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trasher [3.6K]
3 years ago
12

Washington has an extensive collection of baseball cards. He wants to know how much his mint condition, rookie-year Hank Aaron c

ard is worth. How might he determine the card’s current market value?
Business
1 answer:
Anit [1.1K]3 years ago
7 0

<u>Explanation:</u>

It is recommended by some to determine a card's current market value of by determining whether the card has been professionally graded by the Professional Sports Authenticator, if yes, then one can check up the value on the Sports Market Report (SMR).

However, the Hank Aaron card is Estimated to have a PSA 9 Mint Value of $17,500.

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Journalize the entries to record the following selected transactions.
zlopas [31]

Answer:

Journal Entries

                                               Dr.               Cr.

Sale of Merchandise

a. Account Receivable        $4,240

Sales                                                        $4,000

Sales Tax Payable                                  $240

Cost of Goods Sold             $2,360

Merchandise Inventory                          $2,360

b. Payment of Sales Tax

Sales tax Payable                 $42,110

Cash                                                         $42,110

Explanation:

Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.

Tax is paid and sales tax liability is reduced along with cash.

5 0
3 years ago
Read 2 more answers
Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of
lara [203]

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = \frac{Dividend}{Current price} + Growth rate

we will ignored Flotation costs  in this case

so it will be = \frac{3.5 * 1+0.1}{40} + 0.1

= 19.63 %

so correct option is a. 19.63%

5 0
3 years ago
What will happen to the U.S. Housing Market?
algol13

Answer:

Currently the price of homes has exceeded the 2006 peak, just before the housing bubble burst. The price index has increased more than 40% since 2012.

It has been many years now of a strong economy, with an economic expansion lasting for 11 years (since June 2009), which is actually record breaking. A lot of economists were expecting a recession soon, with the current health crisis not helping, and the recession finally arrived on June 2020.

The combination of historically high prices for homes and an economic recession can be very hurtful. The advantage of the current situation is that the level of delinquent or subprime mortgages is currently much lower than 14 years ago. Actually, the amount of debt per household has decreased since 2006, and is quite stable right now at moderate or low levels. Many households spent much of the past years paying off debt, so they didn't have time to take new debt.

If the recession gets worse, a price correction will be inevitable, but it wouldn't be as large as the 2007 decrease. Only in a few cities in California, Washington, Nevada and Oregon can you find situations similar to 2006, where a strong supply hasn't been enough to balance the prices due to a stronger demand and high mortgage debt. But even there, the situation will not be as bad.

8 0
3 years ago
This is more a question about highschool. What are exams like? I am going into High school next year. so yea
cestrela7 [59]
Are you doing online or going to an actual school?
8 0
3 years ago
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Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access t
Kay [80]
She would have to save up to $6,000
7 0
3 years ago
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