Marie has saved $35. on wednesday, she spent $7 of her savings. what ratio represents her current savings with her previous bala

Answer:

Please refer to the attached image

Explanation:

Refer to the attached image for a thorough explanation

Answer:

In a non-monetary exchange that lacks commercial substance, a company should note the acquired asset using the same book value as that of the asset it exchanged.

ABC's journal entry:

Dr Cash 25,000

Dr Building - new 75,000

Dr Accumulated depreciation building - old 60,000

    Cr Building - old 150,000

    Cr Gain on the exchange 10,000*

As the cash received is less than 25% of the total value in the exchange, only a partial gain attributable to the cash must be acknowledged. The partial gain is derived by deducting the cash received from the asset's fair market value. Here, the fair market value was $100,000 with a carrying value of $90,000, leading to a recognized gain of $100,000 - $90,000 = $10,000. Consequently, the new carrying value needs to be adjusted to align with the fair market value minus cash received ($100,000 - $25,000 = $75,000).

XYZ's journal entry:

Dr Building - new 105,000

Dr Accumulated depreciation building - old 15,000

    Cr Building - old 95,000

    Cr Cash 25,000

Considering the absence of commercial substance in the transaction and that XYZ did not receive cash, it must register the new building's value by combining the old building's carrying value with the cash paid to ABC (=$80,000 + $25,000=$105,000).

Answer:

18.58 percent

Explanation:

Applying the growth model formula yields

P₀ =

Here, P₀ = Current market price = $75.10

D₁ = Projected dividend for the year = $3.29

Ke = Expected return = to be determined

g = Growth rate = 14.2%

$75.10 =

Ke - 0.142 =

Ke - 0.142 = 0.0438

Thus, Ke = 0.0438 + 0.142 = 0.1858 = 18.58%

The required rate of return is 18.58%