Answer:
$7,900 = selling price
Explanation:
Giving the following information:
Original cost= $29,000
Accumulated depreciation= $24,000
Gain= $2,900
<u>First, we will determine the book value:</u>
<u />
Book value= original cost - accumulated depreciation
Book value= 29,000 - 24,000 = $5,000
<u>Now, the selling price:</u>
Gain/loss= selling price - book value
2,900= selling price - 5,000
$7,900 = selling price
Answer:
Ex-dividend date is 1st April 2010
The last day to purchase the share and still get the dividend proposed is 31st March 2010
Explanation:
The standard is that ex-dividend is two business days before the record date,giving a record date of April 5,2010 which is a Monday,it implies that the 4th Sunday and 3rd Saturday are not considered in the analysis.
Hence the ex-dividend is Thursday 1st of April 2010,as a result,for any shareholder to be entitled to this dividend he or she must have purchased the share of ABC corporation by 31st March 2010, a day before the ex-dividend date.
Answer:
The answer is True
Explanation:
Horizontal analysis is the comparison of historical financial information over a series of reporting period (financial periods). It can also be used to project the amounts of various line items into the future.
Explanation:
Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.
Answer:
d. banks and mutual funds.
Explanation:
Financial intermediaries are bodies or individuals that connect surplus and deficit agents. These institutions serve as middlemen among diverse parties in financial transactions. These include banks, mutual funds, pension funds, building societies etc. Banks and mutual funds are two of the economy's most important financial intermediaries.
