Solution :
The following journal entry will be prepared to record the transactions
Date General Journal Debt($) Credit($)
Jan 1 Investment in Cheyenne Co. 2,418,000
(465,000 x 40% x $13)
Cash 2,418,000
Oct. 25 Cash (465,000 x 40% x $0.4) 74,400
Investment in Cheyenne Co. 74,400
Dec 31 Investment in Cheyenne Co. 373,600
($934,000 x 40%)
Equity income in Cheyenne Co. 373,600
Answer:
Periodic payment = $3,531.54
Explanation:
Given:
Future value = $42,400
Rate (r) = 4% = 0.04
Number of year (n) = 10
Pmt = periodic payment = ?
Computation of periodic payment:
![Future \ value = Pmt[\frac{(1+r)^n-1}{r} ]\\\\42,400 = Pmt[\frac{(1+0.04)^{10}-1}{0.04} ]\\\\42,400 = Pmt[\frac{(1.04)^{10}-1}{0.04} ]\\\\42,400 = Pmt[\frac{1.48024428-1}{0.04} ]\\\\42,400 = Pmt[\frac{0.48024428}{0.04} ]\\\\42,400 = Pmt[12.006107]\\\\\frac{42,400}{12.006107}= Pmt \\\\Pmt = 3,531.536](https://tex.z-dn.net/?f=Future%20%5C%20value%20%3D%20Pmt%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B%281%2B0.04%29%5E%7B10%7D-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B%281.04%29%5E%7B10%7D-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B1.48024428-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B0.48024428%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B12.006107%5D%5C%5C%5C%5C%5Cfrac%7B42%2C400%7D%7B12.006107%7D%3D%20Pmt%20%5C%5C%5C%5CPmt%20%3D%203%2C531.536)
Periodic payment = $3,531.54
$60 one year ago. The stock is now worth $70. During the year, the stock paid a dividend of $2.25. The total return to George from owning the stock would be 20% (after rounding off the answer to the nearest whole percent).
- Total return on share is the summation of dividend and price appreciation.
- Since, the dividend = $2.25
- Then, to ascertain price appreciation we need to subtract the dividend from the total return on the share.
- Price appreciation = $70 - $60 = $10
- Total return can be calculated hence.
- Total return = $10 + $2.25 = $12.25
- Therefore, the total return for George was $12.25.
- To round off the answer to the nearest whole percentage:
- Total return percent = $12.25/$60 = 20% approximately
Therefore, the total return to George from owning the stock would be 20%.
Learn more about total returns here:
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Answer:
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
Explanation:
For journalizing the lump sum purchase entry first we need to compute the allocated cost assigned to each asset which is shown below
(A) (B) (A × B)
Asset Market value Percentage of total value Purchase price Assigned value
Land $33,000 10% $300,000 $30,000
Building $264,000 80% $300,000 $240,000
Equipment $33,000 10% $300,000 $30,000
Total value $330,000
Now the journal entry is
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
We simply debited the assets as it increased the asset account and at the same time the cash is paid so it decreased the asset account
Answer:
the special sense by which the qualities of an object (such as color, luminosity, shape, and size) constituting its appearance are perceived through a process in which light rays entering the eye are transformed by the retina into electrical signals that are transmitted to the brain via the optic nerve
