Answer:
350
Explanation:
Add 9000 + 200 = 9200
Then you do 9550 - 9200 = 350
The formula is (net profit / total investment) x 100. Applying the formula we have: [(350,000-120,000-58,000)] x 100 = 114.66%, rounding up to 114.7%. Therefore, the correct answer is b.
Answer:
2.20%
Explanation:
Data provided:
Company issued floating-rate note with a coupon rate equal to the three-month Libor 65 basis points
On 31 March three-month Libor = 1.55%
On 30 June three-month Libor = 1.35%
Now,
The coupon rate for the interest payment made on 30 June will be calculated as
= 1.55% + 0.65
= 2.20%
Hence, the correct option is 2.20%
Answer:
Dr. Cr.
Cost of Goods Sold $200
Merchandise Inventory $200
Explanation:
Inventory is value at Lower of Cost and Net realizable value.
Cost of Inventory = $8,000
Net Realizable Value of Inventory = $7,800
The lower value is the Net realizable value and Inventory should be reported by $7,800 on the balance sheet. The net difference of $200 is adjusted to bring the value of inventory to it net realizable value.
Expense to be recorded = $8,000 - $7,800 = $200
Answer: Barbara needs to look for running balance or the amount the has been recorded.