Answer: $7000
Explanation:
cost of ski boots = $8000
merchandise inventory at the beginning of October = $2000
merchandise inventory at the end of October = $3000
So,
Budgeted cost of goods sold for October = cost of ski boots + inventory at the beginning - inventory at the end
= 8000 + 2000 - 3000
= $7000
∴ The budgeted cost of goods sold for October is $7000.
Answer:
$1,692
Explanation:
Data provided in the question:
Number of shares purchased = 100
Cost of stock = $30 per share
Commission = $29
Selling price per share = $45
Commission for selling = $29
Earned dividends = $2.50 per share
Now,
Total Return
= Number of Shares × (Sale Price - cost + Total dividends) - Total Commissions
or
Total Return = 100 × ($45 - $30 + $2.50) - (2 × $29)
or
Total Return = $1750 - $58
or
Total Return = $1,692
Answer and Explanation:
The computation is shown below:
Troy net investment income is
= Interest income generated from saving bank account + annuity receipt taxable - city and valorem property tax
= $1,800 + $3,600 - $270
= $5,130
The current interest deduction for the investment is $5,130
And, the treatment of the potential excess interest of the investment should be carried forward
The same is to be considered
Answer:
Explanation:
56. The Absolute Finance Company (AFC) earned $5 a share last year and paid a dividend of $2 per share. Next year, you expect AFC to earn $6 a share next year and continue its payout ratio. Assume that you expect to sell the stock for $45 a year from now. If you require a 13 percent return on this stock, how much would you be willing to pay for it? a. $41.95 b. $43.21 c. $45.13 d. $46.72 e. $47.40 ANS: A Expected dividend in one year = (2/5)(6) = $2.40 Value today = ($45 + $2.40)/(1.13) = $41.95
