You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment?

Q: only Answerg question Cost of Gross Goods Profit Sales Net Beg Net Ending Sales returns Sales…

A: Since you have asked for part 2 only so we have answered the same for you.   Sale is the amount of…

Q: What influences the materiality of the company being audited?

A: The audit relies heavily on the criterion of materiality. Auditors use it throughout the preparation…

Q: Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts…

A: Lets understand the basics. Shareholders equity includes total of common stock issued plus retained…

Q: 4/2 Purchased a company automobile for $32,000, with a cash down payment of $1,000 and the remaining…

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: The following transactions occurred during July: 1. Received $1,010 cash for services provided to a…

A: Revenue is the amount of money earned by an entity by providing services or selling goods.

Q: A purchase order establishes an initial record of the receipt of the inventory. O True O False

A: The stock received by entity is recorded in an document called as receiving report.

Q: Cash balance, beginning Add collections from customers Total cash available Less disbursements…

A: The cash budget is prepared to record the cash receipts and cash disbursements during the period and…

Q: chine B for at most 19 hours. How many each window should the company make in the coming week in…

A: The optimum value of the output of each of the models should be taken out.

Q: Explain how factoring works. Of what benefit is factoring to a firm that sells its receivables?

A: This kind of the financial transaction helps the business in raising quick amount of cash through…

Q: An installment note is a liability requiring a series of payments to the lender. True or False True…

A: Introduction: An instalment note is a legal obligation or liability that requires the lender to…

Q: Westwood Music uses flexible budgets to control its selling expenses. Monthly sales are expected to…

A: A flexible budget performance report evaluates actual sales and expenditures for a timeframe to…

Q: Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a…

A: a. Direct labor rate variance = -$68,200 F b. Direct labor time variance = $306,600 U c. Direct…

Q: For federal income tax purposes, what term refers to the business entity not being a separate entity…

A: A mutual entity is an entity that involves a private company or a public company. The shareholders…

Q: 1. The price variance for materials is the difference between the actual quantity of materials at…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of…

A: Par value of shares = 100 shares x $60 = $6000 Paid in capital in excess of par = 100 shares x $10 =…

Q: Following is partial information for Delamunte Industries for the month of August: Work In Process…

A: ANSWER A)Predetermined overhead rate per direct labour dollar = Total manufacturing overhead…

Q: Fast Deliveries, Incorporated (FDI), was organized in December last year and had limited activity…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Q: State whether the following statement is 'True' or 'False': In accounting, all business transactions…

A: Introduction: Accounting is the process of recording, organizing, and understanding your business'…

Q: Journal 7 Bought motor vehicle by cheque for RM4,300 11 Sold goods to Karas Sdn Bhd on credit for…

A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

Q: a. Issued 1,000 shares of $10 par common stock at $59 for cash.

A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…

Q: Sheridan Inc. issues $5,000,000, 5-year, 10% bonds at 101, with interest payable annually on January…

A: Par value of shares = $5,000,000 Cash received = $5,000,000 x 101% = $5,050,000 Premium on bonds…

Q: based on the above exercice - On the basis of the data provided at question 6, calculate your…

A: Levered IRR is the Internal Rate of return calculated on the basis of levered free after tax cash…

Q: Grey Grig Ltd Trial Balance as at 30 June 2019 Particulars Equipment rental Insurance Lighting and…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

Q: Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total…

A:

Q: Required information [The following information applies to the questions displayed below.] Duval…

A: Introduction: A record is typically maintained in the general ledger. The ledger is then used to…

Q: From the following information, calculate current ratio. Trade receivables (debtors) 1, 00,000…

A: Introduction: The current ratio is a popular business metric for evaluating a company's liquidity in…

Q: V. On December 31, 2021. Ogallala Associates owned the following securities, held as a long-term…

A: Journal entries are used by the companies, firms, NPO, etc. to keep a record of the transactions…

Q: .Identify some of the corporate scandals that took place in the recent past worldwide and discuss to…

A: Corporate scandals occur when the senior management indulge in some unethical or illegal business…

Q: On April 2, 2015, Montana Mining Co. pays $4,170,260 for an ore deposit containing 1,438,000 tons.…

A: Depletion charge= (cost of asset/total output from asset)  * units extracted during the year.…

Q: Concord Company acquires a delivery truck at a cost of $60,000 on January 1, 2022. The truck is…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: Prepare a con E3-11 A partial adjusted trial balance of Frangesch Company at January 31, 2017, shows…

A: Trial balance includes: Assets accounts Liabilities accounts Capital accounts Expenses accounts…

Q: Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On…

A: An Income summary is a summary of Income earned and expenses incurred during a particular period.

Q: ABC Company's accounting records indicated the following information for 2020: Inventory, January 1…

A: cost of goods available for sale  = Beginning balance + Purchases

Q: Letty Company provided the bank statement for the month of April which included the following…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: What is the function of a cash budget? A capital budget?

A: The budgets are prepared to estimate the requirements during the period.

Q: Identify the cause of an unfavorable variance in profit. a.Actual labor cost is lower than budget…

A: The variance is the difference between the actual data and standard output of the production.

Q: Apr. 1 Sold merchandise for $4,800, with credit terms n/30; invoice dated April 1. The cost of the…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: Sent a bill to R. Hernandez, P2, 500 for car service rendered at his wedding Gas and oil bills paid,…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: (a) On September 30, the firm received its utilities bill for the month of September amounting to…

A: 1. Income Statement 2. Balance Sheet   The first statement shows the income earned and loss incurred…

Q: The following data below relates to units shipped and total shipping expense have been assembled by…

A: Given: Months Unit shipped Total Shipping Expense Jan 3 $1800 Feb 6 $2300 Mar 4 $1700 Apr…

Q: a. Sampson Co. sold merchandise to Batson Co. on account, $22,200, tefS 2/15, Het b. The cost of the…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: 2. What amount would a person with actual cash value (ACV) coverage receive for three-year- old…

A: The amount that would be received by a person with Actual Cash Value ( ACV) coverage for a three…

Q: Tommy specks makers has two variety of specks has provided with rele Speck 1: Selling price-50 Speck…

A: Contribution margin is the difference between selling cost and variable cost without giving…

Q: Compute the thed Be

A: * As per Bartleby policy, when multiple different questions are asked then answer first only.…

Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…

A: A Journal entry is a primary entry that records the financial transactions initially. The…

Q: What is a cash budget?

A: Cash & Cash Equivalents Cash and cash equivalents are very liquid investments that are easily…

Q: A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500…

A: Total purchases = 1000 shares x $10 = $10,000 Total sale = 500 shares x $20 = $10,000

Q: This problem illustrates how costs of two corporate support departments are allocated tooperating…

A: Direct Method- The direct method is used to create a company's cash flow statement by using the…

Q: Exercise 13. Partial-year depreciation Sandblasting equipment acquired at a cost of P64,000 has an…

A: Introduction: A straight-line basis is a method used to estimate depreciation and amortization,…

Q: The following partial information is taken from the comparative balance sheet of Levi Corporation:…

A: Average Price - It is the price at which common stock issued to the shareholder's this includes par…