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Sergeeva-Olga [200]
4 years ago
15

Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this informat

ion, being careful to include only those items that should appear in that financial statement. 1. Cash received from bank loans was $10,000Revenues earned and received in cash were $9,850. 3. Dividends of $4,000 were paid to stockholders. 4. Expenses incurred and paid were $5,465
Business
1 answer:
vladimir1956 [14]4 years ago
5 0

Answer:

net income     4,385

Explanation:

The income statment will only include revenues and expenses account.

A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.

While expenses will be the cash erogation or losses iincurred in the business activities, their financing like interest expenses and other.

revenues       9,850

expenses     <u>  5,465   </u>

net income     4,385

The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information

The dividends also aren't an expense they represent the return to the investors.

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Alpha Industries stock sold for $39 a share at the beginning of the year. During the year, the company paid a dividend of $3 a s
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The dividends paid seem to outweigh the capital loss but we cannot be certain of this unless we know the tax rate being applied to the dividends and because these are usually high, the after tax dividends might have been lower the capital loss of $2.

8 0
3 years ago
A portfolio is entirely invested into BBB stock, which is expected to return 16.4 percent, and ZI bonds, which are expected to r
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Answer:

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Explanation:

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Expected Return is

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= 7.87% + 4.47%    

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3 years ago
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4 years ago
The fritolay, a standalone division of pepsico may be classified as a(n) question content area bottom part 1 a. investment cente
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