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3 years ago

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After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the Debit

and Credit columns are $74,440 and $93,750, respectively. What is the amount of the net income or net loss for the period

1 answer:

vampirchik [111]3 years ago

5 0

12.393 is the answer in decimal?

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Why might someone choose to diversify their investments?

Feliz [49]

Answer:

When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.

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3 years ago

On June 5, a company purchases 280 units of inventory on account for $28 each. After closer examination, the company determines

fgiga [73]

Answer:

June 5, 202x, 280 units purchased on account

Dr Merchandise inventory 7,840

Cr Accounts payable 7,840

280 units x $28 per unit = $7,840

June 9, 202x, 30 defective units are returned

Dr Accounts payable 840

Cr Merchandise inventory 840

30 units returned, so accounts payable decreases by 30 x $28 = $840

June 16, 250 units sold on account

Dr Accounts receivable 12,750

Cr Sales revenue 12,750

Dr Cost of goods sold 7,000

Cr merchandise inventory 7,000

250 units sold at $51 = $12,750

COGS = 250 units x $28 = $7,000

7 0

3 years ago

Michael's, Inc., just paid $2.60 to its shareholders as the annual dividend. Simultaneously, the company announced that future d

mixas84 [53]

Answer:

$65.37

Explanation:

Calculation for how much are you willing to pay today to purchase one share of the company's stock

Using this formula

P/0 = D0 ( 1 + g ) / R-g

Let plug in the formula

P/0 = $2.60 (1 + .056) / .098 - .056

P/0 = $2.60 (1 .056)/0.042

P/0=$2.7456/0.042

P/0=$65.37

Therefore how much are you willing to pay today to purchase one share of the company's stock will be $65.37

6 0

3 years ago

What education do you need for high school

LenaWriter [7]

Answer:

To teach High School, you need a Bachelors degree.

To graduate it, you have to pass English/Language Arts · Mathematics · Science · Social Studies/History · Foreign Languages · Physical Education

5 0

3 years ago

Read 2 more answers

You need to accumulate $10,000. To do so, you plan to make deposits of $1,100 per year - with the first payment being made a yea

guapka [62]

Answer:

Explanation:

Using future annuity formula

Fv = Pmt ( (1+r)ⁿ -1 )/ r

$\frac{FVr}{Pmt}$ + 1 = (1+r)ⁿ

In ( $\frac{FVr}{Pmt}$ + 1) = n In ( 1+r)

n = In ( $\frac{FVr}{Pmt}$ + 1) / In ( 1 + r)

FV, future value = $10,000, Pmt, periodic payment per year = $1,100, r rate = 11.82% = 0.1182 and n = number of years

n = 0.7297 / 0.11172 = 6.53 years approx 7 years

the last year payment will actually be less than $1,100

6 0

3 years ago