Answer: a. Western Power must comply with the Williams Act.
Explanation: The Williams Act was passed into law in 1968 and is a federal defining the rules of acquisitions and tender offers in response to hostile attempts at takeovers from corporate raiders who make cash tender offers for stocks they owned. These offers often destroy value since they force stockholders to tender stocks on a shortened timetable and as such, the Williams Act also includes time constraints specifying the number of days to make a decision and also the least amount of time such cash offers may be open. In accordance with the Act, Western Power must follow the tenets stipulated within the Act.
Answer and Explanation:
The journal entry is shown below:
Cost of goods sold Dr $2,650 ($15,010 - $12,360)
To Inventory $2,650
(Being the cost of goods sold)
By recording this we debited the cost of good sold as it increased the expenses and credited the inventory as it decreased the assets so that the correct recording and posting could be done
Answer: 7%
Explanation:
Given data:
P = $5,000
r = ?
t = 40years
i = $1,000,000
Solution:
NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000
( F/A , i , 40 ) = $1,000,000 / $5,000
= 200
From compound interest table
( F/A , 7% , 40 ) = 199.636
Therefore the return for the investment would be 7%
Answer:
B. - 5.71%
Explanation:
Given that
Purchase price = 1000 × 35 = 35000
Selling price = 1100 × 30 = 33000
Recall that
ROI = Net profit/total investment × 100
And that
Net profit = selling price - purchase price
= 33000 - 35000
= -2000
Therefore,
ROI = -2000/35000 × 100
= - 0.05714 × 100
= - 5.71 %
Thus, total return on investment is -5.71%
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no residual value.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 33,000/5= $6,600
