Answer:
Based on the opening retained earnings value, none of the options is correct.
The correct Syracuse`s retained earnings after closing would be $7,480.
Explanation:
Retained earnings is the residual proportion of the total profit of the firm that is left after deducting dividend received by the shareholders.
For each accounting period, closing residual retaining is calculated by adding the opening retained earnings with the net amount of the total profit remaining after deducting dividend.
To calculate closing retained earnings, it is important to get the total profit of the firm and then deduct dividend:
$
Service Revenue 8,050
Interest Revenue <u>1000</u>
9,050
Salaries Expense (4,900)
Operating Expense (1,550)
Interest Expense (700)
Net Profit 1900
Dividend (1300)
Retained Earning 600
Retained Earning B/f <u> 6,880</u>
Retained Earning B/d <u> </u><u>7,480</u>
Answer:
The first investment is more profitable than the general market interest rate.
Explanation:
Giving the following information:
An investment will pay $202,000 at the end of next year for an investment of $182,000 at the start of the year. The market interest rate is 7.9% over the same period.
<u>To compare both options, we need to calculate the final value of investing the $182,000 in other investment that pays a 7.9% interest rate.</u>
We need to use the following formula:
FV= PV*(1+i)^n
FV= 182,000*(1.079)= $196,378
The first investment is more profitable than the general market interest rate.
Answer:
$25,800
Explanation:
The computation of Dividend to common stockholders is shown below:-
Total dividend $28,000
Dividend to preferred stockholders:
Dividend in arrears
Current year dividend $2,200
(4,000 × $11 × 5%)
Total dividend to preferred
stockholders $2,200
Dividend to common stockholders $25,800
($28,000 - $2,200)
It is called Affective commitment
Affective commitment is aimed to create positive emotional attachment from the employees toward the company.
Providing the access will make the low-level employees in the company feel much more comfortable in adressing their concern towards the high-level employees
Answer:
$1,700
Explanation:
Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.
It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.