Answer:
A resposta é b) II E III APENAS
Explanation:
Answer:
Explanation:
Return on common stockholders' equity for 2015:
(Net income - preferred stock)/Equity
(63,000-5,400)/2,400,000 = 57,600/2,400,000 = 2.4%
Return on common stockholders' equity for 2015:
(99,000-5,400)/3,000,000 = 93,600/3,000,000 = 3.12%
From these calculations, it is clear that return has improved.
Answer:
The effective rate of interest in the fifth year is 6.15%
Explanation:
Mathematically, the effective rate of interest can be calculated as follows;
Reff = (1 + r/y)^y - 1
where;
r is the interest rate = 6% = 6/100 = 0.06
y is the period = 5 years
Substituting these values;
Reff = (1 + 0.06/5)^5 - 1
Reff = (1 + 0.012)^5 - 1
Reff = 1.012^5 - 1
Reff = 1.061457 - 1
Reff = 0.0615 which is 6.15%
Answer:
Explanation:
The journal entries are shown below:
On June 17
Food wholesaler A/c Dr $600 (20 cases × $30)
To Purchase return $600
(Being returned goods are recorded)
Food wholesaler A/c Dr $600 $2,352
To Bank A/c $2,352
(Being payment is made)
(Being cash received recorded)
The computation is shown below:
= (Credit purchase - returned goods
) - (Credit purchase - returned goods
) × percentage given
= (100 case × $30 - $600) - (100 case × $30 - $600) × 2%
= ($3,000 - $600) - ($3,000 - $600) × 2%
= $2,400 - $48
= $2,352
This is the answer but the same is not provided in the given options
