Answer:
correct answer is b. $110,000
Explanation:
given data
total assets = $120,000
stockholders' equity = $40,000
net income = $90,000
dividends = $20,000
Total assets at the end = $215,000
solution
we get here total Stockholders' equity at the end year that is express as
total Stockholders' equity year end = Beginning Balance + Net Income - Dividend ..........................1
put here value and we get
total Stockholders' equity year end = $40,000 + $90,000 - $20,000
total Stockholders' equity year end = $110,000
so correct answer is b. $110,000
Answer:
First National EAR 14.48%
First United EAR 14.38%
Explanation:
Calculation to determine Calculate the EAR for First National Bank and First United Bank.
Using this formula
EAR = [1 + (APR / m)]m − 1
Let plug in the formula
First National EAR = [1 + (.136 / 12)]12 − 1
First National EAR= .1448*100
First National EAR=14.48%
First United EAR = [1 + (.139 / 2)]2 − 1
First United EAR = .1438*100
First United EAR = 14.38%
Therefore the EAR for First National Bank and First United Bank will be :
First National EAR 14.48%
First United EAR 14.38%
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Answer:
Explanation: balance per bank statement: $4,270
Add: Unpresented chqs $2,180
NSF chq $210
double posted chq $140
Less: interest earned $31
service fee $44
balance as per Cash book $ 6,725
Answer:
Annual demand (D) = 1,600 units
Ordering cost per order (Co) = $16
Holding cost per item per annum (H) = $8
EOQ = √2Dco
H
EOQ = √2 x 1,600 x $16
$8
EOQ = 80 units
Explanation:
EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum.