Answer:
15%
Explanation:
Data provided in the question
Ending share price = $110
Initial price = $100
Dividend received = $5
The computation of the total return is shown below:
= {(Ending share price - initial price) + Dividend} ÷ (Initial price) × 100
= {($110 - $100) + $5} ÷ ($100) × 100
= $15 ÷ $100 × 100
= 15%
Basically we use the above formula so that the total return could come
Answer:
d.
Explanation:
Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.
Answer:
C) $0
Explanation:
Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.
In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.
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