Government regulations on credit aim to

A certain politician has a brilliant idea. he will increase his popularity and assure reelection by giving away cash to everybod

polet [3.4K]

<span>Put all of these numbers in a line...obviously, don't put ALL of them, but enough so you can see what you're doing. 1 + 2 + 3 + ... + 297,624,985 Now put all these numbers BACKWARDS underneath that. 1 + 2 + 3 + ... + 297,624,985 297,624,985 + 297,624,984 + 297,624,983 + ... + 1 Now add the first series to the second, and you'll see that they add up to: 297,624,986 + 297,624,986 + 297,624,986 + ...297,624,986 Since there were 297,624,985 terms, the total sum here is 297,624,986 * 297,624,985 But since you added it twice, you divide it by two: 148,812,493 * 297,624,985 This is 44,290,315,996,937,605, so...yes, it is MUCH larger.</span>

7 0

3 years ago

A company recently moved to a new building. The old building is being actively marketed for sale, and the company expects to com

lana66690 [7]

Answer:

D. It will be valued at historical cost.

Explanation:

Building held for sale is classified as current asset and it will not be depreciated further as it will be sold in near future. It will be recorded on the lower of cost and fair market value of the building and appears on the balance sheet in current account section. So the statements is correct regarding the old building, except D. It will be valued at historical cost.

6 0

3 years ago

Read 2 more answers

A bank has Tier I capital of $90 million and Tier II capital of $70 million. The bank has total assets of $2,522 million and ris

skelet666 [1.2K]

Answer:

C. Under-capitalized

Explanation:

Tier Capital/Risk-weighted assets = (90 million + 70 million)/2,017.6 million

= 7.93%;

Tier 1 Capital /Risk-weighted assets = 90 million /2,017.6 million

= 4.46%;

Tier Capital/Total assets= (90 million + 70 million)/2,522 million

= 6.34%.

The first ratio puts the bank in the undercapitalized zone.

8 0

4 years ago

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,053,000 shares of $10 par common

DedPeter [7]

Answer:

1. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. The weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

Explanation:

1. To calculate the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement we would have to ake the following calculation:

Jan1.2013-Sep30.2013(2,413,000*9/12)=1,809,750

retroactive adjustment for stock dividend ×1.10

Jan1.2013-Sep30.2013 adjusted= 1,990,725

Oct.2013-Dec31.2013(2,654,300*3/12)= 663,575

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. To calculate the weighted-average number of common shares used in computing earnings per common share for 2014 on the 2014 comparative income statement we would have to make the following calculation:

Jan1.2014 -Mar31.2014(2654300*3/12) 663575

April1.2014 -Dec31.2014 (4790300*9/12) 3592725

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 comparative income statement we would have to make the following calculation:

2014 weighted average no of shares 4256300

Retroactive adjustment for stock split ×2 =8512600

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 comparative income statement we would have to make the following calculation:

Jan1.2015-Mar31.2015 (4790300*3/12)=1197575

Retroactive adjustment for stock split ×2

Jan1-Mar31.2015 adjusted. 2395150

Mar1.-Dec31.2015 (9580600*9/12)= 7185450

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

8 0

3 years ago

After tyrese and ryan move in together, ryan finds himself disappointed. he thought they'd spend all their time together, but ty

Tpy6a [65]

Ryan could try to be a bit more realistic in his expectations of frienship

7 0

3 years ago