Answer: $455,000
Explanation:
As the question states what will be the pledges receivable for 20x8 therefore, we will calculate all the pledges:
$35,000 + $20,000 + $400,000 = $455,000
Hence, the answer is $455,000 as we take into account all the pledges for the year 20x8.
The Central Bank is the "banker" to banks, government, and financial institution, where the Commercial Bank is the "banker" to the citizens. The Central Bank is the monetary authority of the country. The Central Bank does not deal with the general public, but Commercial Bank does
Answer:
$559,000
Explanation:
Data provided as per the question below:-
Sales = $915,000
Variable cost of goods sold = $253,000
Fixed cost of goods sold = $103,000
The computation of gross margin is shown below:-
Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold
= $915,000 - $253,000 - $103,000
= $915,000 - $356,000
= $559,000
The use of long-term savings to earn a financial reward is called 12 years.