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3 years ago

As an investor and based on your understanding of risk, which of the following statements is true?

1 answer:

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Answer: B. You should invest in a stock if the expected rate of return from the stock is greater than the expected rate of return on an asset with a similar risk.

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(Evaluating profitability) Last year, Stevens Inc. had sales of $397,000, with a cost of goods sold of $115,000. The firm'

amm1812

Answer:

(A) Income statemnt for year ended 2XX9

sales 397,000

COGS (115,000)

gross profit 282,000

operating expenses (125,000)

income before taxes 157,000

income tax expense (53,380) <em>34% of 157,000</em>

Net Income 103,620

(B) Profit Margin 26.10%

(C) non-sufficent information

Explanation:

(A)

the dividends and retained earnings are not part of the income statment.

(B)

profit margin:

net income / sales = 103,620/397,000 = 0.261007556 = 26.10%

(C) non-sufficent information

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3 years ago

If your Company doesn't have cash flow which of these things is likely to happen

Ipatiy [6.2K]

lost of your company's jop

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4 years ago

Read 2 more answers

What are the benefits of naming a secondary beneficiary in a will? Check all that apply. It could prevent a will from going into

Gnom [1K]

Answer:

• It could prevent a will from going into probate

•It avoids confusion if the primary beneficiary on dies first

•It allows for another option if the primary beneficiary cannot inherit it

Explanation:

A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.

Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .

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4 years ago

Legal fees paid in connection with the purchase of land are $1,500. select between asset or expense (b) Eduardo, Inc. paves the

victus00 [196]

Answer:

Legal fee paid = Asset

Driveway = Asset

Meat-grinding machine = Asset

Prepaid rent = Asset

Wages for construction of buliding = Asset

Wages for delivery truck = Expense

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3 years ago

Read 2 more answers

Yancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such a

N76 [4]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Yancey applies its overhead cost to films based on direct labor-dollars.

At the beginning of the year, Yancey made the following estimates:

Direct labor dollars= 8,640,000

Fixed overhead cost= 5,184

Variable overhead cost per direct labor dollar= $0,21

To calculate the predetermined overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 5,184/8,640,000 + 0.21= 0.0006 + 0.21= $0.2106 per direct labor dollar

Now, we can calculate the allocated overhead for You Can Say That Again:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.2106*2,592,000= $545,875.2

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3 years ago