Answer:
P = $ 45833.33
Explanation:
Given data:
interest amount = $11,000
time = 4 year
interest rate = 6%
we know that
simple interest = PRT
solving for Principal amount P,
P = $ 45833.33
Answer:
Budgeted purchases in units for August are 6600 units
Explanation:
The budgeted purchases in units for August under the policy followed by the company will be as follows.
The units required to meet August sales are 6000 units.
The opening inventory in August will be 40% of August sales that is 0.4 * 6000 = 2400 units
Thus, the units need to be purchased in August to meet August sales = 6000 - 2400 = 3600 units
In August, we also need to purchase enough units to cover 40% of September sales. Units needed in August for September sales = 0.4 * 7500 = 3000 Units
Purchases in August = Purchases required to meet August sales - Purchases required to meet the desired ending inventory
Purchases in August = 3600 + 3000 = 6600 units
Answer and Explanation:
The journal entry is shown below:
Cash Dr 30,000
Bank Dr 50,000
To Capital 80,000
(Being cash and bank brought into the business)
Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity
Answer:
The type of company that are at the forefront of campaign are proactive company.
Explanation:
A proactive company can be defined as a company, which puts great amount of emphasis on the forward thinking strategic planning ( where company sets its operational objectives, makes long term strategic decisions, assess strength and weakness etc ) rather than focusing on reactive strategies to manage the problems and taking advantage of business opportunities.
