Answer:
$3,900
Explanation:
December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable.
Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.
Therefore the amount to be credited to doubtful account = 0.03 x 140,000 = $4,200
The amount of bad debts = $4,200 - $300 = $3,900
Answer:
12.09%.
Explanation:
Calculation to determine the rate of return on the fund
First step is to calculate the beginning year NAV
Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares
Beginning year NAV = 23.33
Second step is to calculate the ending year NAV
Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares
Ending year NAV =[456.25/18 million shares]
Ending year NAV =25.35
Now let calculate the return using this formula
Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)
Let plug in the formula
Return = (25.35-23.33+0.30+0.50)/23.33
Return = 12.09%
Therefore the rate of return on the fund is 12.09%
This is a violation of no federal law. The outcome of this will be student loan debtors who be situated fraught to pay their loans will sooner or later spike up the costs of their loan so high that refund will then become enduringly unmanageable for nearly 100% of those who default. This define the all-inclusive life of a student loan debtor will then put an effective forced labor state because their wages and assets will be inevitably enhanced and take away by the governments authorized agents in order to pay toward continually growing student loan and balance.
Answer:
8.21%
Explanation:
The computation of the coupon rate is given below:
But before that PMT would be determined
Given that
NPER 25
RATE 7.28%
PV $1,105.63
FV $1,000
The formula is shown below:
=PMT(RATE,NPER,PV,FV,TYPE)
The present value comes in negative
After applying the above formula, the PMT is $82.09
Now the coupon rate is
= $82.09 ÷ $1,000
= 8.21%
Answer:
cause we need money for basic needs
such as cloths,shelter,education,medical needs e t c.
