The discount lost account is used under the net method for inventory.
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What is discount?</u></h3>
- When a security is trading for less than its intrinsic or basic value, it is said to be trading at a discount in the world of finance and investment.
- When a bond's price is trading below its par value, or face value, in the fixed-income market, a discount is present.
- The extent of the discount is equal to the difference between the price paid for a security and its par value.
- Bonds may trade at a discount for a variety of reasons, such as rising interest rates, problems with the underlying company's credit, or riskiness when compared to comparable bonds.
The discount rate, an interest rate used to calculate the time worth of money, should not be confused with a discount.
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Answer:
The answer is C. longer inventory sits on the firm's shelves
Explanation:
The Inventory turnover is the number of times inventory is sold or used during a given period of time.
The formula is:
cost of goods sold/average inventory.
A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)
Answer:
so savings = $2200
bonds = $4400
and mutual fund = $3400
Explanation:
given data
received bonus = $10,000
savings account paying = 4.5% per year
bonds paying = 5%
mutual fund that returned = 4%
income from these investments = $455
to find out
How much did the worker place in the government bonds
solution
we consider amount invested for 4.5 % is = x
and hen his investment in bonds is = 2x for 5%
and rest is 10000- x - 2x
that is = (10000- 3x ) for 4%
so
interest equation will be here
0.045 x + 0.05 (2x) + 0.04 (10000-3x) = 455
solve we get
x = 2200
so savings = $2200
bonds = $4400
and mutual fund = $3400
Answer:
Mio's foreign earned income exclusion is $99,960
Explanation:
The calculation of the Mio's foreign earned income exclusion is given below:
The foreign earned income exclusion limit for 2020 is $107,600
Now the foreign earned income exclusion depend on days equivalent to
= Foreign earned income exclusion limit × (2020 days ÷ total number of days in a year)
= $107,600 × (340 days ÷ 366 days)
= $99,960
Hence, Mio's foreign earned income exclusion is $99,960
Answer:
Financial
Explanation:
Financial management refers to managing an organization or program's resources to meet it's goals and objectives as quickly as possible by making use of resources to carry out planned activities. A financial management system is the approach employed by an organization to govern its income, expenses and assets with the sole purpose of attaining sustability.
