Answer:
Don't ask so many questions at the same time ok
Answer:
$42.50
Explanation:
The computation of the amount received at the end of each six month period is shown below:
= Issued amount × rate of interest × number of months ÷ total number of months in a year
= $1,000 × 8.5% × 6 months ÷ 12 months
= $42.50
By multiplying the issued amount with the rate of interest and the number of months we can get the amount of the check and the same is shown above
Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.
<h3>What is equity?</h3>
Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.
Doc's ribhouse beginning equity
= $79,000
Net income
= $23,000
Ending equity
= ?
Ending Equity
= Beginning Equity + Net Income - Dividends
= $79,000 + $2
= $102,000
Hence, Doc's ribhouse ending equity would be $102,000
Learn more about equity here : brainly.com/question/11556132
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Answer:
In the following situation:
Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.
The Jacob's contribution per unit is:
e) 80
Explanation:
To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.
Total revenue is: 100 USD per night
Total variable costs are: 20 USD per night
Total units are only one.
Therefore 80 USD is our contribution per unit.
Answer:
$206,000
Explanation:
Beginning inventory 10,000*9.2 $92,000
Purchases during the month (9000*8+ 6000*7) $114,000
Cost of Goods available for sale $206,000
