Answer:
$22.7%
Explanation:
Purchase Price $22
Gains on stock during holding period
Dividend 2018 $2
Dividend 2019 $3
Dividend 2020 $4
Loss on sale of stock (18-22) ($4)
Total gain on per stock (2+3+4-4)=$5
Total Return on stock during holding period=$5/22=22.7%
An example of primary market transaction occurs when there
is a presence of creation of securities in which there is an initial public
offering the occurs in a market n means for having to make the market to sell
for the first time as it is associated or showed in the public.
Answer:
B) the allowance account and estimates are used.
Explanation:
When a company uses the allowance method, it will record an adjusting entry for the losses it anticipates from bad credits given to customers. The bad debts expense account is debited and the allowance for doubtful accounts (contra asset) is credited. Then as time passes and the amount of bad debts is exactly determined, another adjusting entry is necessary depending whether the estimate was correct or not, or if it was under or over estimated.
Answer:
$939,220
Explanation:
6400000 +12000000 = 18400000
we have to calculate the average interest on the general borrowing
= (10% of 6400000/ 18400000) + (11% of 12000000/18400000)
= 10% x 0.3478 + 11% x 0.65217
= 0.03478 + 0.0717
= 0.10648
= 10.65%
avoidable interest = (amount borrowed x percentage) + (expenditure-amount borrowed) x 10.65%
= 3200000*12% + (8,413,333-3200000)x10.65%
= 384000 + 555219.9
= $939,219.9
≈ $939,220
