Answer:
23.25%; 62.01%
Explanation:
(a) Amount received:
= No. of shares × selling price
= 100 × $43
= $4,300
Sales deposit = 60% of Amount received
= 0.6 × $4,300
= $2,580
Amount paid = No. of shares × Purchase price
= 100 × $49
= $4,900
Therefore, Loss = $4,900 - $4,300
= $600
(b) If buys at $27, then
Amount paid = $27 × 100
= $2,700
Profit = $4,300 - $2,700
= $1,600
Loss on investment:
= ($600 ÷ $2,580) × 100
= 23.25%
Profit on investment:
= ($1,600 ÷ $2,580) × 100
= 62.01%
Answer:
the present value is $13,588.97
Explanation:
The computation of the present value of the retreading operation is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^time period
= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7
= $13,588.97
Hence, the present value is $13,588.97
Answer:
1/Oct : Cash (Dr.) $8,660
Accounts Receivable (Cr.) $8,660
10/Oct : Equipment & Supplies (Dr.) $9,660
Notes Payable (Cr.) $9,660
20/Oct : Accounts Receivable (Dr.) $2,640
Service Revenue (Cr.) $2,640
Explanation:
Debits $16,960
Cash 6,600
Accounts Receivable 1,840
Supplies 1,840
Equipment 4,660
Dividend 2,020
Credits : $16960
Accounts Payable 4,660
Notes Payable 9,660
Service Revenue 2,640
Answer:B. It's role it's written into the US Constitution.
Government bonds, will buy
Explanation:
The writing of role in the construction will make it rather impossible to influence it's duties.
The sales and purchases of goverments bond it's used in influencing the money supply. When the money supply is to be reduce the federal reserves sale bond and when it's to be increase they purchase the
bond.
Answer:
The answer is Expenses when the fund uses goods or services.
Explanation:
A proprietary fund is used in governmental accounting to account for activities that involve business-like interactions, either within the government or outside of it.
The required financial statements for a proprietary fund are as follows:
Statement of net position,
Statement of revenues, expenses, and changes in fund net position
