Answer:
Please find the income statement below;
Explanation:
<u>Single step Income statement</u>
Revenues
Net sales 2,419,200
Interest revenue 39,300
<em>Total revenues 2,458,500</em>
Expenses
Cost of goods sold 1,464,600
Admin. expenses 216,400
Selling expenses 294,800
Interest expense 46,000
<em>Total expenses 2,021,800</em>
<em><u>Net Income </u></em><em> </em><u><em>436,700</em></u>
Answer:
APR= 23.91%
EAR= 8%
Explanation:
A stock was bought at $51.27 three months ago
The current share price is $55.36
Therefore the APR of the investment can be calculated as follows
= 55.36-51.27/51.27
= 4.09/51.27
= 0.0797
= 7.97%
APR= 3×7.97
= 23.91%
EAR= (1+0.079/3)^3-1
= 1+0.0263^3-1
= 1.026^3-1
= 0.08×100
= 8%
Answer:
Gogo Inc. and Mrs. Mill
The Income that Mrs. Mill must recognize in the year of exercise is:
= $23,100
Explanation:
a) Data and Calculations:
Options given to Mrs. Mill = 10,000 shares of Gogo stock
Exercise price of the options = $8 per share
Period of option exercise = 5 years
Selling price of shares at grant date = $7.87
Selling price of shares at exercise date = $10.31
Compensation expense recorded by Gogo = $26,700
Cost of options to Mrs. Mill = $80,000 (10,000 * $8)
Income that Mrs. Mill must recognize in the year of exercise = $23,100 ($10.31 - $8) * 10,000
Answer:
the standard deviation for the sample is 6.83%
Explanation:
∑ ( (x1-X)^2 ) / N-1
whre X is the mean of the sample and N is the number of samples.
Year Return
2010 21.00%
2009 12.50%
2008 25.00%
Average: (0.21 + 0.125 + 0.25 )/3 = 0.195
Difference between average and actual result squared:
(0.21-0.195)^2+(0.125 -0.195)^2+(0.25 -195)^2 =
(0.015)^2+(-0.07)^2+(0.055)^2 = 0.00815
1/(N-1) = 1/(3-1) = 1/2
standard deviation = √(0.00815/2) = 0.06837397166 = 6.83%
