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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The amount of (h) and (D) equal to
H) =17,800
D) 4.06%
True or false?

Transcribed Image Text:Revenue
Sales
Less: Sales returns and allowances
Net Sales
Cost of goods sold
Merchandise inventory, January 1
Purchases less returns and allowances
Total Cost of merchandise available for sale
Less: Merchandise inventory, March 31
Cost of goods sold
Delivery expenses
Depreciation expense-equipment
Payroll taxes expense
Salary expense
Supplies expense
Telephone expense
Utilities expense
Total operating expenses
Net Income before federal income tax
Federal income tax
Net income after federal income tax
The amount of (h) and (d) equal to :
Gross Profit
Operating expenses
2014
Amount
225,000
-3,840
(a)
66,000
98,000
164,000
-60,225
(b)
(c)
467
3,600
388
204
175
1,907
(h)
99,905
-12,123
87,782
Vertical analysis (% Net Sales)
101.74
(e)
100
29.84
44.31
74.15
27.23
(d)
53.08
0.21
1.63
0.18
(g)
0.09
0.08
0.86
7.9
45.17
-5.48
39.69
Expert Solution
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- Solve for IRR 0 = -100000 + 10000/(1+IRR) + 40000/(1+IRR) ^2 + 40000/(1+IRR) ^3 + 40000/(1+IRR) ^4 + 10000/ ( 1+ IRR) ^5arrow_forward2) the math of interest. please indicate if you are unsure or totally sure about the answerarrow_forward(1 + rnominal) = (1 + rreal) (1 + inflation rate). true or falsearrow_forward
- Solve it using formulas, no tables correct answers: i) i^2 0.059126 > 0.0341 iii) P(wd) £73.34 per £100 nominal iv) using i* > 6% pa --> NPV(6%)= 2.78020 and NPV(6.5%) = 1.59578 therefore i= 6.32% pa and f=2.5% --> i'= 3.72% pa A fixed interest security pays coupons of 5% per annum convertible half-yearly in arrears. The security is redeemable at 110% at the option of the borrower on any anniversary date between 15 and 25 years after the date of issue. An investor, who is liable to tax on income at a rate of 25% and on capital gains at a rate of 30%, intends to buy the product exactly two months after issue for a price that gives a net effective yield of at least 6% per annum. (i) Determine whether the investor would make a capital gain if the bond is held until redemption. (ii) In what way does your answer to part (i) affect the assumptions made for calculating the issue price? Explain in general terms the reasoning behind your chosen pricing approach. (iii) Calculate the maximum…arrow_forwardSuppose A=D+E, E=$350,000 and E/A=0.7. Solve for D.arrow_forwardIts npv vs discount rate graph please help with conceptarrow_forward
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