Answer:
$30,220
Explanation:
Inventory purchased $299,000
Discount (299,000*2%) ($5,980)
Freight Charges $18,500
Inventory returned ($7,800)
Net purchases $303,720
Cost of goods sold=opening inventory+purchases-ending inventory
$335,000=$61,500+$303,720-ending inventory
Ending inventory=61,500+303,720-335,000
Ending inventory=$30,220
Answer:
r>8.68695%
Annual rate of return is r>8.68695%
Explanation:
The net return, the buyer will get= 1+r-0.005
Where:
r is the interest rate
0.005 is expense ratio (0.5%)
Let suppose $1 is invested, then the return after two years is as below:
Considering the annual compounding of returns, the compound interest on $1 for 2 years will be 
The fund portfolio earn for you to be better off is:
>
Solving the above equation, we will get:
r>0.0868695 r>-2.0768 (Ignore this value as it is -ve
r>8.68695%
Annual rate of return is r>8.68695%
having a few transit tickets on hand
Answer:
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Answer:
The correct answer is letter "A": in both statements I and II.
Explanation:
(I) According to the demand law, <em>if the price of tea increases the quantity demanded of tea will decrease</em>. If the price of tea decreases, the quantity demanded of tea will increase. Quantity demanded and the price has an inversely proportional relationship in the demand law.
(II) When talking about complementary goods like tea and sugar, <em>if the price of tea increases will result in a negative movement along the demand curve of tea and will cause the demand curve of sugar to move inwards. In such a scenario, the demand for each good will be reduced.</em>
