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frutty [35]
3 years ago
14

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri

es are posted, what will be the balance in the Sue Harris, Capital account?
Total revenues $ 100,000
Total expenses 48,000
Sue Harris, Capital 64,000
Sue Harris, Withdrawals 12,000

a. $116,000.
b. $52,000.
c. $48,000.
d. $64,000.
e. $104,000.
Business
1 answer:
zvonat [6]3 years ago
8 0

Answer:

e. $104,000.

Explanation:

The computation of the ending capital balance is shown below:

As we know that

Ending capital balance = Opening capital balance + net income - withdrawn amount

where,

Opening capital balance = $64,000

Net income is

= Revenues - expenses

= $100,000 - $48,000

= $52,000

And, the withdrawn amount is $12,000

So, the ending capital balance i s

= $64,000 + $52,000 - $12,000

= $104,000

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Billy's Goat Coats has a preferred share issue outstanding with a current price of $38.89. The firm last paid a dividend on the
blondinia [14]

Answer:

option (c) 9%

Explanation:

Data provided in the question:

current price of outstanding shares = $38.89

Last Dividend paid = $3.50

Marginal tax rate = 34%

Now,

cost of preferred equity = Dividend ÷ Price per share

thus,

cost of preferred equity = $3.50 ÷ $38.89

or

cost of preferred equity = 0.0899

or

cost of preferred equity = 0.0899 × 100%

= 8.99% ≈ 9%

Hence,

The correct answer is option (c) 9%

5 0
3 years ago
A stock is currently selling for $67 per share. A call option with an exercise price of $70 sells for $3.21 and expires in three
natulia [17]

Answer:

$5.76

Explanation:

Calculation to determine the price of a put option with the same exercise price

We would be Using put-call parity and solving for the put price

$67 + P = $70e^–(.026)(3/12)+ $3.21

$67 + P = $70e^–(.026)(.25)+ $3.21

$67 + P =190.2797^–(0.0065)+ $3.21

$67 + P =$69.5465+ $3.21

$67 + P =$72.7565

P=$72.7565-$67

P=$5.7565

P=$5.76 (Approximately)

Therefore the price of a put option with the same exercise price will be $5.76

7 0
3 years ago
Kristen's financial advisor has given her a list of potential investments and has asked her to select and rank her favorite. in
cestrela7 [59]

Kristen's monetary marketing consultant has given her a list of potential investments and has requested her to pick and rank her favored in 1680 extraordinary ways Kristen can rank the 4 investments.

Variety of ways that we will select four investments out of 8 investments is the same as C(8, four) = 70 [Without order]

Now those four investments can be organized in 4! = 24 distinct ways

for this reason, total variety of ways = 70×24 = 1680

There are 1680 one-of-a-kind approaches Kristen can rank the four investments.

Potential investments means a capability investment which we're considering making to a Borrower the important thing facts and records on which can be proven on each Lender's Dashboard and on which each Lender may additionally post a Bid. Payback length is the simplest approach to evaluating an investment. It measures the period of time funding takes to pay for itself by dividing the cost of the funding by the yearly cash flows generated by means of the funding.

investment definition is an asset acquired or invested in to build wealth and keep money from the difficult earned profits or appreciation. investment which means broadly speaking to gain an extra supply of earnings or gain benefit from the investment over a selected period of time.

Learn more about Potential investments here: brainly.com/question/11514232

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6 0
2 years ago
1. Fundamentals of consumer choice Suppose that a glass of acai berry juice at Beth's gym cafeteria costs as much as a can of so
djyliett [7]

Answer:

The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.

Explanation:

Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.

3 0
4 years ago
_____ is the most common form of business ownership.
Paha777 [63]

The answer is "Sole proprietorship"

Hope this helps! :D

8 0
3 years ago
Read 2 more answers
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