Answer:
The stock price = $57.92
Explanation:
The return on a stock is the sum of the capital gains(loss) plus the dividends earned.
Capital gain is the difference between he value of the stocks when sold and the cost of the shares when purchased.
Total shareholders Return =
(Capital gain/ loss + dividend )/purchase price × 100
16% = ((x-52) + 2.40)/52
0.16×52 = (x-52) + 2.40
8.32 = X- 52 + 2.40
52+8.32-240=X
57.92 = X
$57.92= X
The stock would need to be sold for = $57.92
Answer: C.the perpetual inventory records are accurate and related controls operate effectively
Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date. An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.
Answer:
The journal entry would be as follows:
December 31, 2020 Debit Credit
Retained Earnings $9,400,000
Inventory $9,400,000
Explanation:
In order to prepare the journal entry to record the adjustment, we would have to calculate the amount of inventory with the following formula:
Amount of inventory=December 31, 2020, CPS’s inventories (FIFO)-31, 2020, CPS’s inventories (Average Cost)
=$38 million-$28.6 million
=$9.4 millions
Therefore, the journal entry would be as follows:
December 31, 2020 Debit Credit
Retained Earnings $9,400,000
Inventory $9,400,000
Answer:
The activities are:
1. Transport
In the cutting edge times there is a tremendous distance between places of creation and the places of utilization. This trouble is eliminated by a significant guide to exchange known as Transport.Transport makes place utility.
2. Communication
Communication implies sending or trade of data starting with one individual then onto the next.
Communication can be oral or recorded as a hard copy. It is important to impart data starting with one then onto the next to finish and settle the terms of deals, for example, costs of products, markdown permitted, the office of credit, and so forth
3. Banking
Banking tackles the issue of money. Finance managers get cash and furthermore pays cash in huge sums. It is unsafe to convey a lot of money starting with one spot then onto the next. Here comes Banking as an answer. Banking and monetary organizations take care of the issue of installment and encourage a smooth trade among purchaser and dealer. The finance managers may likewise require present moment and long haul reserves. Banks give such account to money managers.
4. Advertising
Advertising fills the information hole and it unravels the trouble of data. Trade of merchandise and ventures conceivable just if makers can carry the items to the customers. Advertising and exposure are significant media of mass correspondence. Advertising encourages buyers to think about the different brands fabricated by a few makers. The media used to publicize items are Radio, Papers, Magazines, television, the Web, Bulletin, and so on
Explanation:
Trade of products includes a few challenges, which are eliminated by helpers or strengthening underpins known as Aids to Trade.
Here, guides to exchange alludes to every one of those elaborate exercises, which straightforwardly or in a roundabout way encourages smooth trade of merchandise and enterprises.
Answer:
Big data analytics
Explanation:
Big data analytics is the process of analysing large data sets (big data) to get insights such as hidden patterns, correlations, and market trends. This information is used to make business decisions.
Big data analytics bus used to study structured data sets, unstructured data sets, and semi-structured data sets.
This form of data processing bis used accros different industries including banking, insurance, health-care, communication, education, and manufacturing.
