Answer:
If you had purchased 10 shares of GoPro at the IPO (Initial Public Offering) on June 26, 2014 at 31.34, you would have spent <u>$313.40</u>.
If you were more of a “gambler” than an “investor”, and you saw the market shoot up for GoPro and hit 86.97 just 3 months later and decided to SELL, you would have recognized a capital gain of <u>$869.70 - $313.40 = $556.30</u>.
This would have resulted in a YIELD of <u>($556.30 / $313.40) x 100 = 177.5%</u>.
Let’s say you hung on to your 10 shares of GoPro, believing that it would get even better. Today it is listed at 4.42. If you were to sell, you would recognize a loss of <u>$44.20 - $313.40 = -$269.20</u>.
This would result in a YIELD of <u>(-$269.20 / $313.40) x 100 = -85.9%</u>.
The average annual yield for 5.5 years would then be <u>-12%</u>.
Look up GoPro today. GoPro currently trading at <u>$8.63 (January 7, 2021)</u>.
Explanation:
1 + 0.859 = (1 + r)⁵°⁵
⁵°⁵√1.859 = ⁵°⁵√(1 + r)⁵°⁵
1.12 = 1 + r
r = -0.12 (since the yield was negative, r must be negative)
Answer: total wage per week = $7.56 (assuming he worked for 52 weeks and produced those units in a year)
Explanation:
no.units wage per unit total wage wage per week
toaster 55 2 110 2.115384615
microwave 37 4.6 170.2 3.273076923
blender 73 1.55 113.15 2.175961538
total wage 393.35 7.564423077
Answer:
C. Debit to cash
D. Credit to notes receivable
Explanation:
When a company received money for previous sales, the following entry is required -
Debit Cash XXXX
Credit Accounts/Notes receivable XXXX
In that case, as Davis sold Weber equipment with an agreement of notes because of long-term payment, they treated the sale as a note receivable. Whenever the subsequent payment occurred, the entry to record the journal -
Debit to cash and Credit to notes receivable. Therefore, options C and D are both correct.
Answer: All of the other answer choices are true.
Explanation:
FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.
The following are true regarding the FIFO method:
• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.
• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.
• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.
Therefore, the correct option is D as all are true.
