Answers
Answer:
Net income for the year: 1,206
Explanation:
from the RE formula we have:
If RE decreased by 306 then:
beginning - ending = -306
we can shape the initial formula doing:
We post the value of the change in RE and the dividends
Net Income = 900+306 = 1,206
Related Questions
Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 10. What is the price per share of MGDI's stock
5) If in the market for apples the supply has decreased, then A) the supply curve for apples has shifted to the right. B) there has been a movement upwards along the supply curve for apples. C) the supply curve for apples has shifted to the left. D) there has been a movement downwards along the supply curve for apples.
Lilla sees a search ad on her mobile phone for a restaurant. A button on the ad allows Jessica to click on the button and call the restaurant. This is a
Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,600 units)$108,000 Variable expenses 49,680 Contribution margin 58,320 Fixed expenses 44,300 Net operating income$14,020 If the company sells 4,300 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
Answers
Answer:
Escrow account
Explanation:
An escrow account is a type of account in which a third party helds a certain amount of money while two parties complete a transaction. This is used to protect people from fraud when they are involve in transactions like purchasing a house as both parties can trust that the money is safe and the third party only provides the funds when they agree with everything and are happy with the results.
According to this, the answer is that if a purchasing agent must put up a cash deposit for construction services, for security purposes, instead of giving it directly to the contractor, he or she may insist that it be placed in an escrow account because the money would be safe and it would be maintained by a third party that will provide the funds when the services are complete.
B. slopes upward for inferior goods and downward for normal goods.
C. slopes downward for both normal and inferior goods.
D. slopes upward for both normal and inferior goods.
Answers
Answer:
A. slopes upward for normal goods and downward for inferior goods.
Explanation:
In the case of Engle curve it plots the relationship between income and demand for a good.
In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false
So it sloped upward for the normal goods and slop downwards for the inferior goods
Final answer:
An Engel curve shows the relationship between the quantity of a good consumed and a consumer's income. It slopes upward for normal goods and downward for inferior goods.
Explanation:
An Engel curve shows the relationship between the quantity of a good consumed and a consumer's income. It helps us understand how the demand for a particular good changes as income levels vary.
The correct answer to the question is A. An Engel curve slopes upward for normal goods and downward for inferior goods. This means that as income increases, the demand for normal goods also increases, while the demand for inferior goods decreases.
For example, if someone's income increases, they may choose to consume more high-quality goods like organic food instead of cheaper alternatives. This would result in an upward-sloping Engel curve for organic food, indicating that it is a normal good.
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Answers
Answer:
$12,750 and $1,250
Explanation:
The computation of the dividend paid is shown below:
For 2021, the preference dividend is
= 1700 shares × $50 × 5%
= $4,250
Since in 2019 and 2020 the dividend is not paid
So, For 2019 and for 2020, the preference dividend is
= $4,250 × 2 years
= $8,500
So total preference dividend is
= $4,250 + $8,500
= $12,750
And, the total dividend paid is $14,000
So, for the common stockholder, it is
= $14,000 - $12,750
= $1,250
The process of translating ideas into words that will convey meaning is referred to as _______.
The ______ is the medium over which a message is transmitted.
Answers
Answer:
The correct words for the blank spaces are: decoding; channel.
Explanation:
Decoding refers to the action in which the receiver of a message interprets the meaning of the message that the sender transmits. The opposite process of decoding is the encoding in which the meaning is translated into words to create a new message.
The message is sent through a channel that can take different forms such as the phone, television, radio, newspapers, magazines, letters, or social media, to mention a few.
Final answer:
In the realm of communication, the process that involves turning ideas into words to communicate meaning is called encoding, whereas the medium or tool used to carry or transmit the message is called the channel.
Explanation:
The process of translating ideas into words that will convey meaning is referred to as encoding. The channel is the medium over which a message is transmitted. In the field of communication, encoding happens when the sender translates his or her idea into a language or signal that the receiver can understand.
The channel, on the other hand, is the medium or tool used to transmit the message, such as a letter, a telephone call, a speech, or an email.
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a. How much warranty expense does the company report in 2015 for this copier?
b. How much is the estimated warranty liability for this copier as of December 31, 2015?
c. How much warranty expense does the company report in 2016 for this copier?
d. How much is the estimated warranty liability for this copier as of December 31, 2016?
Answers
Answer:
Explanation:
Requirement 1
Warranty expense in 2015 = $9,000 x 6%
Warranty expense in 2015 = $540
Note: As mention above Hitzu expects warranty cost to be 6% of dollar sales
Requirement 2
Estimate warranty liability as of Dec 2015 = $540
Requirement 3
Warranty expense in 2016 = 0
Requirement 4
Estimated warrant liability as of Dec 2016 = $540 -$114
Estimated warrant liability as of Dec 2016 = $426
Note: As the repair costs 114 on the same day of repair.
Answers
Answer:
The correct answer is $9,850,000
Explanation:
The Enterprise fund which will be reported, total other financing sources of the amount is computed as:
= Face Value - Cost of issuance
where
Face Value is $10,000,000
Cost of issuance is $150,000
Putting the values above:
= $10,000,000 - $150,000
= $9,850,000
Note: Premium will not be considered as it is asked for when the bonds are issued.
Final answer:
The total other financing sources reported by the Enterprise Fund would be $9,850,000.
Explanation:
The correct answer is $9,850,000.
When the city's Enterprise Fund issued revenue bonds with a face value of $10,000,000, it added a 2% premium to the face value. The premium is calculated by multiplying the face value by the premium rate, which is 2% in this case. So, the premium amount is $10,000,000 * 2% = $200,000.
The issuance costs are additional expenses incurred in the process of issuing the bonds. In this case, the issuance costs totaled $150,000.
Therefore, the total other financing sources reported by the Enterprise Fund would be $10,000,000 - $200,000 - $150,000 = $9,850,000.
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