Schweitzer realized that in many cases individuals could only accomplish direct human service in collaboration with official org
1 answer:
You might be interested in
Answer:
The amount that will be reported on the income statement as net sales is <u>$2,940</u> and as gross profit is <u>$940</u>.
Explanation:
Given:
Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60.
If the customer pays within the discount period.
Now, to find the amount reported on the income statement as net sales and as gross profit.
Cost of merchandise = $2,000.
As, merchandise sold for $3,000.
So, to get the net sales we deduct the discount:
Merchandise on terms 2/30, n/60.
<u><em>Thus, the net sales is $2,940</em></u>.
Now, to get the gross profit we subtract cost of merchandise from net sales:
<em><u>Hence, gross profit is $940.</u></em>
Therefore, the amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.
Answer:
$5.73(Approx).
Explanation:
Given:
= 0.32
Growth rate = 25% = 0.25
Number of year = 4
Growth rate after 4 year = 3% = 0.03
Required rate of return = 15% = 0.15
Computation of divined in 4 year:
Price of stock after year 4 = [Divined in 4 year × (1 + new growth)] /[Required rate of return - Growth rate after 4 year ]
Price of stock after year 4 = [0.78125 × (1+0.03)] / [0.15 - 0.03]
Price of stock after year 4 = [0.8046875] / [0.12]
Price of stock after year 4 = $6.70572917
Present value = Future value /
Present value = $6.70572917 /
Present value = $6.70572917 /
$5.73(Approx).