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4 years ago

Other things the same, an increase in the price level causes the interest rate to

Business

1 answer:

PilotLPTM [1.2K]4 years ago

6 0

Raise both the quantity demanded and supplied of goods and services, but lower the quantity supplied

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Your portfolio is comprised of 30 percent of stock X, 25 percent of stock Y, and 45 percent of stock Z. Stock X has a beta of 1.

Evgesh-ka [11]

Answer:

The beta of your portfolio is 0.9045

Explanation:

Hope this help :D

6 0

4 years ago

Towson Corp., had 6,000 shares of $100 par, 4% cumulative preferred stock as of January 1, 2018. No additional shares of preferr

aleksandr82 [10.1K]

Answer:

Common Dividend paid in 2019 = $37,000

Explanation:

Given:

Number of shares = 6,000

Rate = 4% = 0.04

Share price = $100

Computation of per year Dividend

Dividend = Number of shares × Share price × Rate

Dividend = 6,000 × $100 × 0.04 = $24,000 per year

Preferred dividend for 2 years = $24,000 × 2 = $48,000

Computation of Dividend paid in 2019:

Total Dividend paid = $85,000

Preferred dividend for 2 years = $24,000 × 2 = $48,000

Common Dividend paid in 2019 = $85,000 - $48,000

Common Dividend paid in 2019 = $37,000

8 0

3 years ago

As of December 31, 2020, Gill Co. reported accounts receivable of $216,000 and an allowance for uncollectible accounts of $8,400

melamori03 [73]

Answer:

$6,574

Explanation:

Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.

As per given data

Beginning allowance for uncollectible accounts balance = $216,000

Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.

Adjusted Balance = $8,400 - 7,800 = $600

Account receivable balance = $216,000 + 1,007,800 - $978,000 = $245,800

Estimated allowance for uncollectible accounts balance = $245,800 x 3% = $7,374

As allowance for uncollectible accounts has already have balance of $600, Bad debt expense for the year is $6,574 ($7,374 - $800)

4 0

4 years ago

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the b

castortr0y [4]

Answer:

$184,000

Explanation:

The computation of adjusted cost of goods sold is shown below:-

For computing the adjusted cost of goods sold first we need to find out the cost of goods sold which is here below:-

Cost of goods sold = Beginning inventory of finished goods + Cost of goods manufactured - Ending inventory of finished goods

= $39,000 + $188,000 - $47,000

= $180,000

Adjusted cost of goods sold = Cost of goods sold + Manufacturing overhead cost incurred - Manufacturing overhead cost applied

= $180,000 + $71,000 - $67,00

= $184,000

4 0

3 years ago

A motel had the following business on a particular week. Number Occupied Type of room Sun Mon Tues Wed Thu Fri Sat Rate per nigh

Zina [86]

Answer:

Total profit for week = $57360

Explanation:

To calculate the profit for one-week period, we first need to calculate the revenue for one week period based on the given occupancy.

We will first calculate the revenue for every day and add it to calculate the revenue for the week.

Sunday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Monday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Tuesday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Wednesday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Thursday = 60 * 80 + 90 * 64 + 50 * 48 => $12960

Friday = 50 * 48 + 130 * 56 => $9680

Saturday = 50 * 48 + 130 * 56 => $9680

Total revenue for one week = 12960 * 5 + 9680 * 2 => $84160

To calculate the profit, we will first calculate the total cost.

Total cost = 20000 + (5 * 200 * 5 + 5 * 180 * 2)

Total cost = $26800

Total profit for week = 84160 - 26800

Total profit for week = $57360

5 0

3 years ago