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2 years ago

7

Describe two financial goals that you would want to meet before you begin investing. Explain why you would want to reach those g

oals first.

1 answer:

salantis [7]2 years ago

4 0

One would be getting out of credit card debt.
<span>another would might be having a savings account in case you lose a job.</span>

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Machinery was purchased for $85,000. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundatio

tia_tia [17]

Answer:

b. $16,700

Explanation:

The computation of the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($98,500 - $15,000) ÷ (5 years)

= ($83,500) ÷ (5 years)

= $16,700

The original cost is computed below:

= Original cost of machinery + freight charges + cost of building a foundation and installing the machinery

= $85,000 + $3,500 + $10,000

= $98,500

In this method, the depreciation is same for all the remaining useful life

7 0

2 years ago

Debbie sells fancy apples at the farmer's market each saturday. a dozen apples sell for $25. debbie pays $1.75 for each apple. w

marishachu [46]

33 cents or 0.33 dolars

6 0

2 years ago

Which resource management task determines the type, quantity, receiving location, and users of resources?

masha68 [24]

Answer:

D - identify Requirements

Explanation:

Identify requirements is a part of management task that is being done in order to obtain full information regarding the resources that can and will be available for the organization.This task is crucial and important

3 0

2 years ago

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Co

ale4655 [162]

Answer:

(a) the earnings per share = $3

(b) the price-earnings ratio = 8x

(c) the dividends per share = $0.25

(d) the dividend yield = 1.04%

Explanation:

Common Stock Outstanding = 5,250,000/25 = 210,000 shares

Preferred Stock Outstanding = 6,000,000/200 = 30,000 shares

Preferred Stock Dividend per share = $4

(a) Earnings Per Share

EPS = <u>Net Income - Preferred Dividend</u>

Common Stock Outstanding

EPS = <u>750,000 - (30,000 * 4)</u>

210,000

EPS = <u>630,000</u>

210,000

EPS = $3

(b) Price-Earnings Ratio

Market Price = $24

EPS = $3

P/E ratio = <u>Market Price</u>

EPS

P/E ratio = 24/3

P/E ratio = 8x

(c) Dividends Per Share

DPS = <u> Total Dividends </u>

Common Stock Outstanding

DPS = 52,500/210,000

DPS = $0.25

(d) Dividend Yield

DY = <u>Dividend Per Share</u>

Price

DY = 0.25/24

DY = 1.04%

6 0

3 years ago

True Tomato Inc. makes organic ketchup. To promote its products, this firm decided to make bottlesin the shape of tomatoes. To a

Fittoniya [83]

Answer:

3) physical-asset specificity

Explanation:

In a business to business relationship, physical asset specificity refers to an asset, or product or service designed to fit a particular or specialized customer's need.

In this case, True Tomato needs a very specific type of bottle that probably no other ketchup manufacturer may use or want to use. So their bottle supplier specifically manufactures the tomato shaped bottle to meet True Tomato's specific requirements.

5 0

2 years ago