Answer:
$46.43
Explanation:
Calculation for Below what stock price level would you get a margin call
First step is to calculate the Loan amount
Loan amount=(100 shares × $130 × 0.5
Loan amount= $6,500 × 0.5 = $3,250
Now let calculate Stock price level
0.30 = (100P $3,250)/100P
30 - P = 100P - $3,250
30-100P= - $3,250
-70P = -$3,250
P=$3,250/70
P = $46.43
Therefore Below what stock price level would you get a margin call will be $46.43
Answer:
C) $128.15
Explanation:
The computation of the intrinsic value of Innovative Components’ equity per share is shown below:
= Retained earnings ÷ number of shares issued × PE ratio
= $2,014,802 ÷ 402,500 shares × 24.6
= $128.15
We simply applied the above formula so that the intrinsic value of Innovative Components’ equity per share could come
and ignored the company PE ratio of 24.6
Answer:
Date General Journal Debit Credit
Dec 31 Supplies expenses $2,300
(1,650+3,800-3150)
Supplies $2,300
(To record the supplies used during the period)
Dec 31 Insurance expenses $1,650
Prepaid expenses $1,650
(To record the insurance expired for December)
Dec 31 Salaries expenses $15,300
Salaries payable $15,300
(To record the unpaid salaries)
Dec 31 Deferred revenue $1,150
(3450/3 months)
Rent revenue $1,150
(To record the revenue earned during the period)
Answer:Worthy journal $
Date
March 14, 2022
Bad debt Dr 2600
Receivable Cr 2600
Narration. Record of receivables written off to income account on account becoming unrecoverable.
Explanation:
The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.
In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.
Answer: The correct answer is "a. $26,000".
Explanation: Implicit costs: Also known as opportunity costs have to do with alternative profit options, or money that we no longer receive when performing certain commercial actions.
A person incurs implicit costs when he waives an alternative action.
Implicit costs: $20000 + $6000 = $26000.
