Answer:
Financial Accounting Standards Board.
Explanation:
The private sector organization that is currently responsible for setting accounting standards in the United States is the Financial Accounting Standards Board (FASB).
FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).
<em>The aims and objectives of FASB, is to establish and improve Generally Accepted Accounting Principles (GAAP) in the United States of America. </em>
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
Option B, $80,040 ( Nearest dollar )
Solution:
Given ,
Truck costs $320,000
Expected to be driven 116,000 miles
Truck is driven 29,000 miles
To calculate depreciation should the business record under the units-of-production method ,
Depreciation per mile = $320,000 / $116,000
= $2.75
Depreciation for the first year = $2.75 x 29,000
= $79,750 ( Nearest dollar is the answer )
The offering price is $11.7 .
The offering price includes a 6% front-end load, or sales commission, meaning that every dollar paid results in only $0.95 going toward the purchase of shares.
Therefore:
Offering Price = NAV/1-load = 11.20/1-0.05 = $11.7
An offering price refers to the rate of a inventory set by means of an investment financial institution in the course of the IPO system. An supplying rate is primarily based on the organization's valid possibilities and set at a level with a view to attract interest from the overall investing public.
The POP / Public imparting fee is the fee an investor ought to pay to purchase mutual fund shares. The POP is the sum of the internet asset cost and the income rate an investor should pay to make investments.. The components for determining the POP is NAV + SC = POP.
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