Answer:
The correct answer is letter "B": A gift inter vivos.
Explanation:
A gift inter-vivos refers to the transfer of a property from one party to another while the donor is alive. This transfer must be celebrated through a written agreement providing the beneficiary absolute ownership of the property. In such a case, the donor cannot request the property back and gives up any right over it.
The beneficiary must accept the gift for the transfer to be complete and if the property has value, the beneficiary will accept it as well.
<em>The issue between Tina and Becca relies on not having signed any document for the transfer of the diamond ring but they are involved in an inter-vivos gift.</em>
Answer:
1.97%
Explanation:
The formula to calculate the holding period return is:
HPR=(Income generated+(ending value-initial value)/Initial value)*100
Income generated= $24
Ending value= $884.89
Initial value= $891.26
HPR=(24+(884.89-891.26)/891.26)*100
HPR=(24+(-6.37)/891.26)*100
HPR=(17.63/891.26)*100
HPR=0.0197*100
HPR= 1.97%
According to this, the holding period return (HPR) on the bond as of today is 1.97%.
Explanation:
The computation is shown below::
The dividend yield = Annual dividend ÷ Market share price
where,
Market share price = $22 per share
Annual dividend = $0.88 per share
So, the dividend yield = ($0.88 per share ÷ $22 per share) × 100
= 4.0%
The capital gain rate is
= (Expected share price - initial price) ÷ (Initial price) × 100
= ($23.54 - $22) ÷ ($22) × 100
= $1.54 ÷ $22 × 100
= 7.0%
Now the total return is
=(Expected share price + expected dividend - initial price) ÷ (Initial price) × 100
= ($23.54 + $0.88 - $22) ÷ ($22) × 100
= $2.42 ÷ $22 × 100
= 11.0%
Answer:
The ending balance in the retained earnings account on December 31, 2009 was $11,000
Explanation:
For computing the retained earnings balance on December 31, 2009, the following equation should be used which is shown below:
= Ending retained earnings + dividend paid - net income
= $31,000 + $16,000 - $36,000
= $11,000
Since we have to find out the beginning retained earning so we add the dividend amount and deduct the net income amount
If we find out the ending balance of December 31, 2010, than we add the net income and deduct the dividend amount.
Hence, the ending balance in the retained earnings account on December 31, 2009, was $11,000
