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3 years ago

TRUE OR FALSE - ACCOUNTING (100 POINTS)

2 answers:

8 0

1. False - Dividends reduce retained earnings, retained earnings is an equity account
2. False - Cash is an asset and the normal sign is a debit
3. True
4. True
5. False - Cash increases, receivable decreases, total assets stays the same
6. False - GAAP requires the company be on “accrual basis” and the “matching principle” requires the expense to be recognized
7. False - Revenue recognized when earned
8. True
9. True
10. True

miv72 [106K]3 years ago

6 0

Answer:

1. False

2. False

3. True

4. True

5. False

6. False

7. False

8. True

9. True

10. True

Explanation:

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Answer:

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Explanation:

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3 years ago

Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro

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Answer and Explanation:

The preparation of the direct material budget for the second quarter is presented below:

Rida Inc

Direct Materials Budget Second Quarter

Units to be produced 240,000 units

Materials requirement per unit 0.60 pounds

Materials needed for production (pounds) 144,000 pounds

Add: Budgeted ending inventory (pounds) 9,450 pounds

(52,500 units × 0.60 pounds × 30%)

Total materials requirements (pounds) 153,450 pounds

Less: Beginning inventory (pounds) 43,200 pounds

Materials to be purchased (pounds) 110,250 pounds

Multiply Material price per pound $175

Budgeted cost of direct materials $19,293,750

We added the ending inventory and deduct the beginning inventory to the production units so that the purchased units could come and then multiply it with the material price per pound so that the budgeted cost could come

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4 years ago

What is the stock price per share for a stock that has a required return of 16%, an expected dividend $2.7 per share, and a cons

Anit [1.1K]

Answer:

Price of stock = $49.5

Explanation:

<em>The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return. </em>

If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:

Price of stock=Do (1+g)/(k-g)

Do - dividend in the following year, K- requited rate of return , g- growth rate

DATA:

D0- 2.7

g- 10%

K- 16%

Price of stock = ( 2.7×1.1)/(0.16-0.1) = 49.5

Price of stock = $49.5

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3 years ago

Due to the acquisition of the lands from the louisiana purchase, which industry, which industry began to succeed

Marina86 [1]

Farming industry in this region began to succeed.

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3 years ago

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