Enable contrast version

# Tutor profile: Teri Z.

Inactive
Teri Z.
Accounting Instructor - Clarke University; CPA; CGMA
Tutor Satisfaction Guarantee

## Questions

### Subject:Personal Finance

TutorMe
Question:

Last year, Susan Young purchased 150 shares of Hadley Corporation. During the last twelve months, Susan received dividends totaling \$2.00 per share. During the twelve month period, the company earned \$8.00 per share. a. For the twelve month period, what is the total amount of dividends that Susan Young received? b. If a share of Hadley Corporation is selling for \$50 per share, what is the dividend yield? c. What was the dividend payout during this twelve month period?

Inactive
Teri Z.

a. Total dividends = Dividends per share x number of shares \$300 = \$2.00 per share x 150 shares b. Dividend yield = Annual dividend amount / price per share .04 = \$2.00/\$50 4% c. Dividend payout = Annual dividend amount / Earnings per share .25 = \$2.00/\$8.00 25%

### Subject:Accounting

TutorMe
Question:

The Simon Company shipped merchandise to Bradford Corporation on December 27, 2019. Bradford Corp. received the shipment on January 2, 2020. December 31 is the fiscal year end for both companies. The merchandise was shipped f.o.b. shipping point. Explain the difference in accounting treatment of the merchandise if the shipment had instead been designated f.o.b. destination.

Inactive
Teri Z.

Inventory shipped f.o.b. shipping point is included in the inventory of the buyer when the merchandise is given to the delivery company. Bradford Corporation records the purchase in 2019 and includes the shipment in its ending inventory. Simon Company records the sale in 2019. Inventory shipped f.o.b. destination is included in the inventory of the seller until it reaches the buyer’s location. Simon Company would include the merchandise in its 2019 ending inventory and the sale/purchase would be recorded in 2020.

TutorMe
Question:

Briefly describe the five components of internal control outlined by the Committee of Sponsoring Organizations (COSO)?

Inactive
Teri Z.

1. Control Environment – The overall ethical tone of the company with respect to internal control. 2. Risk Assessment – Identification and analysis of internal and external risk factors that could prevent a company’s objectives from being achieved. 3. Control Activities – The policies and procedures that help ensure that management’s directives are being carried out. 4. Monitoring – Continuous observation of the internal control system. 5. Information and Communication – Systems designed to ensure accurate measurement of business transactions and reliability of financial reports.

## Contact tutor

Send a message explaining your
needs and Teri will reply soon.
Contact Teri

Start Lesson

## FAQs

What is a lesson?
A lesson is virtual lesson space on our platform where you and a tutor can communicate. You'll have the option to communicate using video/audio as well as text chat. You can also upload documents, edit papers in real time and use our cutting-edge virtual whiteboard.
How do I begin a lesson?
If the tutor is currently online, you can click the "Start Lesson" button above. If they are offline, you can always send them a message to schedule a lesson.
Who are TutorMe tutors?
Many of our tutors are current college students or recent graduates of top-tier universities like MIT, Harvard and USC. TutorMe has thousands of top-quality tutors available to work with you.
BEST IN CLASS SINCE 2015
TutorMe homepage