The accounting equation can be stated as

You can avoid storage and assaying problems by investing in:

Aleksandr [31]

The answer that best fits the blank is GOLD BULLION COINS. In order for you to avoid problems regarding storage, it would be best to invest in this kind of kinds. Typically, brokers would require at least 10 coins plus a 2% commission fee. Since it is gold and gold is considered to be one of the metals with a very high value, this would also mean that these coins also take the value of gold in the market.

7 0

4 years ago

Tara purchased a machine for $40,000 to be used in her business. The cost recovery allowed and allowable for the three years the

nexus9112 [7]

Answer:

c. $11,480

Explanation:

Given that

Cost recovery allowed Cost recovery allowable

Year 1 $16,000 $8,000

Year 2 $9,600 $12,800

Year 3 $5,760 $7,680

The computation of gain should Tara recognize is shown below:-

Cost $40,000

Less:

Greater cost of recovery

allowable or allowed

Year 1 $16,000

Year 2 $12,800

Year 3 $7,680 $36,480

Adjusted basis $3,520

Gain to be recognized = Residual value - Adjusted basis

= $15,000 - $3,520

= $11,480

So, for computing the gain to be recognized we simply deduct the adjust basis from residual value.

7 0

4 years ago

WILL GIVE BRAiNLIST PLZ ASAP

Luda [366]

Answer:

1 3 5 6 is ur answer

Explanation:

7 0

3 years ago

Read 2 more answers

On January 1, 2020, Headland Company issued 10-year, $1,840,000 face value, 6% bonds, at par. Each $1,000 bond is convertible in

Anna11 [10]

Answer:

a. $3.64

b. $3.56

Explanation:

Basic Earning per Share = Earnings Attributable to Holders of Common Stocks / Weighted Average Number of Common Shares

Earnings Attributable to Holders of Common Stocks Calculation :

Net income $473,800

Less Interest on bonds after tax ($1,840,000×6%×80%) ($88,320)

Earnings Attributable to Holders of Common Stocks $385,480

Weighted Average Number of Common Shares Calculation:

Common Shares 103,000

Weighted Average Number of Common Shares 103,000

Basic Earning per Share = $385,480/103,000

= $3.74

Diluted Earning per Share = Adjusted Earnings Attributable to Holders of Common Stocks / Adjusted Weighted Average Number of Common Shares

Adjusted Earnings Attributable to Holders of Common Stocks Calculation:

Earnings Attributable to Holders of Common Stocks $385,480

Add Back Interest on bonds after tax ($1,840,000×6%×80%) $88,320

Earnings Attributable to Holders of Common Stocks $473,800

Adjusted Weighted Average Number of Common Shares Calculation:

Weighted Average Number of Common Shares 103,000

Add Convertible Bonds (1840,000/1000×16) 26,440

Adjusted Weighted Average Number of Common Shares 129,880

Diluted Earning per Share = $473,800/ 129,880

= $3.64

6 0

4 years ago

The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average and ending b

Paha777 [63]

Answer:

Sampson Company

The inventory turnover for Sampson is:

5 times.

Explanation:

a) Data and Calculations:

Assets

Cash and short-term investments $ 45,000

Accounts receivable (net) 25,000

Inventory 11,000

Property, plant and equipment 210,000

Total Assets $291,000

Liabilities and Stockholders' Equity

Current liabilities $ 50,000

Long-term liabilities 90,000

Stockholders' equity—common 151,000

Total Liabilities and Stockholders' Equity $291,000

Income Statement Sales $ 120,000

Cost of goods sold 55,000

Gross profit 65,000

Operating expenses 30,000

Net income $ 35,000

Number of shares of common stock 6,000

Market price of common stock $20

Dividends per share $0.50

Inventory Turnover = Cost of goods sold/Average Inventory

= $55,000/$11,000

= 5 times

3 0

3 years ago