Answer:
A. Dr Cash $100,000
Cr Notes Payable $100,000
B. Dr Interest expense $1,500
Cr Interest Payable $1,500
Explanation:
a Preparation of the entry on April 1 when the note was issued.
Dr Cash $100,000
Cr Notes Payable $100,000
(To record note issued)
B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements
Dr Interest expense $1,500
Cr Interest Payable $1,500
($100,000 x .06 x 3/12)
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Answer:
EPS = $1.71 per unit
Explanation:
<em>Earnings per share is the total earnings attributable to ordinary shareholders divided by the number of units of common stock
.</em>
<em>It represents profit per unit of stock unit held by common stock holder investor. The higher the more profitable and the better.</em>
Earnings per share = Earnings attributable to ordinary shareholders / units of common stock
Earnings attributable to ordinary shareholders= Net income after tax - preference dividend
Net income = 132,000
Preference dividend = Nil
<em>Number of shares at the end of the year = Number of shares at the beginning - number of shares at the end</em>
Number of shares at the end of the year = 80,000 - 3000 = 77,000 units
Earnings = = 132,000 - 0 = 132,000
Earnings per shares(EPS) = $132,000 / 77,000 units
= $1.71 per unit
EPS = $1.71 per unit
Answer:
1. the arithmetic average quarterly return = 8.79%
2. the standard deviation of quarterly returns = 17.8788%
3. the Sharpe ratio of Samsung stock for the next quarter= 0.435593
Explanation:
From the given question;
We use the EXCEL SOFTWARE TO CALCULATE THE:
the arithmetic average quarterly return
the standard deviation of quarterly returns &
the Sharpe ratio of Samsung stock for the next quarter
In the two diagram attached below, the first show the data entry and the output and the second diagram show how we compute the cell reference to estimate the answers.
I just interviewed a local Taxi service provider
Basically, one of the problems that they're facing today is the development of an individual public vehicles provided by tech company such as Uber. He said that it greatly decrease their market shares and cut off their profits up to half of it
