Answer:
e. Statement of retained earnings.
Explanation:
Statement of retained earnings -
It refers to the financial statement , that defines the alterations in the retained earning , for a particular time period , is referred to as the Statement of retained earnings .
The statement mention the beginning and the ending retained earnings in the given time frame , which helps to calculates the corporate profit .
Hence , from the given information of the question,
The correct option is e. Statement of retained earnings .
Answer:
The "Kareem" realized loss on the exchange is <u>$8000.</u>
Explanation:
The adjusted basis is = $22000
"Fair market value" is = $14000
"Kareem" exchanges the truck for another truck = worth $14000
"Realized gain" or "Realized loss = basis in the truck - exchange value
Realized gain or loss = $22000 - $14000
Realized gain or loss = $8000
Kareem's loss on the exchange is $8000.
There is no "recognized gain" or "recognized loss" because the exchange is like a kind exchange which is not documented.
Answer:
4%
Explanation:
Solution:
Calculation for the the implied interest rate the investor will earn on the security
Using this formula
Future value = Present Value (1+r)^t
Where,
Future value =$7,300
present value = $6,000
t= period = 5 years
r= interest implied = ??
Let plug in the formula
Future value = Present Value (1+r)^t
$7,300 = $6,000 (1+ r)^5
1+ r = ($7,300/$6,000 )^(1/5)
1+ r = 1.216666666^(1/5)
1+ r = 1.04
r= 1.04-1
r= 0.04*100
r= 4%
Therefore the implied interest rate the investor will earn on the security will be 4%
Answer:
The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
Explanation:
X = number of passengers show up
X follow binomial distribution with n = 180 ,
p = 1 - 0.05
= 0.95
P(X = 178) = binom.dist(178,180,0.95,0)
= 0.004364
Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
