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2 years ago

A set of financial states made every 3 months is called a .

Business

1 answer:

raketka [301]2 years ago

7 0

Answer:

Quarterly statement.

Explanation:

A quarterly statement happens 4 times a year (every 3 months).

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Dove, Inc., had additions to retained earnings for the year just ended of $643,000. The firm paid out $40,000 in cash dividends,

Zinaida [17]

Answer:

Earnings for the year = Addition to retained earnings + Dividend paid = $643,000 + $40,000 = $683,000

a. Earnings per share = Earnings / No of shares = $683,000 / 750,000 = 0.91

Dividend per share = Dividend / No of shares = $40,000 / 750,000 = 0.05

Book value per share = Ending equity / No of shares = $7,380,000 / 750,000 = $9.84

b. Market price per share is 30.8. Market to book ratio = $30.80 / $9,84 = $3.13

c. Price earning ratio = $30.80/$0.91 = $33.82

Total sales = $10,680,000, Sales per share = 14.24

Price sales ratio = Market price / Sales = $30.80 / $14.24 = $2.16

3 0

3 years ago

When a case is appealed, the court of appeals decides the case solely based upon?

finlep [7]

<span>Question of law, also known as point of law. It is a question that must be answered by applying relevant legal principles to interpretation of the law. Answers to questions of law are normally expressed in broad legal principles and can be applied to many situations rather than particular circumstances or factual situations.</span>

3 0

3 years ago

Chipman Sofware recently reported the following amounts in its unadjusted trial balance at its year-end:

gregori [183]

Answer:

What is allowance for doubtful debt?

This represents management's estimate of the amount of accounts receivable that will not be paid by customers. They are amount owed by debtors, whose likelihood of collection is not certain.

1 Bad debts expense Dr ($18,000 × 0.25%) $45

To Allowance for Doubtful Accounts $45

(Being the bad debt expense is recorded)

2. Bad debts expense $45

($72 - $27)

To Allowance for Doubtful Accounts $45

(Being the bad debt expense is recorded)

3 Bad debts expense $105

($72 + $33)

To Allowance for Doubtful Accounts $105

(Being the bad debt expense is recorded)

4 Allowance for Doubtful Accounts $15

To Accounts Receivable $15

(Being the allowance for doubtful accounts is recorded)

Learn more about allowance for doubtful debts here : brainly.com/question/25687295

Explanation:

4 0

2 years ago

Cheryl purchased 5 identical hollow pine doors and 6 identical solid oak doors for the house she is building. The regular price

almond37 [142]

Answer:

The answer to this question is option C. $560

Explanation:

We can let the price of each hollow pine door = d and of each solid oak door = 2d.

Since each pine door = 40, d = 40, and the regular price of each solid oak door is (2)(4) = 80.

With a 25% discount, each solid oak door is 0.75(80) = 60.

So, the six oak doors cost 6 x 60 = 360 dollars, and the five pine doors cost 5 x 40 = 200 dollars. Thus, the total is 560 dollars.

Hence the answer is C

6 0

3 years ago

Read 2 more answers

For each of the following products, indicate whether you believe demand will be relatively price elastic or relatively price ine

insens350 [35]

Answer:

Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.

Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.

8 0

3 years ago