Answer:
Contraction
Explanation:
The business cycle refers to the fluctuations that happen in an economic activity over time. This cycle has 4 stages that are:
-Expansion is when the economy grows and employment is higher.
-Peak is a transition between expansion and contraction and it is a point in which the economy reaches its highest output.
-Contraction is a stage in which growth stops and unemploymetnt rises.
-Trough is a stage in which the economy gets to its lowest point before a rise.
According to this, the answer is that in the context of the business cycle, Bruslon is most likely going through a period of contraction because there is an economic downturn that forced Loger's to lay off many employees.
Answer: $240000
Explanation:
Based on the information given in the question, Koosman's cash flows for financing activities in 2017 will be calculated as:
Sale of common stock = $250000
Less: Cash dividend paid = $10000
Cash flow from financing activities = $240000
Answer:
1. Net income available to common stockholders for 2017
= Net income - Preferred dividend
= $1,950,000 - $273,000
= $1,677,000
2. Basic EPS
= <u>Net income available to common stockholders</u>
Weighted average shares of common stock
= <u>$1,677,000</u>
300,000 shares
= $5.59 per share
Explanation:
The amount of net income available to common stock holders is net income minus dividend paid to preferred stockholders.
Basic earnings per share is the ratio of net income available to common stockholders to weighted average shares of common stock.
Answer:
Financial markets have the ultimate purpose of:
C. Bringing several parties together in order to engage in buying, selling, and trading activity of financial assets
Explanation:
A financial market is a platform that brings several parties together in order to engage in buying, selling , and trading activity of financial assets. It generally offers an opportunity to investors in financial assets to either buy or sell the assets. Some examples of financial assets include; securities, bonds, stocks, and currency.
In capitalistic economies where there is high competition, the access of financial assets play a major role in ensuring that such economies run smoothly. Financial markets make it is for companies to trade their financial assets in an easy and fast manner. It also provides more accessibility to borrowers and also give an opportunity to the lenders to earn some interest on their money.
Financial markets involve the buying and selling of various financial assets and thus there is need for transparency to ensure that the market prices are fair. The information about the prices need to be clear and appropriate to protect investors.
Answer:
Cash 9,010
Interest Revenue 510
Notes Receivable 8,500
Explanation:
The journal entry is shown below:
Cash A/c Dr 9,010
To Interest Revenue A/c Dr $510
To Notes Receivable A/c Dr 8,500
The computation of the interest revenue is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $8,500 × 12% × (6 months ÷ 12 months)
= $510
The six months is calculated from February 1 to August 1