Answer:
a. 27.9%
Explanation:
The formula and the computation of the gross profit are shown below:
Gross profit = (Gross profit) ÷ (Sales) × 100
where,
Gross profit = $1,604
And, the sales revenue is $5,742
So, the gross profit is
= ($1,604) ÷ ($5,742) × 100
= 27.9%
By dividing the gross profit by the sales we can get the gross profit
Answer:
The depreciation expense is $5638.46 and the Addition to retained earnings is 4865
Explanation:
Solution
Given that:
Sales = $95805
Less: Costs = $75885
Less depreciation expense ($95805 - $75,885 - 14281.54) = $5638.46
EBIT (12161.54 + 2120) = 14281.54
Less: Interest expense =2120
EBT (100%)(7905/0.65) = 12161.54
Less: tax at 35%(12161.54*35%) =4256.54
The Net income(65%) = 7905
The Less:dividends = 3040
Addition to retained earnings =4865
Answer:
Abdul's surplus= $400
Total surplus=$500
Explanation:
Consumer surplus can be defined as the amount a consumer is willing to pay and the amount he actually paid (which is usually less).
Given:
Carolina willing selling price=$2,000
Abdul willing buying price=$2,500
Abdul negotiated price=$2,100
Abdul is willing to pay $2,500 but he negotiated $2,100
Abdul's surplus= $2,500-$2,100
=$400
Total surplus= Abdul's willing price - carolilina's willing price
Total surplus= $2,500 - $2,000
= $500
Answer:
the Notary Signing Agent should just complete the Signing assignment
Explanation:
In this specific scenario, the Notary Signing Agent should just complete the Signing assignment. This is mainly due to the fact that the Notary agent is commissioned in a state that does not require journal thumbprints, therefore since the borrower has all the correct paperwork requirements the Notary agent would not be breaking any laws by completing the signing assignment, even though it breaks his consistent practice.
The legal document that describes the rights and obligations of both the bondholders and the issuer is called the <u> indenture</u> bond.
<h3>What is meant by indenture?</h3>
A legal and binding agreement known as an indenture is frequently related to bond deals, real estate, or bankruptcy. A thorough description of the terms, conditions, and covenants can be found in an indenture.
<h3>Who is bondholder?</h3>
A bondholder is a buyer or the owner of debt instruments, which are frequently issued by governments and enterprises. In essence, bond issuers are borrowing money from bondholders. When bonds mature, bondholders are reimbursed for their initial investment, or principle.
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