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3 years ago

In order to better compare/contrast costs of living in the various environments gnp/gdp may be adjusted to:

1 answer:

6 0

The answer is Purchasing power parity or the PPP. PPP is a hypothesis which expresses that trade rates between monetary forms are in balance when their acquiring power is the same in each of the two nations. Relative acquiring power equality is a financial hypothesis which predicts a connection between the swelling rates of two nations over a predetermined period and the development in the conversion standard between their two monetary forms over a similar period. It is a dynamic rendition of the total PPP hypothesis.

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The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summ

marishachu [46]

Answer and Explanation:

The computation is shown below:-

Incorrect

ROA = Net Income ÷ Average assets

= $101,900 ÷ (($550,000 + $573,000) ÷ 2)

= $101,900 ÷ $561,500

= 0.18

ROE = Net Income ÷ Average equity

= $101,900 ÷ (($340,000 + 356,000) ÷ 2)

= $101,900 ÷ $348,000

= 0.29

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000) ÷ 2)

= $217,000 ÷ $561,500

= 0.39

EPS = Net Income ÷ Number of Common Shares

= $101,900 ÷ 22,000

= $4.63

Correct

ROA = Net Income ÷ Average assets

= ($101,900 - $8,500) ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $93,400 ÷ $557,250

= 0.17

ROE = Net Income ÷ Average equity

= ($101,900 - $8,500) ÷ (($340,000 + 356,000 - $8,500) ÷ 2)

= $93,400 ÷ $343,750

= 0.27

Debt Ratio = Total debt ÷ Average Assets

= $217,000 ÷ (($550,000 + $573,000 - $8,500) ÷ 2)

= $217,000 ÷ $276,500

= 0.78

EPS = Net Income ÷ Number of Common Shares

= ($101,900 - $8,500) ÷ 22,000

= $4.25

5 0

3 years ago

Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand

insens350 [35]

Answer:

Explanation:

I believe this, but I don't really know. Sorry.

6 0

3 years ago

Outstanding stock of the Blossom Corporation included 30000 shares of $5 par common stock and 8000 shares of 5%, $10 par non-cum

Arlecino [84]

Answer:

$6,500 was distributed to preferred shareholders

Explanation:

Dividend distributed to preferred share is based on the predetermined rate associated with these share. When the dividend is declared preferred share dividend is paid first. The remainder is distributed between the common stockholders.

Value of Preferred share = 8000 shares x $10 par value = $80,000

Preferred Dividend = $80,000 x 5% = $4,000

Accrued dividend of 2016 = $4,000 - $1500 = $2500

Total Dividend Accrued = $2,500 + $4,000 = $6,500

3 0

3 years ago

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461

Andrews [41]

The common stock next year would be $32546

The total assets (current) = $167,705

Total assets (next year) = $167,705 + $55,000 = $222705

The total liabilities (current)= $69,461

The total liabilities (next year)= $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

= $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

Read more on common stock:

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5 0

3 years ago

under the modified accrual basis of accounting, gasb standards for property tax revenue recognition provide that revenue should

Cloud [144]

Revenue for property taxes collected more than 30 days after the fiscal year's end should not be recognised on the accrual method of accounting, according to GASB guidelines.

For state and municipal governments in the United States, generally accepted accounting principles (GAAP) are developed by the Government Accounting Standards Board (GASB), a private non-governmental organisation.

The transaction process must be initiated by a crucial event in accordance with generally accepted accounting standards (GAAP). According to GAAP, revenues are acknowledged when they are earned and realised, not necessarily when they are received. However, profits are frequently made and received in a single transaction.

Learn more about GASB here:

brainly.com/question/14495146

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3 0

1 year ago