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1 year ago

Which was the first company ever to get a capitalization of $1 trillion?

1 answer:

5 0

On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market capitalization.

On August 2, 2018, Apple became the first publicly traded U.S. business to reach a $1 trillion market capitalization. On August 19, 2020, just over two years later, it reached a $2 trillion valuation. Peers of Apple aren't far behind. Microsoft is at over $2.5 trillion, and Amazon is worth roughly $1.75 trillion. In 2021, Apple stock increased 34%.

In January 2022, Apple's market capitalization reached $3 trillion. The landmark, which is largely symbolic, shows that investors have recognised Apple's achievements over the past few years, during which time the company has announced numerous record-breaking quarters of significant growth across all of its product lines.

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Powell Company had the following errors over the last two years: 2019: Ending inventory was overstated by $58,500 while deprecia

erastovalidia [21]

Answer:

-$27,800

Explanation:

When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated . When an expense is overstated, the net income is understated and so is the retained earnings.

The net overstatement of inventory across the two periods

= $58,500 - $10,500

= $48,000

The net overstatement of depreciation across the two periods

= $24,800 - $4,600

= $20,200

Adjustments to retained earnings

= - $48,000 + $20,200

= -$27,800

7 0

3 years ago

A product sells for $30 per unit and has variable costs of $17.75 per unit. The fixed costs are $967,750. If the variable costs

Trava [24]

Answer:

not change

Explanation:

BEP (Units) = Fixed cost / (Unit selling price - Unit variable cost)

BEP (Units) Before the change is : 967750/ (30-17.75) = 79000 units

BEP (Units) after the change is: 1145500/(30-15.5) = 79000 units

--> BEP (Units) does not change

7 0

3 years ago

What will be your rate of return if the price of Telecom stock goes up by 10% during the next year? (Ignore the expected dividen

Ganezh [65]

Answer:

The answer is 12%

Explanation:

Initial investment:

$5,000 in equity + $5,000 in debt

=$10,000

Number of shares bought with the initial investment is:

Initial investment/Stock price

= $10,000/$50 = 200 shares.

The shares increase in value by 10%: $10,000 x 0.10 = $1,000.

Interest on debt = $5,000 x 0.08 = $400.

The rate of return will be:

($1,000 - $400) ÷ $5,000

0.12

Expressed as a percentage:

12%

8 0

3 years ago

Tariffs Group of answer choices may be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from fo

miv72 [106K]

Answer:

imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs).

Explanation:

A tariff is a compulsory sum levied on the importation of goods. the purpose of tariffs is either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs). by imposing tariffs, imported goods become more expensive. this discourages importation and encourages individuals to patronise locally produced goods.

3 0

4 years ago

EASY!!!! type a number and imma answer it

prisoha [69]

This is a question of random questions about your preferences and decision making, which can be a tool for identifying your personality traits.

<h3 /><h3>Why is personality traits important?</h3>

Personality corresponds to the set of psychological characteristics that a person can develop through their experiences and learning. Through such characteristics, the individual develops patterns of thought and behavior that will influence his social and professional life.

Therefore, in the academic and professional environment, there may be instruments such as tests and interviews to identify the individual's personality and greater understanding of their actions and motivations.

Find out more about personality traits here:

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7 0

3 years ago