Answer:
The correct option is d) 12.75
Explanation:
Given,
The original price, P = $ 3.50,
Growth rate per year, r = 9.0% = 0.09,
So, the price after t years,
If A = 3P = 3(3.50) = 10.5,
Taking log both sides,
Hence, it will take 12.75 years for Ellis EPS to triple.
i.e. 'option d' is correct.
Answer:
a. Accounts receivable period:
= Accounts receivable turnover ratio * 365 days
= (Average accounts receivable / Sales) * 365
= (110 / 5,000) * 365
= 8.0 days
b. Accounts Payable period:
= Accounts payable turnover ratio * 365
= (Average accounts payable / Cost of goods sold) * 365
= (270 / 4,200) * 365
= 23.5 days
c. Inventory period:
= Inventory turnover ratio * 365
= (Average inventory / Cost of goods sold) * 365
= (550 / 4,200) * 365
= 47.8 days
d. Cash cycle:
= Inventory period + Accounts receivables period - Accounts payable period
= 47.8 + 8 - 23.5
= 32.3 days
Answer:
total paid-in capital = $110,000
Explanation:
When investors or shareholders pay a lump sum money to a company to get the stock of the that company, it is called paid-in capital.
Here, the par value = $1, therefore, additional capital per stock = $30 - $1 = $29
For preferred stock,
Par value = $10, and additional paid-in capital per stock = $(80 - 10) = $70.
See images to get the explanation:
Answer:
Amortized to pension expense $21,600
Explanation:
Compututation of Indigo’s minimum amortization of the actuarial loss
Amortization
Projected benefit obligation($3,386,000)
Plan assets $3,617,000
Corridor percentage10%
Corridor amount $361,700
Accumulated loss $528,020
Excess loss subject to amortization $166,320
($361,700- $528,020)
Average remaining service 7.70
Amortized to pension expense $21,600
($166,320÷7.70)
Therefore the Minimum amortization of the actuarial loss will be $21,600
