Following are the merchandising transactions for dollar store. nov. 1 dollar store purchases merchandise for $1,500 on terms of 2/5, n/30, fob shipping point, invoice dated november 1.5 dollar store pays cash for the november 1 purchase.7 dollar store discovers and returns $200 of defective merchandise purchased on november 1, and paid for on november 5, for a cash refund.10 dollar store pays $75 cash for transportation costs for the november 1 purchase.13 dollar store sells merchandise for $1,620 with terms n/30. the cost of the merchandise is $810.16 merchandise is returned to the dollar store from the november 13 transaction. the returned items are priced at $300 and cost $150; the items were not damaged and were returned to inventory. journalize the above merchandising transactions for the dollar store assuming it uses a perpetual inventory system and the gross method.

Which of the following statements is true about financial planning

The simple interest in a loan of $200 at 10 percent interest per year is

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)