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Pie
2 years ago
6

Erin bought stock with company XYZ, deposited money in a CD account, and started investing on a regular basis in a mutual fund.

Did she diversify?
no
yes
Business
1 answer:
faust18 [17]2 years ago
5 0

It is true that Erin has a diversified portfolio as he invest in different investment.

<h3>What is a Portfolio diversification?</h3>

This refers to investing of funds in different asset classes and securities in an attempt to minimize the risk of a portfolio.

Hence, It is true & yes that Erin has a diversified portfolio as he invest in different investment.

Read more about diversification

<em>brainly.com/question/417234</em>

#SPJ1

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On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair v
vagabundo [1.1K]

Answer and Explanation:

The journal entries are shown below:

On Jan 1, 2014

Unearned compensation Dr. $45,000

        To paid in capital in excess of par  $35,500

        To common stock  $9,500

(Being the unearned compensation is recorded)  

On Dec 31,2014

Compensation expense Dr.  $15,000 ($45,000 ÷ 3 years)

         To unearned compensation $15,000

(Being one year compensation became due is recorded)  

5 0
3 years ago
Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of
vesna_86 [32]

Answer:

Explanation:

From the given information: we are to:

a)  Prepare an income statement for Ponzi for today and for each of the next three quarters. Ignore taxes. (LO1)

An income statement involves depicts the achievement of a certain business over  a period of time .

The income statement for Ponzi for today and for each of the next three quarters is as follows:

                        Quarter 1      Quarter 2       Quarter 3        Quarter 4

Sales                   $0                  $550              $600             $0

 (-)

cost of goods       0                   $500              $500             $0

sold

Net income           0                  $50                 $100               0

We will see that  in the first and the fourth quarter ; the firm neither pay any cash to purchase goods nor collect cash for sales. Thus ; the cashflow will be zero in those instances and we will consider only the second and the fourth quarter for sales income and production cost.

SO:

Quarter 2 sales = 50 × 11 = $550

Quarter 3 sales = 50 × 12 = $600

(b) What are the cash flows for the company today and in each of the next three quarters?

Cash flow is like a database that helps to keep tracks and records the cash inflows and cash outflows of a financial instrument.

The cash flow in each month is as follows:

                        Quarter 1      Quarter 2       Quarter 3        Quarter 4

Sales                   $0                  $550              $600             $0

 (-)

cost of goods       0                   $500              $500             $0

sold

Net income           0                  $50                 $100               0

Inventories         $1000          $500                   0                  0

Account

Receivables       0                    550                  600                0

Net working

capital                 $1000          $1050             $600                0

Change in WC   $1000           $50                 $450              $600

CashFlow           $1000          $0                  $550              $600

Hint:

The Cash flow = net income - change in net working capital

The net working capital = Inventory + Account receivables

Quarter 2 sales = 50 × 11 = $550

Quarter 3 sales = 50 × 12 = $600

(c) What is Ponzi’s net working capital in each quarter? (LO1)

The net working capital in each quarter can be illustrated as :

                        Quarter 1      Quarter 2       Quarter 3        Quarter 4

Inventories        $1000             $500              0                    $0

Account recei-    0                   $550              $600             $0

vables

Net working       $1000             $1050           $600               $0

capital

8 0
2 years ago
Part 1: Kathleen received land as a gift from her grandfather. At the time of the gift, the land had a FMV of $105,000 and an ad
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Answer:

d. $25,000

b. ($5,000) loss

Explanation:

In the first case, the gain or loss on this transaction is

Gain or loss on this transaction is

= Sale value of the land - adjusted basis of the land

= $110,000 - $85,000

= $25,000

We ignored the fair market value of the land for computing the gain or loss of the transaction

In the second case, the gain or loss on this transaction is

Gain or loss on this transaction is

= Sale value of the land - fair market value

= $80,000 - $85,000

= -$5,000 loss

8 0
2 years ago
Logano Driving School’s 2017 balance sheet showed net fixed assets of $4.6 million, and the 2018 balance sheet showed net fixed
r-ruslan [8.4K]

Answer:

$270,000

Explanation:

Net capital spending = Increase in net fixed assets + Depreciation expenses

= [ Net fixed assets at year end - Net fixed assets at the beginning ] + Depreciation expenses

= [$5,200,000 - $4,600,000] + $330,000

= $600,000 - $330,000

= $270,000

8 0
3 years ago
Issued stock for $6 cash (example).
cupoosta [38]

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                              To Common Stock.................................. $6

(Being Shares issued for cash)

                 Equipment............................DR $6320

                      To Cash.......................................................... $4893

                      To Accounts Payable................................ $1427

(Being Equipment Purchased partly for cash and partly on credit)

                  Long Term Debt...................................... $513

                 Interest Expense........................................$91

                          To Cash ............................................................... $604

(Being Loan Installment repaid)

                  Cash....................................DR  $87949

                  Accounts Receivable......DR $1039

                           To Sales..................................................$ 88988

(Being sales made partly in cash and partly on credit)

                Shipping Expense.......................... DR $10766

                  To Accounts Payable..................................$10766

(Being Shipping Expenses Incurred)

              Accounts Payable.............................DR $28241

                     to Cash............................................................... $28241

(Being Accounts Payables Paid off)

              Marketing Expenses........................DR $4332

                         To Cash......................................................... $4332

(Being Marketing Expenses incurred)

               Cash...............................DR $620

                   To Accounts Receivable......................$620

(Being Accounts Receivables Paid off)

             Cash...............................DR $6359

                   To Long term Debt............................... $6359

(Being Long Term Debt Borrowed)

                Cost of Goods Sold................DR $62752

                       To Merchandise Inventory..........................$62752

(Being Cost of Goods sold Recorded)

                Income tax Payable.....................DR $177

                  To Cash........................................................................$177

(Being Tax Payable Paid off)


5 0
3 years ago
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