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Bess [88]
2 years ago
7

On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amount

of the insurance expense will be reported on the annual income statement for the year ended December 31?
Business
1 answer:
xz_007 [3.2K]2 years ago
5 0

Answer: The answer is 337,5

Explanation:  

First step: The insurance policy was paid for 3 years, we have to know how many months there are in 3 years. We calculate (3 years x 12 months = 36 Months). Then the insurance policy was paid for 36 months.

Second step: The amount paid was $ 1350. We have to know how much corresponds to each month. We calculate (1350/36 months = 37.5 each month)

Third step: We must count the months from April 1 to December 31. It's 9 months.

Fourth step: Multiply the amount of each month by the number of months between April and December (9). We calculate (37.5 x 9 = 337.5)

I hope you find it useful.

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Miltmar Corporation will pay a year-end dividend of $4, and dividends thereafter are expected to grow at the constant rate of 4%
____ [38]

Answer:

A. Market Capitalization rate = 13%

B. Intrinsic Value = $46.22

Explanation:

<em>A. Market Capitalization rate:</em>

CAPM should be used to calculate market capitalization from the given data. Following is the formula for CAPM

CAPM=r+(MxB)

r = risk free rate

M = market portfolio return

B = beta

Solution:

CAPM=0.04+(0.75x0.12)

CAPM = 13%

<em>B. Intrinsic Value of stock</em>

Gordon Growth Model (GGM) should be used to calculate intrinsic value of stock based on the given data.

Following is the formula for GGM

GGM=Dx(1+g)/(r-g)

D = Current Dividend

g = Dividend Growth rate

r = market capitalization rate (CAPM calculated in part A)

Solution:

DDM=4x(1+0.04)/(0.13-.04)

DDM = $46.22

<em>Note: All values are rounded off to two decimal points.</em>

7 0
3 years ago
The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is
dolphi86 [110]

<u>The </u><u>separation </u><u>of a </u><u>manufacturing process</u><u> into distinct tasks and the assignment of different tasks to different individuals is called </u><u>specialization</u><u>.</u>

What is the separation of a manufacturing process?

  • The number one production thing of the chemical system industries is separation processes (CPI).
  • These crucial responsibilities encompass doing away with impurities from uncooked materials, improving and purifying number one products, and casting off impurities from effluent water and air streams.

What is conditioning withinside the production system?

  • A material's inner structure is altered in the course of conditioning processes, converting the material's houses.
  • These tactics modify a material's hardness, corrosion resistance, strength, or different houses via the usage of heat, mechanical force, or chemical reaction.

Learn more about specialization

brainly.com/question/3722777

#SPJ4

6 0
1 year ago
Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of whic
BartSMP [9]

Answer:

$1,032

Explanation:

Calculation to determine What monthly rent must she charge for each apartment to break even

First step is to calculate the Monthly costs using this formula

Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs

Let plug in the formula

Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]

Monthly costs= $1,510 + 192+ 121 + 241

Monthly costs= $2,064

Now let calculate the Break-even monthly rent per apartment

Using this formula

Break-even monthly rent per apartment = Monthly costs / 2

Let plug in the formula

Break-even monthly rent per apartment = $2,064 / 2

Break-even monthly rent per apartment = $1,032

Therefore What monthly rent must she charge for each apartment to break even will be $1,032

3 0
3 years ago
Eurocurrency is the euro, the common currency of Europe. is a time deposit of money in an international bank located in a countr
Leona [35]

Answer:

is a time deposit of money in an international bank located in a country different from the country that issued the currency.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).

It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).

Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.

3 0
2 years ago
what problems do you think Hudson will face on entering the European market? Make a list of your ideas?
xz_007 [3.2K]

Answer:

let me check

Explanation:

ok https://www.coursehero.com/file/49694693/Hudson-Corporation-1docx/

4 0
3 years ago
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