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SCORPION-xisa
7 days ago
9

At the beginning of 2011, hamilton company had retained earnings of $150,000. during the year hamilton reported net income of $7

5,000, sold treasury stock at a “gain” of $27,000, declared a cash dividend of $45,000, and declared and issued a small stock dividend of 1,500 shares ($10 par value when the market value of the stock was $30 per share. the amount of retained earnings available for dividends at the end of 2011 was:
Business
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Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months to pay. However, Anne will have
harina [3808]

Answer:

15.18%

Explanation:

To calculate the nominal annual rate

The first step is to determine EFF% with this formula

EFF% = [1 + (Nominal rate percentage/Number of months in a year)]^Number of months in a year

Let's substitute into the formula

EFF% = [1 + (15%/12)]^12

EFF% = (1 + 0.0125)^12

EFF% = (1.0125)^12

EFF% = 1.1608 × 100%

EFF% = 116.08%

The second step is to find Rnom for quarterly compounding at 116.08% using this formula

Rnom compounding quarterly = (1 + (R/4))^4

Let's plug into the formula

Rnom compounding quarterly = (116.08%)^(1/4) Rnom compounding quarterly = 1 + R/4

Thus,

Rnom compounding quarterly = 15.18%

Therefore, Anne Lockwood should offer her customers a nominal rate of 15.18% compounded quarterly

6 0
2 months ago
An immediate dilution to earnings per share (EPS) would be least likely to occur from A) a 2:1 stock split. B) conversion of deb
Nady [3600]

Answer:

B) conversion of debentures.

Explanation:

Debentures are a form of bond, specifically unsecured bonds. In some instances, certain debentures can be converted into shares, causing immediate dilution of earnings per share. Diluted earnings per share reflects what earnings per share would look like if all convertible stock options, bonds, etc., were transformed into common stocks.

6 0
1 month ago
A large beer company previously had a yearly budget of $50 million per year for advertising but increased the budget to $60 mill
stepan [3596]
The company may continue with the advertising, but this is contingent on ensuring that the 1% revenue increase is equal to or exceeds the $10 spent on advertising. Here's the reasoning: A revenue uptick of 1% suggests that the advertisement played a role in attracting more customers. This opens possibilities for the company to maintain consistent advertising next year, potentially adapting the ad channel, enhancing ad quality, or changing its timing and location. The 1% increase could even equate to $20, although the actual revenue remains unspecified. Conversely, if the 1% growth is noticeably less than the advertising costs, the business should consider consulting with experts.
4 0
3 months ago
High levels of brand​ ________, or the extent to which consumers feel they are​ "in sync" with the fox news​ brand, and engageme
Scilla [3833]
I am quite certain the accurate statement should be phrased like so: High levels of brand​ <span>resonance</span>, denoting how closely consumers feel aligned with the fox news​ brand, leads to better recall of advertisements placed by fox news due to engagement in fox news programs. Brand resonance represents the connection between the consumer and the product, highlighting the consumer's relatability to it.
7 0
2 months ago
Scott used $4,000,000 from his savings account that paid an annual interest of 5% and a $60,000 loan at an annual interest rate
stepan [3596]

Answer: - $103,000

Explanation:

Cash from the savings account = $4,000,000

Interest earned = 5%

Loan amount = $60,000

Loan interest = 5%

Total sale price = $4,100,000

According to the information provided,

Scott allocated $4,000,000 from his savings that yields a 5% annual interest, while also taking out a $60,000 loan with a 5% annual interest rate.

Interest on the loan = 0.05 × $60,000 = $3,000

The business was sold for $4,100,000 after one year. Thus, the return on his investment is

$(4,100,000 - 4,000,000 - 3000) = $97,000

However, had Scott maintained his $4,000,000 in the savings account, he would have received

0.05 × 4,000,000 = $200,000 in interest.

Therefore, calculating the accounting profit gives:

$97,000 - $200,000 = - $103,000

6 0
2 months ago
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