Which type of financial institution is owned by its depositors and borrowers?

kristen and harrison are equal partners in the kh partnership. the partners formed the partnership 5 years ago by contributing c

Sauron [17]

Answer: Harrison will acknowledge a gain equal to the difference between his basis and the distribution . This is because he receives only money in the distribution and the amount transcend his basis in KH. He further allot his entire basis in KH to the basis in the money received resulting in $0 basis in KH after the distribution.

∴ <em>The capital gain will be $6000 i.e. (50000 - 44000) and $0 basis.</em>

4 0

3 years ago

On March 17, Jackal Lumber sold building materials to Fredo Limited for $15,000 with terms of 3/10, net 20. What amount did Jack

Brrunno [24]

Answer:

$15,0000 is recorded as revenue

Explanation:

The amount of $15,000 is recorded as revenue immediately the sale is made on March 17. The Discount allowed of $300 (2%).

"3/10, Net 20" means Fredo will enjoy 2% discount if he pays within 10 days or pays in full within 20 days. The amount recorded in revenue will not change regardless of which option he chooses.

8 0

3 years ago

Read 2 more answers

The functional distribution of income shows the distribution of income among ______ and the personal distribution of income sho

lutik1710 [3]

<span>The functional distribution of income shows the distribution of income among factors of production and the personal distribution of income shows the distribution of income amonghouseholds. The function distribution is attributed to the company performance, so it does look in to resources and the all levels of staff where as the personal distribution is associated with a single individual who is concerning towards his household.</span>

5 0

3 years ago

You own the following portfolio of stocks. What is the portfolio weight of Stock C?

LuckyWell [14K]

Answer:

38?59%

Explanation:

Calculation for the portfolio weight of Stock C

First step is to calculate the Total Value of Stock A to Stock D in the Portfolio using this formula

Total Value of stock A to stock D in Portfolio = Number of Shares * Stock Price

Let plug in the formula

Total Value of stock A to stock D in Portfolio = (A 120 *$32)+ (B 750* $28)+ (C 450* $52) +(D 240* $51)

Total Value of stock A to stock D in Portfolio = A $3,840+ B$21,000+C$23,400+D$12,240

Total Value of stock A to stock D in Portfolio=$60,480

Last step is to calculate the portfolio weight of Stock C using this formula

Portfolio weight of Stock C =Stock C /Total Value of stock A to stock D in Portfolio

Let plug in the formula

Portfolio weight of Stock C= 450 *$52/$60,480

Portfolio weight of Stock C=$23,400/$60,480

Portfolio weight of Stock C=0.3869*100

Portfolio weight of Stock C=38.69%

Therefore the Portfolio weight of Stock C will be 38.69%

7 0

3 years ago

Walker Machine Tools has 6.5 million shares of common stock outstanding. The current market price of Walker common stock is $72

Ksivusya [100]

Answer:

(a) Earnings per share = Net income ÷ Number of shares

= $22,500,000 ÷ 6,500,000

= $3.46

Price-earnings ratio = Stock price ÷ Earnings per share

= $72 ÷ $3.46

= 20.81

(b) Earnings per share = Net income ÷ Number of shares

= $22,500,000 ÷ (6,500,000 + 650,000)

= $3.15

R = (M0 - S) ÷ (N + 1)

= ($72 - $66.50) ÷ (7 + 1)

= $0.69

where,

M0 = current market price of Walker common stock

S = selling price per share

N = seven rights is needed to buy one of the new shares

Ex-rights price = Rights-on price - Rights value

= $72 - $0.69

= $71.31

Price-earnings ratio = Stock price ÷ Earnings per share

= $71.31 ÷ $3.15

= 22.64

3 0

3 years ago