Answer:
(B) 9%
Explanation:
In order to calculate this you just have to do a simple rule of three with the 100% being the 450,000 you withdraw from the paid money the selling price of the bonds:
490,222-450000= 40,222
Now we do the rule of three using 450,000 as 100%:
So the actual rate would be 8,93 which is closest to 9% so that would be the answer.
Answer: Stockholders equity $254,900
Explanation: Stockholders’ equity is the difference in a company's total assets and total liability. From the above question, total stockholders’ equity is calculated thus:
Current assets = $435,200
Fixed assets = $550,800
Total Assets. $986,000
Current liabilities = $416,600
Long-term debt = $314,500
Total liability. $731,100
Total stockholders equity is Total Assets less Total liability.
Total Assets. $986,000
Total liability. ( $731,100 )
Stockholders equity $254,900
Answer:
The question is calculating the depreciation expense using straight-line method for 2018 and 2019?
Depreciation expenses for 2018: $725;
Depreciation expenses for 2019: $2,900.
Explanation:
We have yearly depreciation expenses is calculated as:
Yearly Depreciation expense = (Original cost - Salvage value) / Useful life = (19,500 - 2,100) /6 = $2,900.
For 2019, depreciation expense is recorded for the full-year at $2,900.
For 2018, depreciation expense is recorded for only three months ( as delivery truck was bought on Oct 1st 2018), which is calculated as: Yearly Depreciation expense / 12 * 3 = $725.
So, the answer is:
Depreciation expenses for 2018: $725;
Depreciation expenses for 2019: $2,900.
Answer:
B) If the IAR receives authority via telephone and this is followed by written authority within 10 days, the IAR may exercise discretion over the account.
Explanation:
The members of the North American Securities Administrators Association (NASAA) must follow their Model Rule which allows IAR the use of discretionary authority with verbal authorization (in this case a telephone call), but the verbal authorization must be confirmed by a written authorization within 10 days.
75,000$
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