Answer:
-2.33%
Explanation:
An investor who was not as astute as he believed invested $263,000 into an account 11 years ago,
Given that,
Current value of account, future value = $202,800
Value of invested amount, Present value = $263,000
Time = 11 years
(1 + r) = 0.9766466684
r = 0.9766466684 - 1
= - 0.02335333157
= - 2.33%
Therefore, the annual rate of return on this account is -2.33%.
Answer:
D. Both A and B
That is bill of sale and financial statements.
Explanation:
Bill of sale is a document that is used to transfer ownership of goods and services to another person.
Financial statement shows activity and a business's financial position at a given point in time.
When selling the business to Simon, Lois will provide him the financial statements and bill of sale.
The accounting period is also referred to as reporting period. It is the time period for which a company or organization make reports about its financial performance and financial results.
Calendar year is the accounting period that follows the regular calendar year, from January to December.
Accounting period is the general term that describes accounting periods.
Fiscal year or financial year is the general term used to describe an annual accounting period.
Accounting cycle on the other hand is the process of making the financial reports.
According to these definitions,
<span>he 12-month period a business chooses for its accounting period is a fiscal year.</span>
Answer:
$64,500
Explanation:
Shareholders are entitled to returns they have made in companies through dividends
Zwick Company is a shareholder in Handy Corporation and hence also received its dividends returns amongst other Zwick Company investors.
<u>Zwick Company's dividend revenue will be calculated as :</u>
Dividend Revenue = Dividend Payout Ratio × Number of Share held on date of announcement
= $3 × 21,500 shares
= $64,500
Therefore, Zwick Company's dividend revenue from Handy Corporation in December 2018 would be $64,500
Answer:
$19.80
Explanation:
The Diluted EPS of Dulce Corporation shall be determined through the following mentioned formula:
Diluted EPS=Net income/Number of outstanding shares
Net income= $4 million
Number of outstanding shares=Common stock shares+shares issued for free due to share options
Common stock shares=200,000
shares issued for free due to share options=Number of options*Intrinsic value/market price of common shares
Number of options=10,000
Intrinsic value=market price-exercise price=$25-$20=$5
Shares exercised due to share options=10,000*5/25=2,000
Diluted EPS=$4,000,000/200,000+2,000
=$19.80
