Answer:
The correct answer is a price-weighted index.
Explanation:
A weighted price index is a type of stock index that is simply calculated as the arithmetic average of the price of the securities that make up the index, that is, it adds up the price of all the shares that make up the index and divides it by the number of actions that make up the index:
Weighted price index = Sum of the price of all shares / Number of shares
It reflects the variation in performance if we had an action of each index value. So the performance of these types of indices is greatly influenced by the values that have a very high price of their shares.
The beginning Merchandise Inventory account appears in the trial balance column on the worksheet. There are four columns in the worksheet, which are:
Trial balance
Adjustment
Balance sheet
Income statement
The beginning balance of merchandise inventory account will appear in the worksheet if a company uses the periodic method in recording its inventory.
The beginning merchandise inventory account shows the balance of merchandise inventory account before any related transaction have been added, such as purchase and sale<span>.</span>
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Answer:
$1.40 per mile
Explanation:
a. The computation of the depreciable cost per unit is shown below:
Depreciable Cost per unit = (Cost of Asset – Salvage Value) ÷ (Estimated Total Miles driven)
= ($148,000 - $8,000) ÷ (100,000 Miles)
= $140,000 ÷ 100,000 Miles
= $1.40 per mile
We simply applied the above formula to determine the depreciable cost per unit
Answer:
The answer is $1,714,000
Explanation:
This is an indirect method of preparing operating activities under cash flow.
Net income $1,500,000
Add back:
Depreciation. $153,000
Changes in working capital:
Add: Decrease in accounts receivables $343,900.
Subtract: Decrease in accounts payable. ($282,900)
Net cash from operating activities:
$1,714,000
