Question 5 1 pts 5. The beta of Citadelof Inc. stock is -0.40, whereas the risk-free rate of return is 3.50%. If the expected market portfolio return is 6%, then what is the expected return on Citadelof based on the CAPM? 2.73% 2.30% 2.28% 2.50% 1.10%
Prepare the lolowing journal entries for ASU Company. A. Op January 1, ASU Company acquired 10% of the outstanding stock of Darton Company for $100,000 - Account clebit credit Grivicleni HOME lequo CASh 10 B. Darton Company reported net income of $60,000 for the year. - 10 dpc - 70000 uef Incore SOH O 10000 360 Wet Leon 70100 C....
summarizes the results of the basic operating activities of a company C) et profit D) Operating income 7) Colorado Company has 40,000 shares of its common stock outstanding. Denver Company owns 15.000 shares of Colorado Company's stock. Which of the following methods should Denver Company use to account for its investment in Colorado Company? A) market value B) equity C)...
On January 1, 2019, Pearl Corporation purchased 30,000 of the 75,000 outstanding common shares of M. Krab Corporation for $24 per share cash. During the year, M. Krab Corporation paid $1.50 per share cash dividends and reported $880,000 of net income. At the end of 2019, the M. Krab Corporation common stock is selling at $29 per share. Pearl Corporation...
Question3 On June 1,2017, Metlock, Inc. was started with an initial investment in the company of $22,410 cash. Here are the assets, liabilities, and common stock of the company at June 30,2017, and the revenues and expenses for the month of June, its first month of operations: Cash Accounts receivable Service revenue Supplies Advertising expense Equipment Common stock 5,060 Notes...
E3-21A. (Learning Objective 3: Adjust the accounts) Jenkins Rentals Company faced the following situations. Journalize the adjusting entry needed at December 31,2020, for each situation. Consider each fact separately a. The business has interest expense of $3,100 that it must pay early in January 2021 b. Interest revenue of $4,400 has been earned but not yet received. c. On July...
On January 1, 2018, brown co. borrowed cash from First Bank by
issuing 49,500 for face value,
four-year term note that had an 8 percent annual interest rate.
The note is to be repaid by making annual cash payments of $14,285
that include both interest and principal on December 31 of each
year. Brown used the proceeds from the loan...
Exercise 17-4 On January 1, 2017, Grouper Company purchased 12% bonds, having a maturity value of $278,000, for $299,076.51. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each...
Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2022, and December 31, 2021. Duke Company Lord Company 2022 2021 2022 2021 Net sales $1,849,000 $546,000 Cost of goods sold 1,063,200 289,000 Operating expenses 240,000 82,000 Interest expense 6,800 3,600 Income tax expense 62,000 28,000 Current assets...
Use the following information to answer the question below. When Sumter Corporation was formed on January 1, 2013, the corporate charter provided for 50,000 shares of $40 par value common stock. The following transactions were among those engaged in by the corporation during its first month of operation: Transaction 1. The corporation issued 200 shares of stock to its lawyer...