)
Therefore inventory is purchased so it will increasing assets, it is debited while accounts payable is increasing liabilities so it is credited.
Answer:
P5=48.3860
Explanation:
Santa Klaus Toys
The Price of the stock 5 years from today will be :
P5=D6/(r-g)=
D0*(1+g)^6/(r-g)
Where
D0 =3
g =3.9%
r=11.7%
Hence:
P5=3*(1+3.9%)^6/(11.7%-3.9%)
P5=3*(1+0.039)^6/(0.117-0.039)
P5=3*(1.039)^6/(0.078)
P5=3.77410/0.078
P5=48.3860
Answer:
124.38%
Explanation:
capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:
Capacity utilization = [actual output/ potential output] %
= (45,400/365) %
=124.38%
Answer:
3. There will be less competition than when the industry was nationalized monopoly
Explanation:
Privatization transfers ownership of state-owned corporations or properties from the government to the private sector. The transfer is through the sale of government-held shares to another company or the general public.
Since state-owned enterprises are large corporations, privatization creates the possibility of forming private monopolies. The private monopolies are likely to dominate the market and stifle out the competition. They are also likely to increase prices as private business is profit-motivated, which is detrimental to consumers.
Answer:
Mr. Able have to open a Private Foundation to set up a Tax-deductible fund.
Explanation:
- They will exclude donations up to 30 per cent to 60 per cent of our income, based on the charity's existence and tax-exempt status.
- You will state your expenses to assert a charitable deduction on your tax return.
- Private foundation contributions are tax deductible up to 30 percent of the adjusted gross benefit for assets and up to 20 percent of the income for assessed shares, with a five-year hold forward.
therefore Mr Able must donate his funds
