Answer:
earnings per share = $0.67
Explanation:
the earnings per share = stock price / multiple value = $10 / 15 = $0.67
When you read that a stock is selling at a multiple of X, it means that the stock price is currently X times the current earnings per share. In this case, since the stock price is $10, to calculate the EPS you must divide 10 by the multiple value.
Answer: D. The investor has no tax liability on distributions received, and the investment company has no tax liability on retained income
Explanation:
Municipal Securities are exempt of Federal taxes and this is what makes them most attractive. An investor in a mutual fund which invests solely in municipal securities will therefore not have any tax liability because their returns would be based on securities that are federally tax exempt. The same goes for any income the Mutual fund intends to retain.
The distribution of income in the United States has become less equal over the last 20 years. This means that the difference between the rich and the poor has grown. It could mean that the rich have started getting more money while the poor get what they used to get, or even less. In any case, the gap between their income has changed greatly during this time period.
Answer:
A.
Explanation:
The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.
Steps:
-Journal
-Ledger
-Trail Balance
-Adjustment Entries
-Trading Account
-Profit or loss account
-Final accounts
-Post closing Trail Balance
Answer and Explanation:
When the deposits with respect to new shale gas found in north dakota so there would be the both shifts i.e. long run aggregate supply and the short run aggregate supply
And on the other hand when the hot weather would lead to less crop in the midwest so there should be the shift in the short run aggregate supply
Therefore the same would be considered and relevant too