Answer:
INCOME STATEMENT
Net sales $710
Cost of goods sold ($585)
Selling, gen & admin expenses ($39
)
Depreciation <u> ($13) </u>
EBIT $73
Interest expense <u> ($26
)</u>
Taxable income $47
Taxes <u> ($16
) </u>
Net income <u> $31 </u>
Balance Sheet
Property, plant, and equipment $525
Less accumulated depreciation <u>($121)</u>
Net fixed assets $404
Inventories $51
Cash $16
Receivables <u>$40
</u>
Total current assets <u>$107 </u>
Total Assets <u>$511</u>
Shareholders’ equity $94
Long-term debt $355
Payable $36
Debt due for repayment <u>$26
</u>
Total current liabilities <u>$62</u>
Total liabilities <u> $417 </u>
Total liabilities & shareholders’ equity <u>$511</u>
Explanation:
Sales and Expenses balances are included in Income statement. Assets, Equity and Liabilities balances are included in the balance sheet.
Explanation:
The computation is shown below::
The dividend yield = Annual dividend ÷ Market share price
where,
Market share price = $22 per share
Annual dividend = $0.88 per share
So, the dividend yield = ($0.88 per share ÷ $22 per share) × 100
= 4.0%
The capital gain rate is
= (Expected share price - initial price) ÷ (Initial price) × 100
= ($23.54 - $22) ÷ ($22) × 100
= $1.54 ÷ $22 × 100
= 7.0%
Now the total return is
=(Expected share price + expected dividend - initial price) ÷ (Initial price) × 100
= ($23.54 + $0.88 - $22) ÷ ($22) × 100
= $2.42 ÷ $22 × 100
= 11.0%
The following are the adjusting entries:
- Wages Expense 8000
Wages Payable 8000
- Depreciation Expense – Equipment 18000
Accumulated Depreciation – Equipment 18000
- Office Supplies Expense 5000
Office Supplies 5000
- Insurance Expense 2800
Prepaid Insurance 2800
- Interest Receivable 1050
Interest Revenue 1050
- Interest Expense 2500
Interest Payable 2500
Answer:
d. globalization
Explanation:
-Industrialization is the process of transforming an economy to focus on the manufacturing activity.
-Neoliberalization is a process that has the goal of transfering control of the economic factors to the private sector and it involves: free market trade and fewer regulations in the financial markets.
-Migration refers to the movement of people from one place to another one to work and live.
-Globalization is the process in which technology, information, people, jobs are shared through borders and it has generated more integration between people and cultures around the world.
According to this, the process that has intensified the exchange and diffusion of people, ideas, and goods worldwide, creating more interaction and engagement among cultures is globalization.
Answer:
b. $34,000.
Explanation:
The computation of contribution margin is shown below:-
Particulars Bales Tales Wales
Seeling price $55 $78 $32
Variable cost $20 $50 $15
Contribution
margin $35 $28 $17
Required hour to
process 5 7 1
Contribution margin
per hour 7 4 17
Maximum contribution margin is
= Contribution margin per hour × number of machine hours
= 17 × 2,000
= $34,000
