On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the segment had operating losses. These losses were expected to continue until the segment's disposition. Which of the following losses should be included in discontinued operations reported in Smith's Year 2 income statement?I. Operating losses for the period January 1 to October 31, Year 1.
II. Operating losses for the period November 1 to December 31, Year 1.
III. Estimated operating losses for the period January 1 to February 28, Year 2.

a. II and III only.
b. I and II only.
c. II only.
d. I and III only.

Answers

Answer 1

Answer:

Answer:

Choice "B" is correct. The operating losses to be included in Smith's Year 1

Explanation:

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Consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.

Answers

The answer would be : commercial papers

Usually, companies issued commercial papers to finance account receivable , inventories, or meeting some short-term liabilities. The maturity of commercial papers is usually less than a year and usually issued at a discount to prevail market fluctuation

The common stock of Auto Deliveries sells for $28.16 a share. The stock is expected to pay $1.35 per share next year when the annual dividend is distributed. The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. What is the market rate of return on this stock

Answers

Answer:

Market rate of return is 7.79%

Explanation:

The market rate of return on the stock can be computed using the market price of the stock , which is given below:

share market price =D1/(Expected market return-Dividend growth rate)

share market price is $28.16

D1 is the expected dividend next year which is given by $1.35

expected market return is the unknown

dividend growth rate is 3%

$28.16=$1.35/expected market return-3%

let y be the expected market return

$28.16=$1.35/y-3%

by cross multiplication the equation becomes

$28.16*(y-3%)=$1.35

y-3%=$1.35/$28.16

y=($1.35/$28.16)+3%

y=7.79%

Answer:

7.794%

Explanation:

We can use the Gordon growth model to determine the price of the stock:

current stock price = next year's dividend / (market rate of return - growth rate)

$28.16 = $1.35 / (market rate - 3%)

market rate - 3% = $1.35 / $28.16 = 4.794%

market rate = 4.794 + 3% = 7.794%

*the market rate of return is equal to the required rate of return (RRR)

True or false? West African coastal countries have borrowed money from the World Bank and the International Monetary Fund.

Answers

True, West African countries borrowed money fro the World Bank and the International Monetary Fund. West African countries are developing economies which similar to other developing economies in Africa and the rest of the world have taken loans and development funds from the IMF and the World Bank.

True, West African coastal countries have indeed borrowed money from the World Bank and the International Monetary Fund.

Explain what a credit score is and what it tells you about the consumer. What are some ways you can maintain a proper credit score?

Answers

Answer:

Explanation:

A credit score is a tool used is analyzing the creditworthiness of a customer in a numerical way or rating . It is useful in determining who qualifies for a loan , the applicable rate and other condition attached.

It tells about the financial integrity of a consumer through his attitudes to loan facilities over the years.

A proper credit score can be maintained by repaying loans on time ,up your credit card and do not close your credit card account.

A credit score is a score that measures how likely you are to pay back a loan. If the score Is good that means they paid their loans on time. if the score is bad that means they aren't likely to pay any payments they are given through a loan. You can maintain a proper score by paying bills on time, when taking out loans pay the payments on time. and when you loan a car Pay. The. Payments.

Which of the following do you NOT need to do upon the completion of an interview a. Draft a formal offer letter b. Evaluate your performance c. Deal with acceptance or rejection d. Sent a follow-up letter

Answers

Answer: A. Draft a formal offer letter is not something you need to do following the compleition of an interview. After an interview, if you are qualified and wanted for hirer by the organization, they will likely draw up a formal offer letter and provide that to you when offering you the position. The formal offer letter typically includes the date of start and monetary offer the company is willing and able to pay.

Draft a formal offer letter is one thing that you do not need to do upon completion of an interview. The formal offer letter will actually come from the organization. The correct option among all the options that are given in the question is the first option or option "a". I hope this has helped you in understanding.

The system that maintains records of a company's operations and then communicates that information to decision makers is referred to as_______.

Answers

Answer:

Accounting

Explanation:

Accounting is the process of recording, measuring and presenting the fnancial information of a company. Accounting allows to understand and analyze the financial health of an organization and make the appropiate decisions based on that. Because of this, the answer is that the system that maintains records of a company's operations and then communicates that information to decision makers is referred to as accounting.

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Paloma Company establishes a $200 petty cash fund on Jan 1. On January 8, the fund shows $107 in cash along with receipts for the following expenditures: postage, $39; transportation-in, $12; delivery expenses, $14; and miscellaneous expenses, $28. Palmona uses the perpetual system in accounting for merchandise inventory.Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $350 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3.

On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $655, and the cost of unit B was $575. On April 30, Robert LLC had not sold the inventory. The net realizable value of unit A was now $675 while the net realizable value of unit B was $505. The adjustment associated with the lower of cost and net realizable value on April 30 will be:Cost of Goods Sold 70 Inventory 70Inventory 70 Cost of Goods Sold 70Cost of Goods Sold 85 Inventory 85Inventory 85 Cost of Goods Sold 85

One of the primary disadvantages of the global strategy and worldwide product divisional structure is that: a. it is difficult to respond effectively to local market needs and preferences. b. achieving economies of scale with this strategy/structure combination is nearly impossible. c. the firm must develop centers to offer after-sales service to customers. d. it is difficult to achieve economies of scale.

The most serious problem with aggression is that A. we remove the obstacle that's the cause of our frustration. B. it's sometimes necessary to change our goals. C. it can cause property damage. D. we aim it at people or things that aren't the cause of our frustration