Answer:
1.Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Explanation:
Retained earnings is an element of the balance sheet that represents the accumulated net income and losses and the amount paid to the shareholders over the years as dividend.
Each year, the company's net income or loss from the statement of profit or loss is posted into the retained earnings account.
It is an integral part of the owners equity along with ordinary share capital.
As such, retained earnings generally consists of a company's cumulative net income less any net losses and dividends declared since its inception.
Answer:
A = $3136.51875
Explanation:
Given that :
The principal = $3,000.00
Rate = 9%
Time = 6 months
Since the amount is compounded quarterly;
r = 9/4 = 2.25 %
t = 6 months = 2 quarter
Using the formula:
A = P(1+r/100)^t
A = 3000.00(1+ 2.25/100)^2
A = 3000.00( 1+ 0.0225)^2
A = 3000.00 (1.0225)^2
A = 3000.00 (1.04550625)
A = $3136.51875
Answer:
Explanation:
Dividend yield formula = Dividend / Price
Dividend = $2.80
Price = $49.20
Dividend yield = 2.80/49.20 = 0.0569
Dividend yield = 5.69%
Capital gains yield (CGY) = Next year's price-Current price / current price
Next year's price(P1) = 49.20*(1+0.0725)
P1 = $52.77
CGY = (52.77-49.20) / 49.20
CGY = 3.57/49.20
CGY = 0.0726
Therefore, capital gains yield = 7.26%
Answer:
annual sum must he set aside $16209.42
Explanation:
given data
engineer wishes = $3 million
retires time = 35 years
nominal interest = 8%
solution
we get here effective annual rate that is
interest rate = ...........1
interest rate =
interest rate = 0.08328 = 8.33%
and
now we get annual sum must he set aside that is
amount = $3 million ×
amount = $3000000 ×
amount = $16209.42
To know which is more effective, let's just put a fictional number of 100 purchase to test it.
Option A: $2 per person, 60% purchase
Option B: $0.1 per person, 2% purchase
For Option A, cost would be $200 and ended up in 60 purchases
For option B, cost would be $10 and ended up in 2 purchases (if the cost is lifted into $ 200, the purchases is 2 x10 = 20)
Which means option A is more effective.