Answer: Ending equity is $286,000
We have:
Beginning Equity (BE) = $265000
Net Income (NI) = $55000
Dividends (D) = $44000
Stockholder Investments (SI) = $10000
Answer:
Dollar rate of return = 15.5%
Explanation:
<em>The expected dollar rate would be the dollar equivalent of the future value of the Euro deposit converted at the exchange rate applicable in a years tim</em>e .
The following steps would suffice
<em>Step 1: Future value of 1 Euro</em>
Future value of 1 Euro at 5% p.a = 1.05 Euro
<em>Step 2: Dollar equivalent of the Euro future value</em>
The Dollar equivalent of 1.05 Euro = 1.05× 1.10=1.155
<em>Step 3: The Dollar rate of return</em>
Dollar rate of return = Future value of deposit($)/initial deposit - 1
= (1.155/1) - 1 × 100
= 15.5%
Dollar rate of return = 15.5%
Answer:
$ 142,800.00
Explanation:
The ending inventory can be computed by rearranging the cost of goods sold formula:
cost of goods sold=Beginning inventory+net purchases-ending inventory
ending inventory=beginning inventory+net purchases-cost of goods sold
beginning inventory is $92,000
Net purchases=purchases-discount+freight-in charges-purchase return
net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00
cost of goods sold is $372,000
ending inventory=$92,000+$422,800-$372,000=$ 142,800.00
The given statement is false.
Government budget deficit occurs when government spending exceeds its income. When government deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing. Thus, borrowing increases.
Public saving is national income less consumption and government spending. When deficit increases, government spending increases and public savings decline.
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