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3 years ago

Someone falls into the water from a dock. what is the proper sequence of actions to help this person?

1 answer:

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The proper sequence of actions to help this person is reaching, throwing, rowing, and going (reach-throw-row-go). This sequence is a basic concept of Open Water rescue for the safety of people nearby the open water. Actions in the sequence will be implemented by the rescuer considering the distance between the victim and the dock or shoreline.

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The next dividend payment by Savitz, Inc., will be $2.34 per share. The dividends are anticipated to maintain a growth rate of 4

Margaret [11]

Answer:

Explanation:

Market value of stock MV=$37

Dividend D1=$2.34

Growth rate g=4.5%

Dividend yield Ke=?

Formula;

MV=D1/(Ke-g)

37=2.34/(Ke-.045)

37Ke-1.665=2.34

Ke=(2.34+1.665)/37

Ke=10.8%

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3 years ago

King corporation owns machinery with a book value of $760,000. It is estimated that the machinery will generate future cash flow

Evgen [1.6K]

Answer:

King should recognize a loss on impairment of $60,000

Explanation:

In terms of IAS 36, Impairement happens when the Carring Amount of an Asset is Higher than the Recoverable Amount of an Asset.

Recoverable Amount

Recoverable Amount is the Higher of :

(a) Assets Value In Use, and

(b) Fair Value Less Cost to Sell

therefore:

Assets Value In Use = $700,000

Fair Value Less Cost to Sell = $560,000

therefore Recoverable Amount is $700,000 ( higher)

Carrying Amount

Book Value = Carrying Amount = $760,000

Impairement Anaylsis

Carrying Amount ($760,000) > Recoverable Amount ( $700,000)

Recognised Imparement loss is $60,000 ($760,000- $700,000)

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3 years ago

Pentex and Marbro, small companies in the stationery business, each had a dollar gross margin of $20,000 during September 2014.

natima [27]

Answer:

20%

Explanation:

Since the gross margin is $20,000 and the gross margin percentage of Pentex is 10%, so from this information we can find out the sales value which is shown below:

Gross profit percentage = Gross profit ÷ sales

10% = $20,000 ÷ sales

So, the sales would be $200,000

Since the Pentex sales is twice of Marbro

So, the Marbro sales would be half of Pentex sales

So, the Marbro sales would be $100,000

Now the Marbro gross profit percentage would be

= $20,000 ÷ $100,000

= $20%

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3 years ago

Schreiber Industries estimates bad debts at 2% of sales. Schreiber began the year with $270,000 of accounts receivable and $38,6

lorasvet [3.4K]

Answer:

The total amount of account receivable it's $246.400

Explanation:

At the beginning the company had $270.000 in the account receivable and $38.600 of allowance for bad debt, when the company wrote off bad debt, it entry a credit in the Account Receivable and a Debit in hte Allowance for bad debt.

The new balance are $244.400 in the accounts receivables and $12.600 as credit in the allowance for bad debt, with the new sales the company generate an extra account receivable of $15.000, so the net value of Accounts Receivable it's $246.400.

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3 years ago

Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired

Arturiano [62]

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

= $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

= $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

= $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

= $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

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3 years ago