Answer:
D.
Explanation:
A treasury note is a form of currency that needs to get paid back with interest at a certain date.
Treasury notes, also known as T-notes, are issued by the US treasury. It earns a fixed interest rate every six months till it gets matured. The treasury notes get issued in terms of 2, 3, 5, 7, and 10 years. By issuing the treasury notes, the US government partially funds itself.
A treasury note is a promissory note that is to be paid back with interest.
Therefore, option D is correct.
With sales of 9,000 units, contribution margin per unit of $32 and fixed costs total of $120,000, Lance's profit is $168,000.
<h3><u>
What is contribution margin?</u></h3>
- A gross or per-unit basis might be used to express the contribution margin.
- It indicates the additional revenue made for each product or unit sold after the variable element of the business's costs have been subtracted.
- The selling price per unit less the variable cost per unit is the contribution margin.
- The metric, also known as dollar contribution per unit, shows how a specific product affects the company's overall earnings.
Contribution margin offers a means of demonstrating the potential for profit of a specific product being offered by a business and displays the percentage of sales that goes toward paying the business' fixed costs. Profit is the amount that remains after fixed expenses have been paid.
Number of units sold = 9,000.
Contribution margin per unit = $32.
Expenses = $32 × 9000 = $2,88,000.
Profit = $2,88,000 - $120,000 = $1,68,000.
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Answer: 10.68%
Explanation:
The partner return on equity will be calculated by using the formula given as:
= (Partner Net income/Average Partner equity) × 100
The Partner’s Net income is $6250
Average partner equity = (Opening partner equity + Closing partner equity) × 100
= ($55,000 + $62,000) / 2
= $117,000 / 2
= $58500
The Partner return on equity will then be:
= 6250 / 58500 × 100.
= 10.68%
Answer:
1.Common Stocks Issues and Repurchases
2.Preference Stocks Issues and Repurchases
3.Dividends Declared
Explanation:
Common Stocks Issues and Repurchases
Common Stockholders have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.
Preference Stocks Issues and Repurchases
Preference Stockholders do not have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.
Dividends Declared
Dividends Paid are not included in Profit and Loss but in Statement of Changes in Equity.
Payment of Dividends adjusts the Retained Earnings Amount in Statement of Changes in Equity.
Answer:
it is frequently because of the non controlling interest, as these amounts do not appear on the separate companies' general ledgers.
Explanation:
Under consolidation where the investment in a company is not 100% and the investment is in between 50 - 100% then there is a minority interest calculated.
This is shown as a part of liability in the balance sheet.
Minority interest reflects the balance of non controlling interest in the company, and that it is a complete balance sheet part and is not stated in the income statement of the company.
As this is not a part of general accounting transaction it is not reflected in general ledger, and thus, it is the figure that is generally not stated in the consolidated balance sheet, which leads to mismatch the balance sheet.