When will the Social Security fund dry up at its current level?

The step in the formal planning process known as __________ involves studying past events, examining current conditions, and for

grigory [225]

Situation analysis

I hope this helps (:

6 0

2 years ago

Suppose you and a classmate are playing a game where your classmate proposes a division of $1.00. Then, you either accept or

AleksandrR [38]

Answer:

Your optimal strategy is to accept the proposed division.
Your optimal strategy is to offer your classmate $ 0.49.

Explanation:

An optimarl strategy is one that maximizes a player’s expected payoff. In this case this is a cooperative game.

6 0

3 years ago

M. Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No divi

Andru [333]

Answer:

$135000

Explanation:

Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100

Dividend paid= $375000.

Now, calculating preferred stock.

Preferred stock= $(10000 shares\times $100\times 8\%)= \$ 80000$

∴ Preferred stock= $80000

Cumulative dividend paid to shareholder= $(80000\times 2 + 80000) = \$ 240000.$

∴ Cumulative dividend paid to shareholder= $240000

Next, computing the amount of dividends will common stockholder receive.

Total dividend paid= $375000.

Dividend received by common stockholder= $(\textrm {Total dividend paid - cumulative dividend paid})$

⇒ Dividend received by common stockholder= $(375000-240000)= \$ 135000$

∴ $135000 dividend will be received by common stockholder.

7 0

3 years ago

Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of

Natasha_Volkova [10]

Answer:

8

Explanation:

The maximum amount she can spend is $12. If she buys 4 apples, it would cost her : 4 x $1.50 = $6. She would have $12 - $6 = $6 to spend on bananas.

If the price of bananas are $0.75, she can buy a total of $6 / $0.75 = 8 bananas

I hope my answer helps you

3 0

3 years ago

Prepare the general journal entries for Culver Company for____________.(a) The 2020 adjusting entry.(b) The sale of the Gordon s

-Dominant- [34]

Answer:

a) Debit fair value loss $7,900 Credit Investment $7,900

b) Debit Bank $66,300, Debit Fees $1,200 Credit investment $67,500

c) Debit investment $53,800, Credit Fees $1,300 Credit Bank $52,500

d) Debit Fair value loss $10,400 Credit Investment $10,400

Explanation:

c) the purchase of stock include fees and the fees are included in the cost of the shares and increase the cost of the asset hence they are capitalised on the cost. The fees are an expense directly associated with the purchase therefore are attributable costs.

the completed question

E17-15

(Equity InvestmentsTrading) Culver company has the following securities in its trading port- folio of securities on December 31, 2020.

Investments (Trading) Cost Fair Value

1,500 shares of Gordon, Inc., Common $73,500 $ 69,000

5,000 shares of Wallace Corp., Common 180,000 175,000

400 shares of Martin, Inc., Preferred 60,000 61,600

$313,500 $305,600

All of the securities were purchased in 2020.

In 2014, Culver completed the following securities transactions.

March 1Sold the 1,500 shares of Gordon, Inc., Common, @ $45 less fees of $1,200

April 1 Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300

Culver Companys portfolio of trading securities appeared as follows on December 31, 2021

Investments (Trading) Cost Cost Fair Value

5,000 shares of Wallace Corp., Common $180,000 $175,000

700 shares of Earnhart Corp. Common 53,800 $50,400

400 shares of Martin, Inc. Preferred 60,000 $58,000

293,800 283,400

Instructions

Prepare the general journal entries for Culver Company for:

(a)The 2020 adjusting entry.

(b) The sale of the Gordon stock.

(c)The purchase of the Earnhart stock.

(d) The 2021 adjusting entry for the trading portfolio

3 0

3 years ago