Answer:
24.42%
Explanation:
(a) Index on the day immediately before the split (on 1 Jan 2017)
= (114+ 34 + 56 ) / 3
= 204/3 =68
Price of Douglas McDonnel stock just after the split (on 2 Jan 2017)
= 114/3 = $38
New divisor for the index
= (38 + 34 + 56)/68
= 128/68
=1.88
(b) Index on 1 Jan 2017 = 68
Index on 1 Jan 2018 = (41.08+ 48+ 70) / 1.88
= 159.08/1.88
=84.61
Hence:
Rate of return on the index for the year
2017
= (84.61 - 68) / 68 × 100
16.61/68×100
= 24.42%
Answer:
Primary data
Explanation:
Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.
Secondary data is information that had been collected previously for other purposes but was found useful in another study.
Answer:
the inventory value is $267,000
Explanation:
As we know that the inventory is valued at cost or market whichever is lower
As seen from the given information, the lesser value for all products are
Product A $87,000
Product B $58,000
Product B $122,000
So, the total is
= $87,000 + $58,000 + $122,000
= $267,000
hence, the inventory value is $267,000
Answer:
The price of the product is $59
Explanation:
Contribution margin is the net of the selling price and variable cost per unit. Contribution margin ratio is the ratio of contribution per unit to selling price per unit. As given below
Contribution margin ratio = Contribution margin per unit / Selling price per unit
23% = $13.57 / Selling price per unit
Selling price per unit = $13.57 / 23% = $59
Answer:
Debiting the buyer and crediting the seller by $94,000
Explanation:
Since the seller listed a property for $96,000 and it sold for $94,000, so the purchase price would be selling price of the property as the property would be sold and the other person pays the money to buy the property.
So, the purchase price would appear through
Debiting the buyer and crediting the seller by $94,000
or
Buyer A/c Dr $94,000
To Seller A/c $94,000
(Being purchase of property is recorded)
