Answer:
The adjusted trial balance
Explanation:
The income statement is the financial statement that shows the revenue generated by the company as well as the expense incurred in the process for a given period of time. It shows the company's performance in terms of profit or loss.
Items of sales and expenses are show in the company's trial balance. This feeds the income statement.
Answer:
The correct answer is D. 2007.
a.A stable dollar dividend targeted at 50 percent of earnings over a 5-year period.
b.A small, regular dividend of $0.70 per share plus a year-end extra when the profits in any year exceed $21,000,000.
The yearly dividend per share to be paid would depend on the policy that the company decides to implement - either $0.97 per share for policy (a) or $1.09 per share for policy (b).
For policy (a), to determine the yearly dividend per share to be paid, we need to calculate the average earnings over the 5-year period and take 50% of it as the targeted dividend per share. Let's assume the average earnings over the 5-year period is $15,000,000. Then, the targeted dividend per share would be:
Dividend per share = 50% x Average earnings / Number of shares Dividend per share = (0.5 * $15,000,000) / 7,700,000 Dividend per share = $0.97
For policy (b), we need to determine the year-end extra dividend when the profits in any year exceed $21,000,000. Let's assume that the profits for the current year are $24,000,000. Then, the year-end extra dividend per share would be:
Year-end extra dividend per share = (Profit - Threshold) / Number of shares Year-end extra dividend per share = ($24,000,000 - $21,000,000) / 7,700,000 Year-end extra dividend per share = $0.39
The regular dividend per share is given as $0.70. Therefore, the total dividend per share for policy (b) would be:
Total dividend per share = Regular dividend per share + Year-end extra dividend per share Total dividend per share = $0.70 + $0.39 Total dividend per share = $1.09
So, the yearly dividend per share to be paid would depend on the policy that the company decides to implement - either $0.97 per share for policy (a) or $1.09 per share for policy (b).
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Answer:
c
Explanation:
i just took the quiz on edunuitiy
Choosing a job based on skills and interests is important because a full-time job typically involves working around 2,080 hours each year.
The Importance of Selecting a Job Based on Skills and Interests
When choosing a job, it is crucial to consider your skills and interests, as your job will consume a significant amount of your time each year.
On average, a person with a full-time job works approximately 2,080 hours each year.
By selecting a job that aligns with your skills and interests, you are more likely to find satisfaction and fulfillment in your work, leading to a more enjoyable and successful career.
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The following are true: the correlation coefficient is the covariance of two assets divided by the product of the standard deviations of those assets and the correlation coefficient is a scaled value and easier to interpret than the covariance. similar to the standard deviation. The correct option is b and c are true.
Option b is true because the correlation coefficient is calculated by dividing the covariance of two assets by the product of their standard deviations. This formula standardizes the covariance and makes the correlation coefficient easier to interpret.
Option c is also true because the correlation coefficient is a scaled value, which ranges from -1 to 1, making it easier to interpret compared to the covariance. The correlation coefficient represents the strength and direction of the relationship between two variables, while the covariance only provides the direction.
Options a and d are false. The covariance is not the square root of the correlation coefficient, as they are different measures of association between variables. Additionally, both covariance and correlation can have positive, negative, or zero values, depending on the nature of the relationship between the two variables. The correct option is b and c are true.
To know more about correlation coefficient, refer here:
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Complete question:
which of the following are true? multiple select question.
a. the covariance is the square root of the correlation coefficient.
b. the correlation coefficient is the covariance of two assets divided by the product of the standard deviations of those assets.
c. the correlation coefficient is a scaled value and easier to interpret than the covariance. similar to the standard deviation,
d. the covariance and correlation can only be a positive value.
The correlation coefficient is the covariance of two assets divided by the product of their standard deviations. It is a scaled value and easier to interpret than covariance. Both covariance and correlation can be positive or negative values.
The correlation coefficient is the covariance of two assets divided by the product of their standard deviations. It is a scaled value that ranges from -1 to +1 and indicates the strength and direction of the relationship between variables. It is easier to interpret than covariance because it is a standardized measure. However, both covariance and correlation can be positive or negative values.
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Option A is correct.
Credit cards charge the highest interest rates.
Further explanation:
Credit card:
Credit card is issued by financial institutes such as banks. A credit card is a plastic card that allows the cardholders to borrow the funds from the respective bank and spend the funds as per their requirements. A credit card can be used for the purchase of goods and services. A credit card has a specific limit. It is known as a line of credit (LOC). The cardholder can withdraw or use the funds up to the LOC. The cardholder has to pay the borrowed amount along with interest on the borrowed funds after a specific period of time, which is defined and stated at the time of issuing the credit card.
Justification for the correct and incorrect answer:
A
Credit cards: This option is correct.
Credit cards are used for the purchase of products or services. Credit card charges the highest rate of interest than the mortgage loans or any other loans.
B
Cashier's checks: This option is incorrect.
Cashier’s checks are a check guaranteed by the bank or financial institution. They are mainly required by the brokerage transactions. They also charge a high rate of interest but not more than the credit card’s rate of interest.
C
Pre-paid cards: This option is incorrect.
Pre-paid cards include MasterCard, Visa, and American express, these can be used anywhere for purchasing any item like shopping or goods purchased. And pre-paid cards charge the lowest rate of interest for loading the amount in the card.
D
Payday loans: This option is incorrect.
A payday is a small amount of loan taken for any purpose. Payday loans are expensive but they do not charge a high rate of interest than the credit cards. They charge a high rate of interest depending upon the income of the borrower for taking short-term loans.
Thus, credit cards charge the highest interest rates.
Learn more:
1. Common credit card fee
2. Charging fee in case of credit card
3. Consequences of non-payment of monthly credit card payment
Answer details:
Grade: High School
Subject: Business studies
Chapter: Money and banking
Keywords:Which payment method typically charges the highest interest rates, Credit cards, Cashier's checks, Pre-paid cards, Payday loans, MasterCard, Visa, American express, lower, loading, amount, short-term, high rate of interest.