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rodikova [14]
3 years ago
12

Arnie made 800,000 after deducting expenses when he sold the helicopter

Business
1 answer:
Maksim231197 [3]3 years ago
6 0
I think the correct answer is c , hope I helped
You might be interested in
Bill Dukes has $100,000 invested in a 2-stock portfolio. $32,500 is invested in Stock X and the remainder is invested in Stock Y
pshichka [43]

Answer:

0.98

Explanation:

Computation for Bill Duke portfolio's beta

First step is to find the Investment in Y which is:

Investment in Y=100,000-35,000

=$65,000

Second step is to calculate for the Portfolio beta using this formula

Portfolio beta=Respective beta*Respective Investment weight

Portfolio beta =(35,000/100,000*1.5)+(65,000/100,000*0.7)

Portfolio beta=(0.35*1.5) +(0.65*0.7)

Portfolio beta =0.525 +0.455

Portfolio beta=0.98

Therefore the Portfolio Beta will be 0.98

7 0
3 years ago
Kate also wishes to pay dividends on both her common shares and the preferred stock. She is a little confused between cash and s
11111nata11111 [884]

Find the answers in the explanation below

Explanation:

Cash dividend: Cash dividend is dividend that is paid in cash to shareholders in the event that the company or firm does not need the money for any kind of operation. This means that the company is giving economic value to its shareholders. This transfer of economic value to shareholder means that the shares price of the company will drop. An example is a company having a share dividend of 5%. That means that the price of the company shares will fall by 5%.

Stock dividend: Stock dividend unlike cash dividend is increase stock dividend as well as help stockholders to avoid tax. This subsequently does not increase the value of the company. For example, if stock dividend of a company is 5% and as much as 1 million shares, when stock dividends are declared the stockholder gets extra of 50,000 shares. The stock holder can either keep the shares or sell it to create his own

Cheers

5 0
3 years ago
On July1, 2018, Morrow Inc. purchased a spooler at a cost of $40,000. The equipment is expected to last five years and have a re
Mazyrski [523]

Answer:

(1) the double-declining-balance method

Depreciation for 2018 = $16,000

Depreciation for 2019 = $9,600

Book value of the spooler at December 31, 2018 = $24,000

Book value of the spooler at December 31, 2019 = $14,400

(2) the sum-of-year digits

Depreciation for 2018 = $12,000

Depreciation for 2019 = $9,600

Book value of the spooler at December 31, 2018 = $28,000

Book value of the spooler at December 31, 2019 = $18,400

Explanation:

(1) the double-declining-balance method

Note: See part 1 of the attached excel file for the computation of depreciation for 2018 and 2019 and the book value of the spooler at December 31, 2018 and 2019 using the double-declining-balance method.

Double-declining-balance method can be described as a depreciation technique in which the rate at which an asset is depreciated is twice depreciation rate for the straight line depreciation method.

The double-declining-balance depreciation rate for Morrow Inc. can therefore be calculated as follows:

Straight line depreciation rate = 1 / Number of expected useful years = 1 / 5 = 0.20, or 20%

Double-declining depreciation rate = Straight line depreciation rate * 2 = 20% * 2 = 40%

The 40% double-declining depreciation rate is what is employed in part 1 of the attached excel file table.

Note:

Although this is not part of the question but it will be useful for you in the future. The depreciation expenses for year 2022 is calculated by deducting the residual value of $4,000 from the 2022 Beginning depreciable amount (i.e. $5,184 - $4,000 = $1,184). The residual value of $4,000 therefore represents the book value at the end of year 2022.

(2) the sum-of-year digits

Note: See part 2 of the attached excel file for the computation of depreciation for 2018 and 2019 and the book value of the spooler at December 31, 2018 and 2019 using the sum-of-year digits method.

The sum-of-year digits method can be described as a depreciation method that accelerates deprecation by assuming that an asset’s productivity falls with the passage of time.

Under the sum-of-year digits method, the remaining useful life of the asset at the beginning of the period is divided by the sum of the year's digits to obtain the deprecation rate for that period.

For this question, the Sum of year digits used in the attached excel file is calculated as follows:

SYD = Sum of year digits = 1 + 2 + 3 + 4 + 5 = 15

Download xlsx
3 0
3 years ago
Two groups have different uses for a local field. A bird watching society enjoys studying the ground-nesting swallows that visit
Morgarella [4.7K]

The optimal use of the field during summer season is to provide the field to the bird watching society.

The optimal use of the field during summer season is to avoid the mountain bike camp and allow the bird watching society to enjoys studying the ground nesting swallows that visit each summer because bike camp can be planned at any other location.

But the birds can't nested except this place so the field should allow the bird watching society to enjoys studying the ground nesting swallows on the field so we can conclude that the optimal use of the field during summer season is to provide the field to the bird watching society.

Learn more about field here: brainly.com/question/7227990

Learn more: brainly.com/question/26053891

4 0
2 years ago
Gen-X Ads Co. produces advertising videos. During the current fiscal year, Gen-X Ads Co. received the following notes: Date Face
Alla [95]

Explanation:

The computation of given question is shown below:-

A.

Note  Due date      Calculation                         Amount

1.         13 Feb        $33,000 × 30 ÷ 360 × 4%       $110

2.      23  Apr        $60,000 × 45 ÷ 360 × 7%       $525

3.       10 Oct          $48,000 × 90 ÷ 360 × 5%       $600

4.       6 Nov           $16,000 × 75 ÷ 360 × 6%       $200

5.       14 Jan          $36,000 × 60 ÷ 360 × 8%      $480

6.      8 Feb            $24,000 × 60 ÷ 360 × 6%       $240

B. 10 Oct

Accounts receivable Dr,             $48,600

                To Interest revenue                            $600

                 To Notes receivable                            $48,000

(Being dishonor of notes receivable is recorded)

C. 31 Dec

Interest receivable                   $452

             To Interest revenue                $452

(Being Interest accrued on notes is recorded)

Note:- Accrued interest = ($36,000 × 8% × 46 ÷ 360) + ($24,000 × 6% × 21 ÷ 360)

= $368 + $84

= $452

D.

a. 14 Jan

Cash Dr,                            $36,480

   To Interest receivable               $368

    To Interest revenue                  $112

     To Notes receivable                $36,000

(Being notes and matured honored is recorded)

b. 8 Feb

Cash Dr,                          $24,240

    To Interest receivable                $84

    To Interest revenue                    $156

     To Notes receivable                  $24,000

(Being notes and matured honored is recorded)

Note 5:- Interest revenue = Interest receivable - Interest accrued

= $480 - $368

= $112

Note 6:- Interest revenue = Interest receivable - Interest accrued

= $240 - $84

= $156

5 0
3 years ago
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