Answer:
profit sharing
Explanation:
profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.
Answer:
(a) The call price would decrease (b) $8 per share (c) $6 per share
Explanation:
Solution:
The Call option is the right to sell a specified security at a specified price on a future date.
(a) The value of call option/ price will decrease
Since after payment of dividend, the market price of share will decrease
Hence, value of call option will decrease
(b)The Intrinsic Value = Market Price - Strike price
= $50 - $42
= $8 per share
(c)The time Value = Option Premium - Intrinsic Value
= 14-8
= $6 per share
Answer:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold <u>($185,000)</u>
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses <u>($55,000)</u>
General Expense <u>($45,000)</u>
Operating Income ($44,800)
Non-Operating Revenue <u>$105,000</u>
Operating Income before tax $60,200
Income taxes <u>($25,000)</u>
Operating Income after Tax <u>$35,200</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Answer:
The correct answer is Medium of exchange, Unit of account, store of account.
Explanation:
Money offers four main functions in an economy: medium of exchange, unit of account, deposit of value and deferred payment standard. Means of payment means that money is used to make transactions. Unit of account also refers to the measure of value, that is, prices are established in terms of money, of this unit.
The deposit of value means that value, the satisfaction of desires and needs, can be stored over time, using money. Deferred payment standard means that future payments, such as the payment of a car loan, are also established in terms of monetary unit.
How you manage your money greatly depends upon your priorities and goals. For instance, if you goal is to have a financially secure retirement, you would need to start saving and investing now. However, if your goal is to live your best life now, then you may spend more in the short term.