Answer:
The Elston's stockholders' equity on December 31, 2014 is $550,000
Explanation:
For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to
= Beginning retained earning balance + Net income - dividend paid
= $375,000 + $75,000 - $50,000
= $400,000
where,
Net income = Service revenue - operating expenses
= $700,000 - $625,000
= $75,000
Now the stockholder equity equals to
= Common stock + ending balance of retained earning
= $150,000 + $400,000
= $550,000
Answer:
Question: Which amendment is involved. What is the right thing to do according to The Bill of Rights?
Answer: The 5th Amendment. A compensation should be made to Gina DeLong for the destruction of her home.
Explanation:
The 5th amendment creates a number of rights relevant to criminal and civil legal proceedings.
It requires that due process of the law be part of any proceeding that denies a citizen - life, liberty or property and requires the government to compensate citizens when it takes their private property for public use.
In this case the City has experience massive growth which requires expansion of roads as a result of traffic overload. The expansion of roads would require that private citizens on these roads be relocated and Gina belongs in this category.
The 5th amendment gives Gina the right to a civil legal proceeding requesting the government to compensate her at a fair price for her property.
Answer:
B. the risk-adjusted return when evaluating mutual funds.
Explanation:
M-squared stand for Modigliani-square measure, which evaluate the risk adjusted return by some investment portfolio like mutual fund. It measure the portfolio´s return in relative to the benchmark set up in the industry. It help in calculating the risk adjusted return of the portfolio by multiplying the sharpe ratio with standard deviation and then adding risk free return. M-squared measure is easy to understand the difference between two or more investment portfolio.
