Answer: A. $13000
During its first five years of operation, Mookie Consulting Services reported the following annual net income and dividend amounts:
Year Net Income Dividends
1 $22,000 $2,000
2 17,000 2,000
3 9,000 1,000
4 14,000 3,000
5 25,000 4,000
If Mookie had Retained Earnings of $88,000 at the end of year 5, what was the company's Retained Earnings at the beginning of
Year 1?
a. $13,000 d. $41,000
b. $23,000 e. some other amount
c. $37,000
Explanation: the difference between total dividends (75,000$) and total net Income (88000$) gives the Retained Earnings = $13000
Answer:
5 years
Explanation:
Given:
For proposal X
The initial Investment = $10,700,000
Useful life = 5 years
Estimated annual net cash inflows for 5 years = $2,140,000
Residual value = $50,000
since,
the depreciation method is a straight line
thus,
payback period for the proposal X will be given as:
Payback period = (Initial investment) / (Estimated annual cash inflows)
on substituting the values, we get
Payback period = $10,700,000 / $2,140,000
or
Payback period for the proposal X = 5 years
Answer: 4cm
Explanation:
The volume of a rectangular solid is calculated as the length multiplied by the width and then multiplied by the height.
In this scenario, since the volume is 104cm^3, the values will be:
= 4cm, 2cm and 13cm
From the values written, the length will be 4cm
Six years ago, Angie invested $50,000 that she inherited from her grandfather into a growth stock mutual fund. Each share of the fund cost $22/share. Yesterday, she perused a mutual fund quote on the Internet. The quotation showed (1) Year To Date Return; (2) Yield; (3) Net Asset Value; (4) Previous Close. Which of these will provide her with an indication of the present price per share she can expect to realize if she calls her broker tomorrow morning and asks her to sell the shares? Group of answer choices:
Answer:
Six years ago, Angie invested $50,000 that she inherited from her grandfather into a growth stock mutual fund. Each share of the fund cost $22/share. Yesterday, she perused a mutual fund quote on the Internet. The quotation showed - Net Asset Value (Option 3).
Explanation:
The Net Asset Value (NAV) reveals the market price for a share of Angie's mutual fund. It is calculated each evening at the close of the trading day. All other shares purchased the following day are traded at the Net Asset Value, calculated the night before and the prices of mutual funds do not fluctuate during the day.
Thus, option 3 is the correct answer choice.