Answer:
The correct answer is C) Potential for high growh and dividend payments
Explanation:
When you purchase a stock of a company, you do it because you expect the company to grow and have good financial results. If the company has a good financial statement at the end of the year, it will pay you a dividend, which is the proportion of the company's profits in relation to the number of shares that you possess.
For example, if company ABC earned a $1,000,000 profit in 2019, and you own 1% of shares, the dividend that you would recieve is : $1,000,000 x 1% = $10,000
Answer:
The answer is: Edgar will receive $37,000
Explanation:
- Dowd's share of the company's losses is $80,000
- Edgar's share of the company's losses is $60,000
- Frost's share of the company's losses is $40,000
- Grant's share of the company's losses is $20,000
But since Grant is not willing to give more money to the partnership to cover his losses, the $9,000 difference must be divided by the remaining three partners. So they will divide Grant's losses as follows:
- Dowd's share of the Grant's losses is $3,600
- Edgar's share of the Grant's losses is $2,700
- Frost's share of the Grant's losses is $1,800
Then you add up all the losses the three remaining partners had:
- Dowd' total losses $83,600
- Edgar's total losses $62,700
- Frost's total losses $21,800
So when the partnership was dissolved, Edgar should have received $100,000 (capital) - $62,700 (total losses) = $37,200
I selected answer A since they probably rounded down Edgar's share to $37,000 (nearest possible choice).
Answer:
<u>February.</u>
Desired ending inventory = 10% of March Cost of goods(COGS):
= 10% * 35,000
= $3,500
Inventory needed = COGS + ending inventory
= 32,000 + 3,500
= $35,500
Beginning inventory = January ending inventory = $3,200
Required Purchases = Inventory needed - Beginning inventory
= 35,500 - 3,200
= $32,300
<u>March</u>
Desired ending inventory = 10% of April COGS:
= 10% * 40,000
= $4,000
Inventory needed:
= 35,000 + 4,000
= $39,000
Beginning inventory = February ending inventory = $3,500
Required purchases:
= 39,000 - 3,500
= $35,500
Answer:
The balance in ABC's Prepaid insurance-account as on Dec 31, 2018 is <em>$27,000</em>
Explanation:
Liability policy = ($54,000 / 18) × 6 months
Liability policy = $18,000
Crop damage policy = ($18,000 x 12 / 24)
Crop damage policy = $9,000
ABC's Prepaid insurance-account balance as on Dec 31, 2018 = $27,000
Thus,
Total Liability insurance period = 18
Now,
Expired period period - 12 months ( Jan 1, 2016 to Dec 31, 2016 )
Unexpired period = (18 - 12) months = 6 months
