Answer:
Option (b) $30,000
Explanation:
Data provided in the question:
shares of common stock issued @ $7 per share = 10,000
shares of common stock issued @ $8 per share = 20,000
Net income = $100,000
Dividend paid = $50,000
Number of treasury stocks purchased = 3,000
Price per stock of treasury stocks = $10
Now,
The balance in the Treasury Stock account at the end of 2021
= Number of treasury stocks purchased × Price per stock of treasury stocks
= 3,000 × $10
= $30,000
Hence,
Option (b) $30,000
Answer: Swiss chocolate will become more expensive in the United States.
Explanation:
If the American dollar depreciates relative to the Swiss Franc then Swiss chocolate will become more expensive in the US.
This is because goods belonging to the country with the stronger currency will be more expensive in the country with the weaker currency.
For example, let's say the rate of USD to Franc was 1:1 and swiss chocolates cost Fr5 that means it would cost $5 as well in the US.
Now suppose the rates become, USD to Franc, 1.25:1 meaning the Franc is stronger now. The price of chocolate in Switzerland is still Fr.5 but now in the US it will go to,
= 5 * 1.25
= $6.25 meaning Swiss things are now more expensive in the States.
NB - Your third option says, "American computers will become less expensive in Italy". If this was a typo and you meant, "in Switzerland" then this option is CORRECT as well because American goods will be cheaper in Switzerland.
Cheers.
Answer:
(C) A perpetuity is a series of regularly timed, equal cash flows that is assumed to continue Indefinitely Into the future.
Explanation:
a false
the principal is never repaid on a perpetuity
d false the perpetuity is for an indefinite period of time.
definition:
the perpetuity consist in a principal which yield a return over time indefinite. this return do not include any amortization in the principal neither principal installment are done through the investment or loan life
Answer:
5
Explanation:
Interest earned ratio is a financial ratio used to measure a company's ability to meet its obligations to the providers of the long term debt based on earnings.
It is measured as the earnings before interest and taxes (EBIT) divided by the total interest payable on bonds and other debt.
Earnings before interest and taxes (EBIT) = $1,000,000 + $600,000 + $400,000 = $2,000,000
Farrar Cakes’ times interest earned ratio
= $2,000,000/$400,000
= 5
Answer:
Not everyone has a Financial Plan because some people don't even know the meaning of a Finiancial Plan and what is does for you in the feature. Some of the people in this world have a Financial Goal because they are either trying to buy there own house or trying to create a new business.
Explanation: