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MatroZZZ [7]
3 years ago
12

Encore Industries owned investment securities with a book value of $45 million on August 12. At that time, Encore’s board of dir

ectors declared a property dividend consisting of these securities. The fair value of the securities was as follows:
Declaration – August 12$58million
Record date – September 1 62million
Distribution date – September 20 60million
What amount of gain should Encore recognize in earnings in connection with this property dividend?
Business
1 answer:
Aleks04 [339]3 years ago
4 0

Answer$13m

Explanation:

It's the declared dividend on the date declared, that is obligatory for payment by a company. What happens there after are normal trading activities.

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Jennifer Schwab is an investor in The Handy Man Pro Shops. On January 1, she purchased 225 shares of stock at a price of $15 per
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Answer:

C. $3,375

Explanation:

Calculation for the value of this stock on the company's balance sheet on December 31

Stock value= 225 shares* $15 per share

Stock value=$3,375

Therefore the value of this stock on the company's balance sheet on December 31 will be $3,375

5 0
3 years ago
Logan is a midlevel manager at Oranges Inc. When she turns 60, her company forces her to take mandatory retirement in exchange f
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Answer:

The correct answer is b. Logan will most likely win because it is illegal for companies to subject midlevel managers to mandatory retirement .

Explanation:

Retirement must be agreed upon in order to be considered legitimate, which is why in this situation Logan is at a greater advantage since the company Oranges wanted to submit him to take retirement, even without requiring it because he did not have the legal age to access it. automatic way. It can be inferred that Oranges is trying to remove him from his position to hire a younger person who can hold the position for many years as Logan did.

4 0
3 years ago
John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritan
I am Lyosha [343]

Answer:

John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

r = Annual interest rate = 12%, or 0.12

n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

M = $341,400 / 6.35284736

M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

8 0
2 years ago
Suppose it costs $2,500 to buy a defibrillator. Find the expected value of owning a defibrillator if there is a 4% probability t
Blizzard [7]

Answer:

yeah

Explanation:

3 0
3 years ago
Loews corporation, a conglomerate with 15 billion usd in revenues, competes across several industries including oil and gas, tob
Dvinal [7]
The statement above is FALSE.
Loews conglomeration is into many businesses including hotels, insurance, watches, oil, gas, tobacco, etc. The diversification strategy of the company is to buy up firms that are in financial mess, turn them into profitable ventures and then sell them at a premium. They also diversified by investing into new business fields.  
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