Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:

A reversing entry is the exact opposite of an adjusting entry made in a previous period. is made when a business disposes of an

Ulleksa [173]

Answer: A reversing entry: "is the exact opposite of an adjusting entry made in a previous period.".

Explanation: Reversion entries are an end-of-the-year technique that involves the reversal, on the first day of the new accounting period, of those end-of-year adjustment entries that cause expenses or income and therefore will result in payments or cash receipts. Its purpose is to allow company personnel to record routine transactions in a standard manner without referring to previous adjustment entries.

7 0

3 years ago

Shares of common stock of the Samson Co. offer an expected total return of 13.0 percent. The dividend is increasing at a constan

krok68 [10]

Answer:

b. 7.60 percent.

Explanation:

Dividend yield = expected return - dividend growth rate

expected return = 13%
dividend growth rate = 5.4%

dividend yield = 13% - 5.4% = 7.6%

Dividend yield is a financial metric that measures the rate of return that a stockholder receives every time a dividend is distributed. You can also calculate it by dividing dividends received by stock price.

4 0

3 years ago

Gross Domestic Product (GDP) includes _____ goods and services.

Elena L [17]

Last year's goods and services.

3 0

3 years ago

Read 2 more answers

Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislo

Vladimir79 [104]

Answer:

Cost of purchase= $1,014,300

Explanation:

Giving the following formula:

Production:

August= 22,600

September= 21,300

Ending inventory= 20% of the following month's production needs.

Beginning inventory= 10,800 kg

The cost of Jurislon is $18.00 per kilogram.

One Miniwarp requires 2.5 kilograms of the raw material Jurislon.

First, we need to calculate the purchases in kg required using the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= (2.5*22,600) + (2.5*21,300)*0.2 - 10,800

Purchases= 56,350kg

Now, the total cost of purchase:

Cost of purchase= 56,350*18= $1,014,300

7 0

2 years ago

Kosi worked for Playgood Sports Store. He lost his job because the store closed. Kosi is counted as _____. (A)unemployed (B)a ta

Alisiya [41]

Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.

5 0

3 years ago