Answer:
$96,000
Explanation:
Particulars Amount
Opening inventory on 1st Jan $80,000
ADD: Purchases made $400,000
LESS: Cost of good sold <u>$384,000</u>
Closing inventory <u>$96,000</u>
<u></u>
<u>Workings</u>
Sales 480,000
Less: Mark up 480000*25/125 <u>96,000</u>
Cost of goods sold <u>$384,000</u>
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Answer: B.) Product Association
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<span>The correct answer is: Lenin believed that an all-powerful government was needed after the revolution.
This man was widely considered as one of the most significant and influential figures of the 20th century. He became a ideological figure behind the Marxism-Leninism personality cult and was viewed as the founder of a totalitarian dictatorship which was the reason for numerous deaths and repressions during his time period.</span>
Answer:
Capital asset
Explanation:
Capital asset are classified as the property which are expected to generate some value over the duration of time.
Capital assets includes,
Buildings
Computer equipment
Jewelry
Machinery, and vehicles etc.
The capital assets has an expected useful life of more than one year
It can be sold as a normal part of business operations.
Answer:
(a) 14%
(b) $24 per share
Explanation:
Given that,
Dividend paid per share = $3
Growth rate of dividend = 4%
(a) Expected rate of return:
= [D1 ÷ Price ] + g
= [3 ÷ 30 ] + 0.04
= 0.10 + 0.04
= 0.14 or 14%
Therefore, the expected rate of return is 14%.
(b) Stock price:
= D1 ÷ (cost - growth)
= 3 ÷ (0.165 - 0.04)
= 3 ÷ 0.125
= $24 per share
Therefore, the stock price is $24 per share.