Answer:
The answer is 13.84 percent
Explanation:
The formula for sustainable growth rate is:
(Return on equity(ROE) x retention rate)/1 - Return on equity(ROE) x retention rate
Retention rate = 1 - payout ratio.
So, retention rate = 1 - 0.24
= 0. 76
Return on equity(ROE)= 0.16
(0.16 x 0.76) / 1 - ( 0.16 x 0.76)
= 0.1216 / 1 - 0.1216
0.1216/0.8784
=0.1384
Expressed as a percentage:
13.84percent
Option a) $5075.88 is the addition to the retained earnings
Current profits less any dividends or other payouts to shareholders are a company's retained earnings. Every time an accounting entry is made that has an effect on a revenue or expense account, this sum is modified. A sizable retained profits balance suggests that the corporation is in a secure financial position.
Computing after-tax profit:
(Revenues - Interest cost - Depreciation - Cost of goods sold - Administrative costs) x ( 1 - tax)
= ($42629 - $1,230 - $2,609 - $23,704 - $7,040) x ( 1 - 22%)
= $6,275.88
Retained earnings addition:
= After-tax net profit - Dividends paid
= 6,275.88 - 1,200
= $5,075.88
Hence, option a) is the correct answer
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Answer:
As robotics quickly advance, scientists say the lines between robots and humans is beginning to blur.
That means one day with robotic prosthetics that work seamlessly with a human's muscles, with tiny robots that swim in our blood streams and fix medical problems and nano-scale robots implanted in our brains, we will become robotic humans.
As scary and sci-fi as that may sound, researchers say robotics will cure diseases, make amputees feel whole again and greatly extend our lives
Explanation:
Answer:
$10,140,000
Explanation:
To make consolidated statements company needs to consolidate the financial data of its own and its subsidiary.
Revenue can be consolidated of parent and subsidiary as follow:
First
Add revenue of both companies
Total Sales = Patti Company sales + Shannon Inc. sales
Total Sales = $10,000,000 + $200,000 = $10,200,000
Now deduct the sale made to each other because sales mad within the group is not recorded for consolidation purposes and it is not a sale for a group it is an internal group transfer.
Consolidated Sales = Total sales - Internal Sales
Consolidated Sales = $10,200,000 - $60,000 = $10,140,000
Answer:
See explanation section
Explanation:
As there is a difference between the physical count of the inventory and actual Inventory count, it indicates that the merchandise inventory is either sold or wasted. However, for continuing the operation smoothly, it is assumed as sold. Therefore, the journal entry to record the sale is -
December - 31 Cost of goods sold Debit 45,000
($415,000 - $370,000)
Merchandise Inventory Credit 45,000
(To record the sale of merchandise: adjusted)