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winston baker will invest $25,000 in a spa that his sister is starting. he will triple his investment in six years. what is the

Ronch [10]

Winston Baker will put $25,000 into his sister's new spa. In six years, he will have tripled his investment. Winston has been promised a 20% rate of return.

<h3>What is meant by Rate of returns?</h3>

The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are assuming that the value of your investment will rise by 10% each year.

A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment.

When you calculate the rate of return, you are calculating the percentage change from the beginning to the end of the period. ROI is calculated by subtracting the initial cost of the investment from the final value, dividing the result by the cost of the investment, and finally multiplying it by 100.

To learn more about Rate of returns, refer to:

brainly.com/question/24301559

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6 0

11 months ago

When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites.

I am Lyosha [343]

Solution:

Common stock: These are the common shares that a company issues to creditors to raise funds. In return, creditors are entitled to a dividend share of the profits received by the firm.

Par value: It refers to the worth of a share suggested by the charter of the company. Often referred to as a portfolio face value.

Record the sale of common stock in the books of ANIT Corporation.

Date Account Titles and Explanation Debit (S) Credit (S)

Cash (1) 101,595,000

Common Stock (2) 7500

Paid-in Capital in Excess of Par value (3) 101,587,500

(To record safe of .5 million shores of $0.001 par value per share in excess of Par)

Compute the amount of cash received from common stock issue.

Cash received = Number of shares issued x Price per share

= 7.500,000 shares x $13.546

=$101,595,000

Compute common stock value.

Common H= 'Number of shares v Par value of common stock stock value

= 7,500,000 shares x SO 001 per share

= $7,500

Compute paid-in capital in excess of par value.

Paid-in capital in = I (Cash received—excess of par value Common stock value

=$101,595.000(1) — S7,5001.2)

= $101,587,500

3 0

3 years ago

The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as fol

larisa86 [58]

Answer:

1. Journal Entries

January 1

Dr. Inventory $624,000

Cr. Account Payables $624,000

January 10

Dr. Account Receivables $532,000

Cr. Sales $532,000

January 28

Dr. Account Receivables $175,000

Cr. Sales $175,000

Dr. Cost of Goods Sold $276,400

Cr. Inventory $276,400

January 30

Dr. Cost of Goods Sold $97,500

Cr. Inventory $97,500

February 5

Dr. Account Receivables $70,000

Cr. Sales $70,000

Dr. Cost of Goods Sold $39,000

Cr. Inventory $39,000

February 10

Dr. Inventory $1,360,000

Cr. Account Payable $1,360,000

February 16

Dr. Account Receivables $1,319,500

Cr. Sales $1,319,500

Dr. Cost of Goods Sold $718,100

Cr. Inventory $718,100

February 28

Dr. Account Receivables $1,261,500

Cr. Sales $1,261,500

Dr. Cost of Goods Sold $696,000

Cr. Inventory $696,000

March 5

Dr. Inventory $1,166,880

Cr. Account Payables $1,166,880

March 14

Dr. Account Receivables $1,421,000

Cr. Sales $1,421,000

Dr. Cost of Goods Sold $793,040

Cr. Inventory $793,040

March 25

Dr. Inventory $246,000

Cr. Account Payable $246,000

March 30

Dr. Account Receivables $1,145,500

Cr. Sales $1,145,500

Dr. Cost of Goods Sold $644,640

Cr. Inventory $644,640

* Assuming Purchases and Sales are made on Account

2.

Sales Value = $5,924,500

Opening Inventory = $175,000

Closing Inventory = $307,200

Purchases = $3,396,880

Cost of Goods Sold = $3,264,680

Gross Profit = $2,659,820

3.

As the prices are increasing the Inventory value using last-in, first-out will be lower because all the unit sold at last are sold and inventory of the old items which was purchased on the lower cost remains in the closing inventory. The cost of Goods sold will be higher in this case.

Explanation:

First In First out (FiFO) is an Inventory method which determines the inventory value and it requires that the unit purchased first will be sold first.

Cost of Goods Sold = Opening Inventory + Purchases - Closing Inventory

Cost of Goods Sold = $175,000 + $3,396,880 - $307,200 =

Gross Profit = Sales Value - Cost of Goods Sold

Gross Profit = $5,924,500 - $3,264,680

Gross Profit = $2,659,820

Inventory Working is made in a MS Excel File, which is attached with this answer please find it.

Download xlsx

6 0

3 years ago

Solaris Autos Inc., a large automobile company, made an initial small investment in a start-up company that was developing a sol

Georgia [21]

...............................

8 0

2 years ago

Inflation risk is the prospect of

Serga [27]

Inflation reducing the value of investors' financial assets I think its that i'm not sure

6 0

3 years ago