Answer:
The mississippi college savings account program helps children save for more expensive schools by starting a savings account at a very young age.
The Mississippi College Savings Account Plan is helping bridge the economic drive by allowing the students to become familiar with the banking service, getting them used to the banking system and saving accounts.
Answer:
$210,000.
Explanation:
Given:
Cost of goods sold = $420,000
Sales revenue = $800,000
Operating expenses = $170,000
Question asked:
What amount will the company report for operating income ?
Solution:
As we know, Operating Income = Gross Profit- Operating Expenses
First of all we will find gross profit,
Gross Profit = Net Sales – Cost of goods sold
= $800,000 - $420,000
= $380,000
Now, Operating Income = Gross Profit- Operating Expenses
= $380,000 - $170,000
= $210,000
Therefore, consider the following year-end information for a company, its Operating Income is $210,000.
Answer:
P5=48.3860
Explanation:
Santa Klaus Toys
The Price of the stock 5 years from today will be :
P5=D6/(r-g)=
D0*(1+g)^6/(r-g)
Where
D0 =3
g =3.9%
r=11.7%
Hence:
P5=3*(1+3.9%)^6/(11.7%-3.9%)
P5=3*(1+0.039)^6/(0.117-0.039)
P5=3*(1.039)^6/(0.078)
P5=3.77410/0.078
P5=48.3860
Answer: A speculation
Explanation: A speculation is a form of information in widespread that doesn't have a solid proof. The information about the acquisition of another company by the employees has no solid proof therefore it's a speculation.
Answer:
A. Cash, Salary payable, and Retained earnings
Explanation:
The post-closing trial balance is prepared after recording the closing entries with respect to all revenues earned, all expenses incurred, and the cash dividend
.
It should be always matched and equal that means the total of the debit column and the total of credit column is equaled and zero.
So, the most appropriate option is A.
