Answer: 6.79%
Explanation:
The holding period return is:
= (Current price - Cost price + Dividend) / Cost price
= (48.27 - 45.95 + 1.20) / 45.95
= 7.66%
The annualized return is:
= ( ( 1 + holding period return) ^ number of days in a year/ number of days stock was held - 1)
= ( ( 1 + 7.66%) ³⁶⁵ / ⁴¹⁰ - 1)
= 6.79%
I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!
Answer:
B. a debit to Allen, Capital for $3,000.
Explanation:
Capital after admission: 220,000
Daniel receives a fifth so 20%: 20% of 220,000 = 44,000
Daniel investment 40,000
So there is a 4,000 bonus that will be taken between the old partners at their share ratio:
Allen 4,000 x 3/4 = 3,000
Daniel 4,000 x 1/4 = 1,000
The journal entry wil lbe:
cash 40,000
allen 3,000
daniel 1,000
davin 44,000
