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OlgaM077 [116]
3 years ago
13

The S&P 500 index delivered a return of 20%, -10%, 20%, and 5% over four successive years.

Business
1 answer:
sladkih [1.3K]3 years ago
4 0

Answer:

C) 8.75%

Explanation:

Number of periods = 4 years

Given return rates = 20%, -10%, 20%, and 5%

To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.

AAR = \frac{20-10+ 20+ 5}{4} \\AAR=8.75\%

Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.

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Leary Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a resu
Tcecarenko [31]

Answer:

B. Leary's total stockholders' equity decreased $115,000.

Explanation:

When a company purchases its previously issued stocks, this is called Treasury Stocks. These becomes stocks issued but not part of the outstanding stocks and are not included in the computation of Earnings Per Share. When Treasury Stock is presented in the Stockholder's Section of the Balance Sheet, this is deducted from the total Stockholder's Equity, notwithstanding the par value of the common stock.

6 0
3 years ago
Ben bought a local artist's painting for $2,100. Several years later. Ben sold it for $2,700. The year Ben sold the painting. He
slega [8]
The correct answer is C: 28%

to solve you have to subtract the amount of change, so 2700-2100= 600
then you take 600 divide by the original number which is 2100. so your equation is change divided by original, or in this case 600/2100, when you divide the equation you get an answer of 0.28, you then have to move the decimal 2 places to the right, to get an answer of 28%

hope this helped! :)
4 0
3 years ago
Eye Deal Optometry leased vision-testing equipment from Insight Machines on January 1, 2018. Insight Machines manufactured the e
Sav [38]

Answer:

Eye Deal Optometry and Insight Machines

Journal Entries for Eye Deal:

Debit Right of Use Asset $437,424

Credit Lease Liability $437,424

To record the right of use asset and lease liability.

Debit Lease Liability $22,906.44

Debit Interest Expense $1,093.56

Credit Cash $24,000

To record the first lease payment and interest expense.

March 31, 2018:

Debit Lease Liability $22,843.71

Debit Interest Expense $1,156.29

Credit Cash $24,000

To record the second lease payment and interest expense.

Journal Entries for Insight:

January 1, 2018:

Debit Lease Receivable $437,424

Credit Lease Asset $437,424

To record the lease receivable and asset.

Debit Cash $24,000

Credit Lease Receivable $22,906.44

Credit Interest Revenue $1,093.56

To record the first lease receipt and interest revenue.

March 31, 2018:

Debit Cash $24,000

Credit Lease Receivable $22,843.71

Credit Interest Revenue $1,156.29

To record the second lease receipt and interest revenue.

Explanation:

a) Data and Calculations:

Cost of equipment = $320,000

Cash selling price (fair market value/PV) = $437,424

Lease term = 5 years (20 quarterly periods)

Quarterly lease payments = $24,000

Lease Schedule for the first year:

Period              PV                        PMT              Interest         FV

Jan. 1, 2018 $437,424.00 $24,000.00 $1,093.56 $462,517.56

Mar. 31            $462,517.56 $24,000.00 $1,156.29 $487,673.85

June 30          $487,673.85 $24,000.00 $1,219.18         $512,893.04

Sept. 30          $512,893.04 $24,000.00 $1,282.23 $538,175.27

Dec. 31            $538,416.17 $24,000.00 $1,406.04 $563,822.21

7 0
3 years ago
Define the "tour operator" tourism company
ArbitrLikvidat [17]
The anser would be yhat tour operator mean when toeiat come to a diffrecr place
6 0
3 years ago
Which of the following is not a step in developing a manufacturing cell layout? Grouping parts into families that follow a commo
Fiesta28 [93]

Answer:Disposing of left-over machinery and outsourcing ungrouped processes

Explanation: Disposing of left-over machinery and outsourcing ungrouped processes cannot be a step in developing a manufacturing cell layout.

This is because it does not in any way help in developing a manufacturing cell layout.

3 0
3 years ago
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