Answer:
$82,000
Explanation:
The computation of the current investment is shown below:
Current investment = Number of shares of common stock × price per share
= 2,000 shares × $41 per share
= $82,000
By multiplying the number of shares of common stock with the price per share we can get the current investment in the company
All other information which is given is not relevant. Hence, ignored it
Answer:
b) false
Explanation:
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Answer:
D. Cost of Goods Sold
Explanation:
The cost of goods sold or simply COGS is a numerical representation of the direct expenses incurred in manufacturing products sold to customers in a period. It is the aggregate of direct labor, direct materials, and overheads used in the production process. COGS apply to manufacturing firms and companies that handle physical goods.
The COGS is deducted from the sales revenue to give the gross profit. Calculating the COGS involves adding the purchases or goods manufactured to the beginning inventory. Ending inventory is deducted from the total to provide the COGS. As per the formula, the COGS does not apply to the service industry.
Answer:
Net income = $169.2
Growth in dividend = 76.25%
Explanation:
The projected figures are as below:
Sales = $700 x (1 + 15%) = $805 <em>(15% increase in sales)</em>
Operating costs including depreciation = $805 x 60% = $483 <em>(60% of sales)</em>
Interest expense = 40 <em>(remain constant)</em>
EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322
EBT = EBIT - Interest expense = $322 - $40 = $282
Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2
Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4
Growth in dividend = $56.4/$32 = 76.25%
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Answer:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
Explanation:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
