Answer:
8.28%
Explanation:
Given that,
Net income = $10 million
Total debt = $65 million
Debt ratio = 35 percent
Debt ratio = Total debt ÷ Total assets
35 percent = $65 million ÷ Total assets
Total assets = $65 million ÷ 35 percent
= $185,714,286
Wave Runnerz's ROE for 2018:
= Net income ÷ Equity
= $10,000,000 ÷ (Total assets - Debt)
= $10,000,000 ÷ ($185,714,286 - $65,000,000)
= $10,000,000 ÷ $120,714,286
= 0.0828 or 8.28%
Creating a budget you can exceed but also creating a budget you can’t go over, Hope this helps! All i can tell you...
Answer:
$13,400
Explanation:
Data provided in the question:
Tax basis of marketable securities = $79,600
Amount for which securities sold to daughter = $60,000
Amount for which daughter sold the securities = $93,000
Now,
Mrs. Beld disallowed loss on the related party sale to her daughter
= Tax basis of marketable securities - Amount for which securities sold to daughter
= $79,600 - $60,000
= $19,600
Realized gain by her daughter = $93,000 - $60,000
= $33,000
Therefore,
The daughter's gain recognized on sale
= Realized gain by her daughter - Mrs. Beld disallowed loss
= $33,000 - $19,600
= $13,400
Answer: Participating preferred
Explanation:
Participating preferred is a stock which pays specific dividends rate to their customers and also receives additional dividends, this is made known Board of Directors and paid by the company, this meets up with the objectives a customers has for investing and having a stable income. It is so known as performance preferred and it gives the holder the benefit of collecting extra dividends.
Answer:
A). The price of gasoline increased in coastal cities since gasoline was harder to find.
Explanation:
As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase. In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.
Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.
