Answer:
Their total assets next year has to be $124,725
Explanation:
<em>Step 1: Determine the initial assets and liabilities</em>
The total assets can be expressed as;
A=C+E
where;
A=total assets
C=common stock
E=retained earnings
In our case;
A=unknown
C=$12,173
E=$91,949
replacing;
A=12,173+91,949=$104,122
<em>Step 2: Determine total liabilities</em>
Total liabilities=initial liability+dividends
where;
Initial liability=$73,225
dividends=$15,000
replacing;
Total liabilities=73,225+15,000=$88,225
<em>Step 3: Determine new assets</em>
Using the formula;
Net profit=new assets-total liabilities
where;
Net profit=$36,500
new assets=unknown=n
total liabilities=$88,225
replacing;
36,500=n-88,225
n=36,500+88,225=$124,725
n=$124,725
Their total assets next year has to be $124,725
<em />
Answer:
= $2,748
Explanation:
Number of shares purchased = 400
Price per share (a year ago)= $24.15
Total price paid a year ago = 400*$24.15 = <em>$9,660 </em>
Annual dividend per share = $1.82
Total dividend earned = 400 * $1.82 =<em> </em><em>$728</em>
Price per share (today)= $29.20
Proceeds from sale of shares today = 400*$29.20 = <em>$11,680</em>
Next, find total dollar return;
<em>Total dollar return</em><em> = </em>Total dividend earned + Proceeds from sale of shares today - Total price paid a year ago
= <em>$728+ $11,680 - $9,660 </em>
<em>= $2,748</em>
<u>Answer:
</u>
With an ATM checking account, you are typically charged a fee if you use teller services is a false statement.
<u>Explanation:
</u>
- The ATM facility has been rolled out in order to dispense convenience to the users of cashless transactions or of withdrawing cash whenever need.
- This service is not charged as long as there are not any extra facilities demanded like that of international transactions.
- Charging a fee for using an ATM would decrease the number of its users drastically.
Answer:Gorbachev started reforming the Soviet Union by implementing policies to bring about individual freedom, bureaucratic transparency and to stimulate economic change, most notably with the Sinatra Doctrine and Glasnost.
Explanation:
