Answer:
Don't ask so many questions at the same time ok
Answer:
$3.68 per share
Explanation:
Lisa Lasher purchases 400 shares of stock on margin at the price of $21 per share
The margin requirement is 50%
= 50/100
= 0.5
The first step is to calculate the amount of money invested
= $21×400×0.5
= $4,200
The amount in which the stock must rise to inorder for Lisa to realize a 35% return on invested funds can be calculated as follows
= 35/100×4,200
= 0.35×4,200
= $1,470
$1470/400 shares
= $3.68 per share
Hence the stock must rise to $3.68 per share for Lisa to realize a 35% return on her invested funds
Answer:
The correct answer is: 65 years old.
Explanation:
The Earned Income Tax Credit (<em>EITC</em>) is provided to people with low income. The amount of that income and the number of people within their household will determine the amount of the tax credit. People with no children can also be eligible for the credit until they are 65 years old by the end of the tax period.
Answer: a. percentage change analysis.
B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.
D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors
Explanation:
1. The analysis which has to do with the calculation of the growth rates of all items from balance sheet and the income statement which is relative to a base year is referred to as the percentage change analysis.
2. The statements that can be included in the analysis report from the question include:
• Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38
• A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.
Answer:
Trinity College sold 8 Games of ticket in $400,000
Till October 31 the game sorted out = 5 for example (2+3)
Measure of unmerited income on October 31
Unearned ticket revenue = (Amount received in advance × remaining month) / total month
Unearned ticket revenue = ($400,000 × 3) / 8
Unearned ticket revenue = $150,000
Adjusting Journal entry on October 31:
Debit: Unearned revenue = $250,000
Credit: Revenue = $250,000
(To record transfer of unearned revenue, to revenue account)
