I believe the answer is B. False
Answer: 19.01%
Explanation:
The simple rate of return is the Income that came from an investment divided by the cost of the investment.
It is therefore expressed by;
Simple rate of return = Net Income / Initial investment
Initial investment
= Price of new machine - salvage value of old machine
= 432,000 - 27,000
= $405,000
Net Income
= Income - depreciation of new machine
= 149,000 - (432,000/6)
= $77,000
Simple rate of return
= 77,000/405,000
= 19.01%
Answer: €100,000
Explanation:
- Cash received is an asset
- The money borrowed is also cash so assets increase
- Equipment was exchanged for cash. Both of them are assets so there is NO EFFECT on assets here.
- Inventory purchased on account will increase assets because assets were acquired with liabilities in this instance.
- Prepayments are assets but because this was paid with cash, there is NO EFFECT on assets as they cancel each other out.
Total assets at the end of the week are:
= Cash + Cash borrowed + Inventory purchased on account
= 50,000 + 30,000 + 20,000
= €100,000
The secured credit cards are backed by a collateral deposit against the risk of default in repayment by the cardholder. Each card is liable to be repaid by the cardholder with the amount of purchases being made.
<h3>What is a credit card?</h3>
A card, or a form of plastic money, issued by a financial institution in such a way that the person to whom such card is issued can utilize it to purchase goods and services on credit, is known as a credit card.
A secured credit card is a safe and risk-free form of issue for the issuer, as it is covered by a security deposit as a collateral. Repayment is done either out of the deposits, or by manual payment by the cardholder.
Hence, the significance of a credit cards is given.
Learn more about credit cards here:
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<span>400 BC would be a good time frame to fit this definition. This goes along with the entire culture, which had started using a more systematic approach to describing the world around them, instead of simply using anecdotal evidence to make judgments.</span>
