Answer:
Rate of return is 13.2%
Explanation:
Rate of Return is the actual return that an investor receives from an investment in asset during a specific period of time. If the investment is made in the stocks, It includes the dividend received and the price change of the stock.
Total return Received = Dividend + Price change = $1.87 + ($37.75 - 35 ) = $4.62
Rate of Return = Total return During the period / Initial Price of the stock
Rate of Return = $4.62 / $35 = 0.132 = 13.2%
Answer:
Options C and E
Only Nick and Jake are optimising over his choice of fruit?
Explanation:
The marginal utility obtained from the purchase of a product is the amount of satisfaction derived from purchasing an additional unit of the product.
The utility is maximised when the satisfaction in terms of marginal utilities obtained from each product is equal to each other.
We obtain this simply by dividing the marginal utilities for each fruit by their price, and comparing them.
Dmitiri:
Apples: 8/1 =8
Pears: 10/2 =5
8/1 is not equals to 10/2
Frances:
Apples: 7/1 =7
Pears: 16/2 =8
7 is not equals to 8
Jake:
Apples: 6/1 =6
Pears: 12/2 =6
The marginal utility is equal hence Jake's choice is optimal
Latasha:
Apples: 5/1 =9
Pears: 9/2 =4.5
9 is not equals to 4.5
Nick:
Apples: 4/1 =4
Pears: 8/2 =4
The marginal utility is equal hence Nick's choice is optimal
Answer:
b) Additional paid-in capital.
Explanation:
Closing process in accounting is a period end activities which involves
the movement or transfer of temporary accounts to permanent accounts.
Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.
This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.
In the question, all are income accounts except additional paid-in capital
Answer:
8,400 units
Explanation:
Abnormal spoilage is amount of units which are wasted or destroyed during production. Units that do not meet the standard can also be a part of abnormal spoilage. To calculate abnormal spoilage we will use formula below;
Abnormal Spoilage units = (Work in process beginning inventory + Units completed and transferred out) - (Units in work in process + Ending inventory units)
Abnormal Spoilage Units = (23,000 + 76,500) - (72,100 + 19,000) = 8,400 units.
Answer:
Accounts receivable $361,000 debit
Allowance for uncollectible accounts $560 debit
Net Sales $806,000 credit
0.4% of credit sales are uncollectible = 0.4% x $806,000 = $3,224
adjusting entry:
December 31, 202x
Dr Bad debt expense 3,224
Cr Allowance for doubtful accounts 3,224
Allowance for doubtful accounts is a contra asset account that reduces accounts receivable.
