I hope that if you graduate, what can you do for this company better?

Historical returns have generally been __________ for stocks of small firms as (than) for stocks of large firms.

g100num [7]

Historical returns have generally been higher for stocks of small firms as (than) for stocks of large firms.

<h3>What is stocks?</h3>

Stock in finance refers to the shares into which a corporation or company's ownership is divided. A single share of stock represents fractional ownership of the firm based on the total number of shares.

A stock is a type of instrument that implies the holder owns a share of the issuing firm and is typically traded on stock markets. Corporations issue stock in order to raise funds to run their enterprises. Stock is classified into two types: common and preferred.

Stocks are ownership stakes in a publicly traded corporation. When you purchase stock in a corporation, you become a part-owner of that company. If a corporation has 100,000 shares and you purchase 1,000 of them, you own 1% of the company.

To know more about stocks follow the link:

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3 0

1 year ago

On January 1, 2021, Weaver Corporation purchased a patent for $210,000. The remaining legal life is 20 years, but the company es

Ne4ueva [31]

Answer:

Requirement 1. Journal for purchasing Patent:

Jan 01, 2021 Patent Rights (Debit) 210,000

Cash/Bank (Credit) 210,000

Requirement 2. Journal for amortization expense for the year ended 31 Dec, 2021:

Dec 31, 2021 Amortization expense - Patent 35,000

Accumulated amortization 35,000

Requirement 3. Journal for amortization expense for the year ended 31 Dec, 2022:

Dec 31, 2022 Amortization expense - Patent 35,000

Accumulated amortization 35,000

Requirement 4. Journal for incurring legal fees

Jan 31, 2023 Legal fees 30,000

Cash/Bank 30,000

Requirement 5. Journal for amortization expense for the year ended 31 Dec, 2023:

Dec 31, 2023 Amortization expense - Patent 35,000

Accumulated amortization 35,000

Explanation:

Requirement 1.

Since Weaver corporation purchases a patent, it costs the company cash or bank balance. As the patent is a non-current intangible asset, it is a debit. On the other hand, as cash decreases due to the purchase of patent, the cash is a credit. In this journal, an asset (Non-current asset) increases, and another asset (Current asset) decreases. There will be no effect on the total asset.

Requirement 2, 3 and 5. All the calculations will be the same as it is a straight-line method of amortization. Straight-line depreciation (amortization) is a method of expense on an asset over a long period. The expense is the same over the period as the expense is calculated as the total cost divided by the useful number of years. Again, as the patent is an intangible asset; therefore, the asset has to be amortized instead of depreciated.

The amortization expense of patent is = $210,000/6 = $35,000

Since, the company estimates the patent's useful life will be 6 years. Therefore, the amortization expense will be $35,000 for each year.

Requirement 4: Since legal fees is an expense, the company pays for this due to the occurrence of legal issues. The expense decreases the cash; therefore, it is a credit. On the contrary, the legal fees are a debit as it decreases net income. The legal fees, however, does not affect the amortization expense as it is not adding to the cost of the patent.

7 0

3 years ago

What is the name for the common currency of Europe?

Alika [10]

The euro is the common currency across Europe.

7 0

3 years ago

Read 2 more answers

econ One year a country has negative net exports. The next year it still has negative net exports and imports have risen more th

Vesnalui [34]

Answer:

its trade deficit rose

Explanation:

Trade deficit occurs when the imports of a country are higher than the exports. It is called the trade deficit. It means the country is importing more value of goods from other countries and exporting less. When Imports grows higher than the growth in exports, the trade deficit eventually rises.

8 0

3 years ago

Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system

xz_007 [3.2K]

Answer:

Phillips Corporation

a = 9,050 beginning balance Raw Materials

b = 36,660 beginning balance WIP

c = 15,650 direct materials

d = 6,825 Overhead applied

e = 13,500 Ending balance WIP

f = 5,500 beginning balance Finished Goods

g = 54,625 Completed jobs

h = 4,300 ending balance Finished Goods

i = 9,100 wages assigned

j = d

k = 3,125 indirect labor

l = 1,145 Underapplied overhead

m = 55,825 cost of goods sold

Explanation:

a) Data and Analysis:

1. Jobs in process:

Job No. 154 and Job No. 155

Combined direct materials costs $9,950

Combined direct labor costs 15,200

Overhead applied (75%) 11,400

Total work in process, beginning $36,550

2. Jobs started in December:

Job Nos. 156, 157, and 158

Direct materials $4,400

Direct labor 5,200

Overhead applied (75%) 3,900

Total work in process $13,500

Beginning work in process = $36,550

Ending work in process = $13,500

Beginning Finished Goods Inventory: Job 153 $5,500

Ending Finished Goods Inventory: Job 157 $4,300

Raw Materials Inventory

Dec. 1 Beginning balance 9,050 (a)

Dec. 31 Requisitions 18,950

Dec. 31 Purchases 18,025

Dec. 31 Ending balance 8,125

Total 27,075 27,075

a = $9,050 (27,075 - $18,025)

Work in Process Inventory

Dec. 1 Beginning balance $36,550 b.

Dec. 31 Jobs completed 54,625 (g)

Dec. 31 Direct materials 15,650 c.

Dec. 31 Direct labor 9,100

Dec. 31 Overhead 6,825 d.

Dec. 31 Ending balance 13,500 e.

Finished Goods Inventory

Dec. 1 Beginning balance 5,500 f

Dec. 31 Cost of goods sold 55,825 (m)

Dec. 31 Completed jobs 54,625 g.

g. Dec. 31 Ending balance 4,300 h

Factory Labor

Dec. 31 Factory wages 12,225

Dec. 31 Wages assigned 9,100

Dec. 31 Overhead 3,125

Manufacturing Overhead

Dec. 31 Indirect materials 3,300

Dec. 31 Overhead applied 6,825 d.

Dec. 31 Indirect labor 3,125 k.

Dec. 31 Other overhead 1,545

Dec. 31 Underapplied overhead 1,145

7 0

2 years ago