A hotel that includes amenities like breakfast is an example of ____

Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $32; replacement cost, $

oksian1 [2.3K]

Answer:

The unit price should be $25.6

Explanation:

Net realization value = selling price - selling cost

= $42 - $8

= $34

Profit margin = 20% of selling price

= 0.2 × $42

= $8.4

NRV - profit margin:

= $34 - $8.4

= $25.6

Since we don't have replacement cost in the question. Hence, the market value is lower of (NRV, NRV-Profit) = $25.6

The unit price should be $25.6

7 0

3 years ago

The difference between total assets of a firm and its total liabilities is called_______.

Gnom [1K]

The difference between the total assets of a firm and its total liabilities is called <u>net worth</u>.

Net worth is the value of all of your property, minus the whole of all your liabilities. Positioned every other manner, it's miles what you personal minus what you owe. If you owe extra than you own, you have got a bad internet worth. if you very own greater than you owe you will have a nice net well worth.

Net worth is the price of all of the non-economic and economic assets owned with the aid of a man or woman or group minus the fee of all its fantastic liabilities. Net actual worth is the cost of all assets, minus the whole of all liabilities. placed any other manner, internet well worth is what's owned minus what is owed.

The meaning of total assets is all of the property or objects of cost, a small commercial enterprise owns. Included in total belongings are coins, bills receivable (cash thanks to you), inventory, devices, equipment, and so on.

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4 0

1 year ago

Seacrest Company has 25,000 shares of cumulative preferred 1% stock, $150 par and 50,000 shares of $10 par common stock. The fol

almond37 [142]

Answer:

for 1st year dividend per equity share = $0.75

for 2nd year 0

for 3rd year dividend per equity share = $1.35

Explanation:

given data

share = 25000

cumulative preferred stock = 1%

par value = $150

share = 50000

common stock = $10

to find out

Determine the dividends per share for preferred and common stock for each year

solution

for 1st year

dividends amount Year 1 = $75,000

so total Preferred dividend to be paid = 150 × 1% × 25000

total preferred dividend = $37500

so dividend per share = $\frac{37500}{25000}$

dividend per share = $1.5

so remaining dividend after payment of preferred dividend is

dividend after payment of preferred dividend = 75000 - 37500

dividend after payment of preferred dividend = $37500

so dividend per equity share will be

dividend per equity share = $\frac{37500}{50000}$

dividend per equity share = $0.75

and

for 2nd year

dividends amount Year 2 = $30,000

and total preferred dividend = $37500

so dividend per share will be = $\frac{30000}{25000}$

dividend per share = $1.2

so since the preferred stock cumulative dividend to be paid in next year due to less payment

remaining dividend = 30000 - 37500 = - 7500

so current yeas will be $ 0.3 per share or $7500

so remaining dividend is 0

and

for 3rd year

dividends amount Year 3 = $112,500

total dividend paid to preferred stock = 37500 + 7500 = $45000

so preferred dividend per share = $\frac{45000}{25000}$

preferred dividend per share =- $1.8

remaining dividend = 112,500 - 45000 = $67500

so dividend per equity share = $\frac{64500}{50000}$

dividend per equity share = $1.35

5 0

4 years ago

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

Alinara [238K]

Answer and Explanation:

The journal entries are shown below:

On June 3

Merchandise Inventory $4,100

To Accounts payable $4,100

(Being the purchase of goods on credit is recorded)

On Jun 5

Accounts payable $1,100

To Merchandise Inventory $1,100

(To record purchase returns)

On June 6

Merchandise Inventory $1,000

Accounts payable $1,000

(Being the purchase of goods on credit is recorded)

On June 11

Accounts payable ($4,100 - $1,100) $3,000

To Cash $2,960

To Inventory ($4,100 - $1,100) × 2% $60

(Being the payment is recorded)

On June 22

Accounts Payable $2,000 ($3,000 - $1,000)

To Cash $2,000

(Being the payment on account in full is paid)

4 0

4 years ago

Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continu

yuradex [85]

Answer:

Home Parties is paying an annual dividend of $1.78 every other year. The last dividend was paid last year. The firm will continue this policy until two more dividend payments have been paid. Three years after the last normal dividend payment, the company plans to pay a final liquidating dividend of $32 per share. What is the current market value of this stock if the required return is 14.7 percent?

The current market value of this stock = $16.78.

Explanation:

Current market value of this stock = $1.78/1.147 + $1.78/1 .147∧3+ $32/1.147∧6

Current market value of this stock= 1.55187 + 1.78/1.509 + 132/2.27709

Current market value of this stock= 1.55187 + 1.17959 + 14.053

The current market value of this stock = $16.78.

8 0

3 years ago

A hotel that includes amenities like breakfast is an example of _____.