Answer:
$4,110 and 12.08%
Explanation:
The computation of the dollar return and the percent return is shown below:
Dollar Return = (Ending Value − Beginning Value) + Income earned
where,
Ending value is
= $126.69 × 300 shares
= $38,007
Beginning value is
= $113.39 × 300 shares
= $34,017
And, the income earned is
= Dividend per share paid × number of shares owed
= $0.40 × 300 shares
= $120
So, the dollar return is
= $38,007 - $34,017 + $120
= $4,110
And, the percentage return is
= (Dollar return ÷ Beginning value) × 100
= ($4,110 ÷ $34,017) × 100
= 12.08%
Answer:
The company must borrow $144000
Explanation:
The required ending cash balance is the balance that the company should have at the end of the period. The decision to borrow will be taken by comparing the actual ending balance with the required ending balance. If the actual ending balance is less than the required ending balance, only then the company needs to borrow to reach the desired level of ending balance.
The actual ending balance can be calculated as,
Actual Ending balance = Opening Balance + Cash receipts - Cash disbursements
Actual Ending balance = 126000 + 870000 - 1020000
Actual Ending balance = - $24000
Difference = -24000 - 120000 = - $144000
As the ending cash balance is negative ( - $24000) which means that there is a shortage of cash and the company does not have enough cash to meet the disbursements for the period and maintain the required ending cash balance. The negative sign in difference indicates shortage and the need for borrowing. The company should borrow for the amount of difference. Thus, the company should borrow $144000
Answer:
A. True
Explanation:
Balance sheet: The assets, liabilities, and equity of stockholders are recorded in the balance sheet. The accounting equation which is shown below is used
In this:
Total assets = Total liabilities + Stockholder equity
The balance sheet debit and credit side should be fair, equal and balanced.
In addition, it is always prepared on the date specified.
Answer:
offering a wide range of products
Explanation:
