Answer:
Answer is explained in the attachment.
Explanation:
Answer:
The answer is D). 1.15, hope this helps, have a great day/night, stay safe, happy thanksgiving!
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
Answer:
Using the compounding formula we can calculate the amount that I will earn by calculating the difference between the Future value of the investment and the amount invested.
Step 1 Find Future Value
FV = Present Value * (1+r)^n
So
Future Value = $750,000 * (1+9%)^1
FV = $817,500
Step 2 Find the Difference between he Future value of the investment and the amount investment
And the amount invested is $750,000
The amount I can withdraw = FV less The amount invested
The amount I can withdraw = $817,500 - $750,000 = $67,500
So the amount that I will earn and I can withdraw annualy is $67,500.
Answer:
(a) Annual dividend = Dividend rate × par value × number of shares outstanding
= 7% × $60 × 40,000
= $168,000
Semi‑annual dividend = 
= 
= $84,000
(b) Annual dividend = Dividend rate × number of shares outstanding
= $5.20 × 171,600
= $892,320
Arrears of $892,320 are owed for last year as well, so the total dividends owed would be:
$892,320 × 2 years
= $1,784,640
(c) Annual dividend = Dividend rate × stated value × number of shares outstanding
= 4.8% × $100 × 445,000
= $2,136,000
Quarterly dividend = =
= 
= $534,000
