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On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share. The stock is classified as a

inessss [21]

The journal entry to record the <em>sale of the 3,500 shares</em> of stock on November 17 is as follows:

Debit Cash $102,550

Credit Investment in Marcelo Corp $99,855

Credit Gain from Sale of Investment $2,695

Data and Calculations:

February 15: Investment in Marcelo Corp $199,710 Cash $199,710 ($28.53 x 7,000)

April 15 Cash $8,050 Dividends Receivable $8,050

November 17: Cash $102,550 Investment in Marcelo Corp $99,855 Gain from Sale of Investment $2,695

Thus, the journal entry to record the <em>sale of 3,500 shares</em> is a debit to Cash, a credit to Investment, and a credit to Gain from Sale of Investment.

Learn more about recording the sale of investment in shares here: brainly.com/question/25781760

3 0

2 years ago

West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-

ale4655 [162]

Answer:

b. The ratio decreased

Explanation:

The current ratio is a financial performance measure that compares current assets to current liabilities, hence, in ascertaining the impact of the short-term borrowing on the current ratio, we would compute the current ratio before and after having taken the short term loan as shown thus"

current ratio=current assets/current liabilities

Before borrowing:

current ratio=$375,000/$150,000

current ratio=2.50

After borrowing:

current ratio=$375,000/($150,000+$75000)

current ratio=1.67(it has declined from earlier 2.50 to 1.67)

4 0

3 years ago

Discuss the implications of organizational structure and culture

kicyunya [14]

Answer:

The term "organizational culture" refers to the value and the environment, the norm within an organization. It is also what forms the organizational structure - which refers mainly to the management style and hierarchy in the organization. So that it has a decisive role in an organization. In addition, about its implication, it can be seen most in the activities of: management style (most appropriate style to manage the labor force to work most effectively); planning and design (the better culture implies the overall hierarchy and position in the organization, facilitate developing the fixed procedure to work on the project better); reaching compromises (the organizational culture determines the way the organization makes decision (encourage individual decision making or leave to high position only) , influencing the final decision).

3 0

3 years ago

Suppose Powers Ltd., just issued a dividend of $1.20 per share on it common stock. The company paid dividends of $.85, $.92, $.9

tino4ka555 [31]

Answer: 11.48%; 11.47%

Explanation:

Given that,

Dividend Issued on common stock = $1.20 per share

Dividend paid in last four years:

$.85 per share

$.92 per share

$.99 per share

$1.09 per share

Stock currently sells at = $53

Calculation of growth rates in dividends :

G1 = $\frac{0.92-0.85}{0.85}$

= 8.24%

G2 = $\frac{0.99-0.92}{0.92}$

= 7.6%

G3 = $\frac{1.09-0.99}{0.99}$

= 10.1%

G4 = $\frac{1.20-1.09}{1.09}$

= 10.09%

(1) Arithmetic growth Rate = $\frac{8.24+7.6+10.1+10.09}{4}$

= 9.01%

Cost of Equity = $\frac{(1.20)(1.0901)}{53}+0.0901$

= 11.48%

(2) Geometric growth Rate

$1.20=0.85(1+g)^{4}$

G = 9%

Cost of Equity = $\frac{(1.20)(1.09)}{53}+0.09$

= 11.47%

5 0

3 years ago

When you identify things that have given you trouble at work or in your personal life and then search for ways you can improve t

GalinKa [24]

A person can identify things that have given you trouble at work or in your personal life and look for ways to improve them by Innovation, knowledge and skills.

<h3>What is knowledge?</h3>

The idea of knowledge is one that connote the familiarity with some kind of information and theoretical views.

Knowledge is one that can be transferred from one person to another. By having the knowledge and skills, one can be able to handle issues that pertains to us in the right way and improve our lives.

Learn more about Innovation from

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3 0

2 years ago