Answer: Option A
Explanation: In simple words, concurrent controls refers to the regulation of activities by an organisation to make sure that those activities are performed as per the standards set. Usually the activities regulated under this type of control are related to the transformation process.
Such control is made to improve an existing performance and not in relation to some new set of activities that are to be performed. Hence from the above we can conclude that the given case is an example of concurrent control.
Answer:
$31,100
Explanation:
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300.
Therefore the amount of stockholders’ equity as of May 31 of the current year can be derived by the formula : Capital = Assets - Liabilities
<u>Assets</u>
Cash $20,500;
Accounts Receivable, $7,250;
Supplies, $650;
Equipment, $12,000
TOTAL = 40,400
<u>Liabilities</u>
Accounts Payable, $9,300.
Therefore stockholders’ equity = 40,400 - 9,300 = $31,100
Answer: $11,000
Explanation:
Working capital is calculated as the difference between current assets and current liabilities.
For 2024 therefore, the working capital is:
= (Cash + Net accounts receivable + Short−term Investments + Merchandise Inventory) - Current liabilities
= (54,000 + 95,000 + 13,000 + 140,000) - 291,000
= $11,000
Dividend Yield ratio is calculated as percentage by dividing the Dividend per share by Market price per share. The formula for the Dividend Yield ratio is as follow:
Dividend Yield = Dividend per share / Market Price per share
We are given:
Dividend per share =$1.60
Market Price per share =$48
Hence, Dividend Yield = 1.60 /48 = 0.033 = 3.3%
