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Paraphin [41]
3 years ago
5

Legal capital is best defined as

Business
1 answer:
Vanyuwa [196]3 years ago
7 0

Answer:

b. the par value of all capital stock issued.

Explanation:

As per the business format, capital of a company is the value of share capital.

Now, also legal capital means the share capital issued as this reflects the legal share of individual investors in the company.

Authorized capital is the value of maximum capital that can be issued by the company in the form of equity shares.

Issued capital is that part of authorized capital that is actually issued.

And therefore, the par value that is the face value of shares issued, that is equity issued is the legal capital of the company.

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In its income statement for the year ended December 31, 2022, Sunland Company reported the following condensed data.
melomori [17]

       Sunland Company

   Multi Step Income Statement

For the Year Ended December 31, 2022    

Net sales                                                                          $ 2,200,000

Less: Cost of goods sold                                                 ($ 1,257,000)

Gross margin / Profit                                                            $ 943,000

Less: Operating expenses                                                  ($ 722,000)

Income from operations                                                         $ 221,000

Other revenues and gains:    

Interest revenue                                                                     $ 35,000

Other expenses ans losses:    

Interest expense                                          ($ 72,000)  

Loss on disposal of plant assets                  ($ 18,000)           ($ 90,000)

Income before income taxes                                             $ 166,000

Income taxes expenses                                                         ($ 46,000)

Net income                                                                            $ 120,000

Sunland Company

Comprehensive Income Statement

For the Year Ended December 31, 2022    

Net income                                                                   $ 120,000

Add: Other comprehensive income                            $ 8,400

Comprehensive income                                            $ 128,400

Net income (NI), also called net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability.

Learn more about Net income (NI) here

brainly.com/question/15570931

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7 0
2 years ago
Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 9.1% and 12.
podryga [215]

Answer:

A.) ALPHA

Portfolio A = 8.5%

Portflio B = 13.5%

B.) Sharpe measure

Portfolio A = 0.1519

Portflio B = 0.1479

Explanation:

T- bill rate (Rf) =5%

S&P 500 index ( Rm) = 10%

Portfolio A;

Expected rate of return = 9.1%

Beta (B) = 0.7

Standard deviation (s) = 27%

Portfolio B;

Expected rate of return = 12.1%

Beta (B) = 1.7

Standard deviation = 48%

Required rate of return for both portfolios;

Rf + B × (Rm - Rf)

Portfolio A :

5% + 0.7 ×(10% - 5%) = 5% + 0.7 × (5%)

5% + 3.5% = 8.5%

Portfolio B :

5% + 1.7 ×(10% - 5%) = 5% + 1.7 × (5%)

5% + 8.5% = 13.5%

A) Alpha(A) of Portfolio A and B ;

A = Expected return - Required return

Alpha of portfolio A :

9.1% - 8.5% = 0.6%

Alpha of Portfolio B:

12.1% - 13.5% = - 1.4%

B.) Sharpe measure for portfolio A and B;

Sharpe ratio = (Expected rate of return - Rf) / s

Portfolio A = (9.1% - 5%)/27% = 0.1519

Portfolio B = (12.1% - 5%)/48% = 0.1479

I will choose Portfolio A

8 0
3 years ago
g Depreciation refers to which one of the following? The amount of money that is lost over a period when services are underutili
Ganezh [65]

Answer:

The answer is D

Explanation:

Depreciation is best described as An estimate of how much of a tangible asset has been used during an accounting period: considered an expense that does not require any cash outflow under the accrual basis accounting.

Depreciation reduces the value of an asset and it reduces it over the life span of an asset. Depreciation is a non cash reduction. Depreciation tells us how much the value of an asset has reduced.

The formula is (cost of the asset - any residual value) ÷ the number of useful life span

6 0
3 years ago
Pega if report is created in myco-hr-selfservice-work, what instances will the report return?
Yakvenalex [24]

Since a subclass can inherit the variables or methods of the superclass, the instances which the report will return is: B. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense.

<h3>What is a class?</h3>

A class can be defined as a user-defined blueprint (prototype) or template that is typically used by software programmers to create objects and define the data types, categories, and methods that should be associated with these objects.

In object-oriented programming (OOP) language, an object class represents the superclass of every other classes when using a programming language such as Java. Also, the superclass is more or less like a general class in an inheritance hierarchy.

Since a subclass can inherit the variables or methods of the superclass, the instances which the report will return is "MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense" because they are declared within the class group.

Read more on object class here: brainly.com/question/27999316

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Complete Question:

Consider the following Work-derived classes that belong to the same class group:

MyCo-HR-SelfService-Work

MyCo-HR-SelfService-Work-TimeOff

MyCo-HR-SelfService-Work-Expense

There are no instances of MyCo-HR-SelfService-Work.

If a report is created in MyCo-HR-SelfService-Work, what instances will the report return?

Group of answer choices.

A. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense, only if the "Report on Descendant Class Instances" checkbox is selected

B. MyCo-HR-SelfService-Work-TimeOff and MyCo-HR-SelfService-Work-Expense

C. No records

D. Instances of all Work- derived classes

5 0
1 year ago
The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li
Travka [436]
The answers are the following:
a. 
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500

b.
Brandon $7,000
Ryan <span>$7,000</span>
6 0
3 years ago
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