Answer:
textile developer is the answer
Answer:
The correct option is D,$15000.
Explanation:
The new computed allowance for uncollectible accounts in the current year is 5% of accounts receivable.
The new allowance is computed thus:
new allowance for uncollectible accounts=5%*$300000
=$15000
Hence the balance of allowance in the uncollectible accounts after adjustment is $15000
The balance in the allowance for uncollectible accounts at the end of the period is usually the newly computed allowance for uncollectible accounts.
In this case it is $15000
Answer:
Mixed economy
Explanation:
Mixed economy uses a mixture of market economy and planned economy. There is free market but government tends to intervene when the market is going to collapse.
In this instance in 2008 the United States government had to intervene and take 80% of AIG stake in order to prevent its collapse.
The government stepped in because of the implications for the whole financial system. This is an example of mixed economy.
Answer:
Bond Price= $1,115.58
Explanation:
Giving the following information:
Par value= $1,000
Cupon= $35
Time= 10*4= 40 quarters
Rate= 0.12/4= 0.03
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 35*{[1 - (1.03^-40)] / 0.03} + [1,000/(1.03^40)[
Bond Price= 809.02 + 306.56
Bond Price= $1,115.58
Answer: 63.6%
Explanation:
Given that,
Cost:
Beginning inventory = $ 66,000
Net purchases = $280,000
Total of cost = Beginning inventory + Net purchases
= $66,000 + $280,000
= $346,000
Retail:
Beginning inventory = $104,000
Net purchases = $420,000
Net markups = $20,000
Total of Retail = Beginning inventory + Net purchases + Net markups
= $104,000 + $420,000 + $20,000
= $544,000
Cost to retail percentage =
=
= 63.6%