Answer:
Their total assets next year has to be $124,725
Explanation:
<em>Step 1: Determine the initial assets and liabilities</em>
The total assets can be expressed as;
A=C+E
where;
A=total assets
C=common stock
E=retained earnings
In our case;
A=unknown
C=$12,173
E=$91,949
replacing;
A=12,173+91,949=$104,122
<em>Step 2: Determine total liabilities</em>
Total liabilities=initial liability+dividends
where;
Initial liability=$73,225
dividends=$15,000
replacing;
Total liabilities=73,225+15,000=$88,225
<em>Step 3: Determine new assets</em>
Using the formula;
Net profit=new assets-total liabilities
where;
Net profit=$36,500
new assets=unknown=n
total liabilities=$88,225
replacing;
36,500=n-88,225
n=36,500+88,225=$124,725
n=$124,725
Their total assets next year has to be $124,725
<em />
Answer:
I believe the best and most correct answer is A.)
Explanation:
Funds that can hold assets in unincorporated mutual fund structure is called a unit trust.
The profits that are earned will go straight to the individual unit owners and it won’t be reinvested back into the fund.
When a professional investor buys and sells shares in a share market on a person’s behalf, it is called a managed portfolio.
Equal units of ownership in a company’s capital are called shares. A share of profit is given to the holder of shares.
Debentures are debt instruments, which give the holder a right to get fixed interest income.
Fixed Property, also known as long term tangible assets are the assets that add value to an organization and help it in value addition. For example Land, Building and Machinery.
Inventory turnover rate = 8 times
Cost of goods sold = $150,000
Then the average inventory of company is $18,750.
This is how we calculate this;
Cost of goods sold / inventory turnover rate =
$150,000 / 8 = $18,750.
