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natima [27]
4 years ago
6

To calculate your return on a stock: If you bought a stock at $80 and earned a $3.00 dividend over the year and at the end of th

e year the stock value was $84, your return would be:
a. 8.75%
b. 8%
c. 9%
d. 9.25%
Business
1 answer:
grandymaker [24]4 years ago
7 0
New value: $87
new-orig= $7
7/80= 0.0875=87.5%
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A, B, and E

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Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the
aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

                                   

                                         Debit      Credit

Depreciation Expense $3,000

    Accumulated Depreciation $3,000

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Aleksandr-060686 [28]

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Report it to the right person

Explanation:

According to the article titled "What to do when you spot your employer doing something illegal" written by Catherine Conlan.

It says the best thing to do is to report it to the right person.

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Shtirlitz [24]

Answer:

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Purchases Discounts                                       (2,040)

Freight-In                                                              800

Merchandise Inventory, December 31, 20--(28,500)

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b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory.  It represents the cost incurred directly for the goods sold.  This means that indirect costs are not included in the cost of goods sold.  Such costs are usually deducted as period costs before arriving at the net income.

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