All categories

3 years ago

On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:

Business

1 answer:

KiRa [710]3 years ago

4 0

Answer:

Cash + Supplies = Accounts Payable + common stock - dividends + sales commission - Rent expense.

$20,000 + 2,520 = $2,520 - $1,590 + 25,700 - $5,040 - $8,000 - $2,420 - $1,160 - $3,030 - $850

Explanation:

The effect of transaction is listed above. The effect will be on the balance sheet. These transaction have impacts on various accounts assets side is impacted and liability side is impacted. Equity is affected when there is payment of dividends and stock capital issuance.

You might be interested in

Disposable personal income is A. personal income minus indirect business taxes. B. national income minus depreciation. C. person

Anni [7]

Answer:

C. personal income minus personal taxes.

4 0

3 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

marishachu [46]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

3 0

3 years ago

Which of the following is consistent with the CAPM and efficient capital markets? A) A security with a beta of 1 has a return la

Rus_ich [418]

A security with a beta of 1 has a return last year of 8% when the market has a return of 12%.

Answer: Option A

Explanation:

In a market of the capitals, the return that a person will get from the security will depend upon the risk that has been associated with that security. The CAPM says that the return of the security that a person will get depend upon the beta of the security. Here beta is the measure with which we can measure the risk of the security. It is an absolutely correct measure of the security risk.

6 0

3 years ago

PA15.

ser-zykov [4K]

Answer:

Happy Trails

Income statement using variable costing

$ $

Sales 1,900,500

Less: Variable costs:

Direct material (27,000 units x $15) 405,000

Direct labour (27,000 units x $15) 405,000

Variable overhead (27,000 units x $3) 81,000

891,000

Less: Closing stock (8,000 units x $33) 264,000

627,000

Add: Variable selling and administrative 133,000 760,000

Contribution 1,140,500

Less: Fixed cost:

Fixed production cost (27,000 x $25) 675,000

Fixed selling and administrative expenses 300,000 975,000

Net profit 165,500

Profit reconciliation statement

Closing stock Net profit

$ $

Absorption costing 464,000 365,500

Less: Marginal costing 264,000 165,500

Difference 200,000  200,000

The difference of $200,000 in net profit is as a result of $200,000 difference in closing inventory.

Explanation:

In variable costing, variable costs are deducted from sales so as to obtain contribution margin. Net profit is the difference between contribution and fixed costs. Closing stock is the difference between production units and sales units. Closing stock is valued at marginal cost per unit in variable costing. Marginal cost per unit is the aggregate of all variable cost per unit.

3 0

3 years ago

The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 milli

iragen [17]

Answer:

$39.40

Explanation:

According to the situation, the solution is as follows

The Net asset value of the fund is

= (Current worth of portfolio - liabilities) ÷ (outstanding shares)

= ($200 million - $3 million) ÷ (5 million shares)

= $39.40

Basically we applied the above formula in order to determine the net asset value of the fund.

8 0

3 years ago