Answer:
Net asset value is $4,104,500 in total and $63.15 per share
Explanation:
Stock Shares Price Total value (Share x Price)
A 13,500 $83 $1,120,500
B 33,000 $16 $528,000
C 20,000 $59 $1,180,000
D 71,000 $21 <u> $1,491,000</u>
Total <u>$4,319,500</u>
Net Asset = $4,319,500 - $215,000 = $4,104,500
NAV = $4,104,500 / 65,000 = $63.15 / share
Answer:
= 33.37%
Explanation:
The computation of expected annual return is given below:-
Price of common stock today = Dividend next year ÷ (Required rate of return - Growth rate)
= $42 = $3 ÷ (required rate of return - 1.2%)
= (required rate of return -1.2%) = 0.071429
= (required rate of return - 1.2%) = 7.1429%
Required rate of return = 8.3429%
Expected of Annual Return = Required rate of return × Quarterly
= 8.3429% × 4
= 33.3716%
or
= 33.37%
So, for computing the expected of annual return we simply multiply the required rate of return with quarterly.
Complete question:
Assume the following general flow of documents in an accounting system. Reply to the following question:
"Source Documents --> Journals --> Ledgers"
The auditors are concerned about source documents that reflect valid transactions that have not been recorded in the journals. Which procedure would be most effective?
(1) Trace from source documents to journals.
(2) Vouch from journals to source documents.
Either (1) or (2).
Answer:
(1) Trace from source documents to journals.
Explanation:
Tracing is the method of tracking the transaction back to the source document in accounting records. Transaction failures are monitored and auditors are often used to ensure whether transactions have been properly reported.
Tracing relates to the compilation and the follow-up to the record of an financial transaction (the source document).
Tracing checks to see that the transactions that happened in the financial reports are registered. Therefore it would be most effective to translate "Trace documents from source into journals."
Answer:
correct answer is Mercator (cylindrical) projection
Explanation:
In 1569, Flemish geographer and cartographer Mercator first time present Mercator (cylindrical map) projection
and due to its unique property, it represents constant bearing which makes it a standard map projection
and all marine chart also print base on this Mercator (cylindrical) projection because it has a very unique and favourable property for the navigation
and we use it for streets map service
so here correct answer is Mercator (cylindrical) projection