Answer:
a.has the right to inspect partnership books and records at all reasonable times.
Explanation:
A general partner is that partner that has responsibility for the actions of the business. The action or inaction of a general partner legally binds the business/partnership to other parties.
The general partner is also personally liable for all the business's obligations.
As such, the general partner has the right to inspect partnership books and records at all reasonable times.
The right option is a,
Answer:
Explanation:
arithmetic average growth rate = {[(1.33 - 1.25)/1.25] + [(1.40 - 1.33)/1.33] + [(1.51 - 1.40)/1.40] + [(1.59 - 1.51)/1.51]} / 4 = {0.064 + 0.053 + 0.079 + 0.053} / 4 = 0.06225 x 100 = 6.225%
geometric growth rate = ⁴√{0.064 x 0.053 x 0.079 x 0.053} = 0.061%
a) using arithmetic average growth rate
Div₁ = $1.59 x 1.06225 = $1.689
P₀ = $40
g = 6.225%
40 = 1.689 / (Re - 0.06225)
Re - 0.06225 = 1.689 / 40 = 0.04222
Re = 0.04222 + 0.06225 = 0.10447 = 10.45%
b) using geometric average growth rate
Div₁ = $1.59 x 1.061 = $1.68699
P₀ = $40
g = 0.061%
40 = 1.68699 / (Re - 0.061)
Re - 0.061 = 1.68699 / 40 = 0.04217
Re = 0.04217 + 0.061 = 0.103174 = 10.32%
Answer:
a. 50, which is high by historical standards.
Explanation:
a. 50, which is high by historical standards.
It is high because current price is high than earnings.
Earning yield is the reciprocal of price earning ratio that is = 1/ (P/E ratio) expressed as a percentage.
So
PRice Earning ratio = Market price per share/ Earning per share
Price Earning ration= $20/ 0.4 = 50
Earning per share= Earnings/ No of shares outstanding
EPS= $ 1 million/$ 2.5 million = 0.4
Answer:
The answer is
A. $955,700
B. $570,900
C. $734,400
Explanation:
A. Cost of sales
Gross profit = Sales - Cost of sales.
Therefore, Cost of sales will now be:
Sales - Gross profit
$1,309,200 - $353,500
=$955,700
B. Direct materials cost
Direct materials cost = material purchased - indirect materials - ending material Inventory
$667,700 - $48,400 - $48,400
=$570,900
C.Direct labor cost
Direct labor cost = manufacturing costs for the period - Direct materials cost - Other factory overhead - Indirect labor
$1,445,400 - $570,900 - $22,300 - $117,800
=$734,400
Answer:
$254,100
Explanation:
The computation of the cost of direct materials used in production is shown below:
= Direct materials purchased + Beginning raw materials inventory - Ending raw materials inventory - Indirect materials requisitioned and used
= $254,000 + $12,000 - $7,900 - $4,000
= $254,100
Hence, all the other information is not considered. Therefore, ignored it
