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Paha777 [63]
2 years ago
12

Smith Company gives the following information on the financial statements: Net Income $50,000 Preferred Dividends 8,000 Average

Common Stockholder’s Equity 180,000 Average number of Common Shares Outstanding 250,000 shares Market Price $2 per share What is the rate of return on common stockholder’s equity (to nearest percent)?
Business
1 answer:
ch4aika [34]2 years ago
5 0

Answer: The rate of return on common stockholder’s equity is 23%.

Explanation:

Given that,

Net Income = $50,000

Preferred Dividends = 8,000

Average Common Stockholder’s Equity = 180,000

Average number of Common Shares Outstanding = 250,000 shares

Market Price = $2 per share

Therefore,

Return on equity = \frac{Net\ income - Preferred\ Dividends}{stockholder\ equity}

=  \frac{50000 - 8000}{180000}

= 23%

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The PCAOB
Andrei [34K]

Answer: B)May seek removal of a person from a registered firm.

Explanation: PCAOB( Protecting Investors through Audit Oversight ) is the person assigned with the duty of the inspection of the audit reports, interest of investors, public organization's auditors etc.

They do their job/duty by the help of the components such as enforcement, setting of the specific standards,overseeing etc. They also get have the authority of removing of any person from organization on the basis of their duty. Thus the correct option is option (B)

5 0
2 years ago
What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G
yan [13]

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

4 0
3 years ago
It is important to strengthen the presentation through the use of charts, catalogs, brochures, pictures, ads, illustrations, map
aliina [53]

Answer:

Presentations are a vital source of marketing a product. The sales team can impact a client by its presentation skills. The presentation is impacting if it contains graphs, charts and pictures. This enables the client easy comparison among other products.  

Explanation:

The presentations helps the sales team to market their product easily. The brochures, pictures, catalogs and graphs are used for easy illustrations. They help the managers and clients to easily understand the product features and its performance over years with comparison of other products.

7 0
3 years ago
Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo
tamaranim1 [39]

Answer:

                   Silver Enterprises Post Merger Balance Sheet

Current Assets                  12,920    Current liabilities          10,460

Other Asset                       4,480      Long-term debt            19,770

Net Fixed Asset                24,810     Equity                           17,450

Goodwill                            <u>5,470  </u>                                           <u>              </u>

                                         <u>$47,880</u>                                         <u>$47,680</u>

Explanation:

Current assets = 10,000 + 2,920 = 12,920

Other assets = 3,100 + 1,380 = 4,480

Current liabilities = 7,840 + 2,620 = 10,460

Net fixed assets = 17,300 + 7,510= 24,810

Long-term debt = 5,110 + 14,660  = 19,770

Equity = $17,450

8 0
3 years ago
Which of the following transactions is reported on the government-wide financial statements? Multiple Choice An interfund loan f
Anettt [7]

Answer:

The correct answer is the third option: The City Airport Fund, an enterprise fund, transfers a portion of boarding fees charged to passengers to the General Fund.

Explanation:

To begin with, the name of "government-wide financial statements" is refered to the type of statements that bring all the financial activity together in one single place with the purpose to report certain economic information so that the people in charge of certain things can go and see all that information in order to use as a tool for the decision making process when the case arise. Moreover, this type of statements are the ones who organized all that information depending on whether it comes from the activities done by the government or done by the companies and businesses of the nation.

4 0
3 years ago
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