Answer:
I expect 4.6% Risk-free rate of return on a Norwegian security.
Explanation:
Spot rate = NKr5.9433 per $
US
Risk Free Rate = 3.2%
Inflation rate = 1.7%
Norway
Risk Free Rate = ?
Inflation rate = 3.1%
As we know
Real rate is the same globally
Real rate = Risk free rate - Inflation rate
Real Rate of US = Real Rate of Norway
US Risk free rate - US Inflation rate = Norway Risk free rate - Norway Inflation rate
3.2% - 1.7% = Norway Risk free rate - 3.1%
1.5% = Norway Risk free rate - 3.1%
Norway Risk free rate = 3.1% + 1.5%
Norway Risk free rate = 4.6%
Answer:
the earning per share is $2.30 per share
Explanation:
The computation of the earning per share is shown below;
As we know that
Earning per share is
= Net income ÷ weighted average of common stock shares outstanding
= $9,660,000 ÷ (4,100,000 + 4,300,000) ÷ 2
= $9,660,000 ÷ 4,200,000
= $2.30 per share
hence, the earning per share is $2.30 per share
Answer:
True
Explanation:
The FASB's norms (FASB Accounting Standards Update No. 2014-15
, August 2014) state that management is responsible for evaluating the conditions necessary for the company to continue operating and meeting its obligations within one year after the financial statements have been prepared.
Under the GAAP, management should continue to prepare financial statements as long as the company is able to operate until the company's liquidation is imminent. The going concern accounting principle states that the company will continue operating for the foreseeable future.
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