Answer:
The amount of cash paid to suppliers of merchandise during the reporting period is $31
Explanation:
Inventory beginning balance is $90, ending balance is $93
Account payables beginning balance is $14, ending balance is $16
Cost of goods sold is $30
Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.
Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory
Purchases = 30-90+93 = 33
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In the Accounts Payable Account
Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side
Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.
Hence: 14+33= payments during the period + 16
Payments during the period = 14+33 - 16 = $31
There is 1000 tickets and you have one so you have 1 in a 1000 chance
Answer:
The WACC is 11.64%
Explanation:
The weighted average cost of capital or WACC is the cost to firm of raising its total capital based on its capital structure. The capital structure of the firm can contain debt, preferred stock and common stock. The WACC take the weight of each component as a proportion of total value of assets and multiply it by the rate of return or cost of each component.
WACC = wD * rD * (1-tax rate) + wE *rE
Where,
- wD and wE represent the weights of debt and equity as a proportion of total assets
- rD and rE are the cost of debt and cost of equity
- We multiply rD by (-tax rate) because we take after tax cost of debt for WACC calculation
Weight of debt = 2000000 / (2000000 + 3000000) = 2/5 or 0.4
Weight of equity is = 1 - 0.4 = 0.6
WACC = 0.4 * 0.06 * (1-0.4) + 0.6 * 0.17
WACC = 0.1164 or 11.64%
The ending balance for March would be $85,700.
You would create a T-account for accounts payable and since accounts payable is a liability, you would credit the beginning balance. The purchases made during the month are also credited because you are increasing the amount in the liability. The $10,700 would not be included because this is unearned revenue and while it is a liability, it does not classify as accounts payable. The $37,800 would be debited since you are decreasing the liability by paying part of it off.
Once doing so, you add up the amounts on the right side and deduct the amounts on the left: (78,200+45,300)-37,800=85,700
Answer:
C) Most private and public workers have the right to hold an election to choose what union they want to represent them, if any.
Explanation:
An employee is generally not required to join a union even, in most cases if a union exists and it has an agreement with the employer regarding employees joining it, the most it can do is charge everyone the union fees. This means that the employees are required to pay union fees even if they do not want to join the union. Full union membership cannot be required.
Also, employees are free to decide in an election to what union they want to belong to, or if they want to belong to any type of union at all. E.g. most of the employees from foreign car manufacturers have chosen not to join the UAW union (Toyota, Honda, Mercedes Benz, BMW, etc.).
