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son4ous [18]
3 years ago
9

Greg purchased 2,000 shares of common stock of the rite track corporation last year. he learned several months later that the st

ock does not pay a dividend. greg should proceed to: hire an attorney and file a lawsuit. hire an attorney and go after the registered representative that brokered the trade. do the proper research before he invests. immediately proceed to sell the shares.
Business
1 answer:
Nostrana [21]3 years ago
4 0
According to the case presented above, Greg learned only several months after buying stocks that the stock does not pay a dividend. It’s therefore advisable for him to do the proper research before he invests. He should find out if the stocks are only purchased for growth, or both for growth and income.
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On April 1, Fisher Corporation borrowed $400,000 from its bank by signing a 9%, 5-year note payable. The note calls for 60 month
Andre45 [30]

Answer:

a)     3,000

b) 396,850

c)      2,976.38

d)  393,873.62‬

Explanation:

a) principal x rate x time = interest

 400,000 x 0.09 x 1/12 =  3,000

b) 6,150 - 3,000 = 3,150 principal payment

400,000 - 3,150 = 396,850

c)  principal (carrying value) x rate x time = interest

 396,850 x 0.09 x 1/12 =  2,976.38

d) 396,850 - 2,976.38 = 393,873.62‬

3 0
4 years ago
Carla VistaInc. leased a new crane to Martinez Construction under a 5-year, non-cancelable contract starting January 1, 2020. Te
Marrrta [24]

Answer:

Lessee's Entries:

Rent expense (Dr.) $45,500

Cash (Cr.) $45,500

Lessor's Entries:

1. Property Tax expense (Dr.) $2,000

Maintenance and Repair Expense (Dr.) $650

Insurance Expense (Dr.) $500

Accounts Payable (Cr.) $3,150

2. Depreciation Expense (Dr.) $ 29,285

Accumulated  Depreciation (Cr.) $29,285

3.Cash (Dr.) $45,500

Rent Revenue (Cr.) $45,500

Explanation:

The lease is considered as an operating lease as it does not have bargain purchase option and renewal options. The property ownership is not transferred in this lease.

Depreciation expense:

[ Cost - Salvage Value ] / 7

220,000 - 15000 / 7

4 0
3 years ago
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear be
DochEvi [55]

Answer:

Margin of safety= 150 units

Margin of safety ratio= 15.9%

Explanation:

Giving the following information:

Selling price per unit $29

Variable expense per unit $18

Fixed expense per month $8,800

Unit sales per month 950

To calculate the margin of safety both in units and as a percentage of sales, first, we need to calculate the break-even point in units.

Break-even point= fixed costs/ contribution margin

Break-even point= 8,800/ (29 - 18)= 800 units

Now, we can calculate the margin of safety in units:

Margin of safety= (current sales level - break-even point)

Margin of safety= (950 - 800)= 150 units

As a percentage of sales:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 150/950= 0.159= 15.9%

7 0
3 years ago
Read 2 more answers
Which of the following factors determines the structure, features, and functions of an information system used in a company?
makkiz [27]

Answer:

A) the competitive strategy

Explanation:

According to my research on information technology and hardware used, I can say that based on the information provided within the question this factor being described is called the competitive strategy. This is a strategy that is a long term plan of a particular company in order to gain competitive advantage over its competitors in the industry. This includes forming the system and it's features in the best way to compete with other companies.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
A manufacturer that offers cash or gifts to dealers for encouraging the purchase of its products is using
sleet_krkn [62]
This is called "Push Money"
7 0
3 years ago
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