Answer:
Date General Ledger Debit Credit
May 24 Accounts Receivable-Old Town Café $18,450
Sales $18,450
Cost of goods sold $11,000
Inventory $11,000
Sept. 30 Cash $6,000
Allowance for Doubtful Accounts $12,450
Accounts Receivable-Old Town Cafe $18,450
Dec. 7 Accounts Receivable-Old Town Cafe $12,450
Allowance for Doubtful Accounts $12,450
Cash $12,450
Accounts Receivable-Old Town Cafe $12,450
The creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.
<h3>What is a
report wizard?</h3>
This refers to the self-service reporting solution that enables users to create business reports quickly and efficiently.
However, the creation of report with the report wizard differs from creating one with the report button because the report wizard allows the user to have more options and flexibility in the design.
Read more about report wizard
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Expected return of the stock is greater than 12%.
Using formula, Risk free rate + beta (market risk rate - risk free rate)\
= 2% + 2.0 (7%-2%)
= 13.6 - 0.4* risk premium
Risk premium of a stock is greater than 12%.
A stock's total return takes into account both capital gains and losses as well as dividend income, as opposed to a stock's nominal return, which only displays its price movement. In addition to considering the actual rate of return, investors should consider their ability to withstand the risk involved with a given investment. An investment's return on investment (ROI) provides a general indication of its profitability. The return on investment (ROI) is calculated by subtracting the investment's initial cost from its final value, dividing the result by the cost of the investment, and finally multiplying the result by 100.
Note that the full question is:
If the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the stock?
A. less than 12%.
B. 12%.
C. greater than 12%.
D. cannot be determined.
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Answer:
Explanation:
Adams division:
Net income - 605000
Minimum acceptable income = [Total capital employed*Rate of return] = 4000000*0.08=320000
Residual income= NI-Minimum acceptable income=605000-320000=285000
Jefferson division:
Net income - 315000
Minimum acceptable income = [Total capital employed*Rate of return] = 3250000*0.08=260000
Residual income= NI-Minimum acceptable income= 315000-260000= 55000
<span>The correct option is B. Convenience goods are those goods that are widely available and are often frequently bought with minimal efforts. Convenience goods appeal to large market, they are relatively cheap and consumers bought them with little or no planning. </span>
