Answer:
1,12 per share
Explanation:
- Is necessary to apply finnancial tools to calculate the dividends in four years, expressed by the following formula:
Money paid for share today * ( 1 + anual Rate dividend%) ^ investment horizon
<h3>
1 * ( 1 + 4%) ^ 3 = $ 1,12</h3>
Answer:
D) $5,040
Explanation:
LIFO represents last in first out. This means the last item bought is the first to be sold.
Since 2300 units were sold, subtracting from the last item bought
2300-600-800-600 = 300
Opening inventory or 1000 minus 300 = 700
700 x $7.2 = $5,040
Answer:
He has no more right on the warranty.
Explanation:
Auto warranty is a promise made by the manufacturer to be responsible for certain faults and repairs over a given period of time . This period of warranty could also be specified through the mileage covered by the car . The expiration of the warranty is decided based on any of the set milestones, either in years / mileage that is first achieved.
In Mathew's case , Kim has already exhausted the warranty on the car as she has exceeded the 36,000 mile covered by warranty in a space of two years. You need to know that warranty expires the moment any of the set milestone is achieved.
It will stop growing at about 9-12 months
Answer:
depreciation expense 1,664 debit
accumlated depreciation 1,664 credit
-- to record depreication from Jan 1st to September 1 --
cash 10,920 debit
accumulated depreciation 10,400 debit
machinery 20,800 credit
gain at disposal 520 credit
--to record sale of equipment --
Explanation:
We calculate the depreciation from December 31th 2017 to September 1st 2018
2,496 x 8/12 = 1,664
this will be the depreciation for the year up to sale date.
accumulated depreciation: 10,400
<u>sale:</u>
10,920
<u>book value</u>
20,800 - 10,400 = 10,400
result at dispossal: 10,920 - 10,400 = 520