Answer:
It means the cash is overstated.
Explanation:
An overstated balance is an account balance that is claimed to have a larger balance than would be the case. The overstated cash is present in the account.
Answer:
b. Be honest and provide the important reasons for the increase in individual contributions.
Explanation:
if the workers are knowing why they need to work more than they will ac tually do efforts to do the best. they wont ask question everytime manager comes in front of the workers.
Therefore, Corbin should be honest and provide the important reasons for the increase in individual contributions.
Answer:
$21000
Explanation:
To determine Gray’s tax basis for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and deduction items.
Gray’s beginning basis = $5,000
Gray’s 50% distributive share of ordinary income = 50% × $20000 = $10000
Gray’s 50% tax-exempt income= 50% × $8000 = $4,000 and
portfolio income = 50% × $4000 = $2,000
Therefore, the ending basis of Gray’s Fabco partnership interest = $5000 + $10000 + $4000 + $2000 = $21000
Answer:
Barber's Return on Equity (ROE) is 1.28%
Explanation:
The formula to compute the ROE of Barber is:
ROE = Net Income / Shareholder's Equity
= $250,000 / $195,000
= 1.28%
It is a measure of the profitability ratio which evaluates the firm ability for generating profits from investment of shareholders.
Working Note:
Shareholder Equity of Barber = Beginning capital - Withdrew amount
= $285,000 - $90,000
= $195,000
Correlation coefficent = 0.5356
<u>Explanation:</u>
Portfolio variance = (Standard of stock A * Weightage of stock A)2 + (Standard of stock B * Weightage of stock B)2 + 2 * (Standard of stock A * Weightage of stock A) * (Standard of stock B * Weightage of stock B) * Correlation coefficent.
Correlation coefficent
By calculating the above equation, we get,
=> Correlation coefficent = 0.5356
