Answer:
An correct statement was prepared for a comprehensive income which is given below.
Explanation:
Solution
Given that:
Cheyenne Corporation
Correct Statement of Comprehensive/General Income
Income before income taxes $371,000
The less Tax ($371,000 * 35%) $129,850
The Net Income $241,150
Other Comprehensive income
Unrealized profit on present for
sales securities, net of tax $57,655
The comprehensive income
($241,150 +$57,655) $298,805
Note:
The Unrealized profit on present for sales securities, net of tax is given as
=($88,700 * (100% -35%))
=$88,700 * 65%
=$57,655
Answer:
c. $1,000,000
Explanation:
The computation of the economic value added is shown below:
Economic value added = Operating income - total invested capital × WACC
= $3,000,000 - $20,000,000 × 10%
= $3,000,000 - $2,000,000
= $1,000,000
We simply deduct the total invested capital by multiplying the cost of capital from the operating income
Total cost for the trip = $800.
Let x = original number of friends.
Therefore the equally shared cost of the trip for each friend is $800/x.
After 2 friends drop out, the cost for each friend increases to $800/(x-2).
The increase in cost for each remaining friend is $20, therefore
Divide through by 20.
Cross multiply.
x(x - 2) = 80
x² - 2x - 80 = 0
(x + 8)(x - 10) = 0
x = -8 or 10
Reject x = -8 because we cannot have a negative number for friends.
x = 10
Answer: There were 10 friends in the original group.
FisherCo is intending to invest in a new project. The hurdle rate is the minimum rate of return the firm will accept on this project.
The hurdle rate is the minimum rate of return a project must have in order for a project to be accepted. It can also be referred to as the discount rate or the required rate of return or the cost of capital.
When the hurdle rate is greater than the internal rate of return of a project, the project would be rejected. If the hurdle rate is less than the internal rate of return of a project, the project would be accepted.
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Answer:
Alaska = 46.99 units
Best buy = 58.34 units
Ford Motor = 584.11 units
Explanation:
<em>To determine the unit of each class of stock to purchase, we wll multiply each of the percentages by the total fund to be arrive the proportion of fund to be invested in each class. </em>
<em>Further more, we will divide the allocated amount by the share price per unit</em>
Shares to be purchased to have the given proportion would be '
Alaska (20%) =(20%× 10,000)/42.56= 46.99 units
Best buy (30%) = (30% × 10,000)/ 51.42 = 58.34 units
Ford Motor (50%) = (50% × 10,000)/ 8.56 = 584.11 units
