What is the value of assets if: Liabilities = R50,000 and Capital = R10,000
Q: Balance Sheet includes one of the followings: Net Income Gross Profit Salaries Expense Common Stock
A: Financial statements comprises of income statement, Balance sheet and Statement of stockholders…
Q: Kendall, who earned $128,400 during 2021, is paid on a monthly basis, is married, (spouse does not…
A: Federal withhold Taxes The sum of federal income tax deducted from an employee's wages is known as…
Q: Lorna Ray, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower…
A: Future value: It implies to the value of particular series of cash flows in future at a specific…
Q: 3. Under full costing method, what would be the company's value of finished goods ending inventory,…
A: 1. Valuation of Inventory under full costing method: Full costing, or absorption costing, accounts…
Q: On January 1, 2025, First Secure Services issued $130,000 of 10% bonds that mature in ten years.…
A: Whenever a firm issues bonds to earn cash, bonds payable are usually recorded. The corporation seems…
Q: Job Costs, Ending Work in Process During March, Estes Company worked on three jobs. Data relating to…
A: Lets understand a basics. In Job costing, job cost gets calculated by adding direct material, direct…
Q: e Lightning has an MSRP of $2,500. The Their fixed costs are $2,000,000. You are ther you should…
A: MSRP is manufacture suggested retail price . It is the price suggested for product by the producer…
Q: Consider these transactions: (Credit account titles are automatically indented when amount is…
A: A journal entry is a record of a business transaction kept in an organization's accounting system.…
Q: Scotland Beauty Products manufactures face cream, body lotion, and liquid soap in a joint…
A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…
Q: Samberg Incorporated had the following transactions. October 1 – Sold $17,500 of merchandise on…
A: Notes receivable are defined as the instruments in which a written promise is made to disburse a…
Q: Eco Corporation had no short-term investments prior to this year. It had the following transactions…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: Pele, who lives in a common law state, would like to make his brothers and sister part owners of the…
A: The correct answer is: (B) As tenements in common. This would be the most appropriate way for Pele…
Q: Under the equity method, the investor
A: Investment shows the amount provided in a project or securities with the expectation of something in…
Q: Please list the two chapters of the bankruptcy law in which a Trustee is appointed. Then list at…
A: Bankruptcy is a situation in which company's assets fell short in compared to its liabilities. There…
Q: ending balance in the investing activities section of the company’s statement of cash flows:
A: Cash flow statement meaning the statement which shows cash inflow and cash outflow in an…
Q: Wheat Corporation pays $524,000 to acquire 44% (100,000 shares) of the common stock of Grain…
A: Journal entries are the primary reporting of the business transactions in the books of accounts. It…
Q: Explain the difference between calculating simple interest and calculating the interest for a…
A: When you take out a loan, the money you borrow is called the principal. The rate of interest is the…
Q: On January 1 of this year, Cunningham Corporation issued bonds with a face value of $211,000 and a…
A: A bond is a debt instrument recognizing the loan given to the company by the bondholders or the…
Q: On January 1, 2024, Byner Company purchased a used tractor. Byner paid $5,000 down and signed a…
A: Lets understand the basics. When any asset is purchased using the non interest bearning notes then…
Q: Findley Company and Lemon Company both use predetermined overhead rates to apply manufacturing…
A: At the beginning of the accounting period, a predefined overhead rate is computed by dividing the…
Q: Don Donay Inc. has identified an activity cost pool to which it has allocated estimated overhead of…
A: Overheads are those expenses which are incurred by the business entities so as to carrying out its…
Q: 19. % BAD Company issues 9%, 10-year bonds with a face amount of $1,000,000 on January 1, 20A for…
A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is…
Q: Elvira is a self-employed taxpayer who turns 42 years old at the end of the year (2021). In 2021,…
A: Tax liability is the amount of money in the form of tax debt you owe to tax authorities. It is the…
Q: Beacon Company is considering automating its production facility. The initial investment in…
A: Contribution margin takes into consideration the variable expenses only. While calculating operating…
Q: On December 1, 2020, Mark began an auto repair shop, Mark Automotive. The following information…
A: Adjusting entries are those journal entries which are passed at the end of accounting period for the…
Q: Jumping Jumpers Smocking, Inc., is a monthly depositor whose December federal taxes are displayed…
A: Journal entry is the procedure for initially documenting commercial transactions in the books of…
Q: On January 2, Dixie, Incorporated, pays a salvage company $1,000 to haul away a machine costing…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: Wygant Corporation borrowed $320,000 on October 1 last year. The note carried a 11% interest rate…
A: Note payable: Note payable is also called a promissory note. It is a legal instrument in which one…
Q: Selected information related to warranties provided by IBM follows (in millions of U.S. dollars):…
A: Journal entry is the primary step to record the transaction in the books of accounts. Warranty is…
Q: J4
A: James purchased a fundraising theater performance that came with a qualified charity. The fair value…
Q: ACG3073-WEEK 12-CHAPTER ASSIGNMENT ABC Company is preparing its master budget for the first quarter…
A: Lets understand the basics. Management prepare various type of budgets like sales budget, production…
Q: Dexter Construction Corporation is building a student condominium complex; it started construction…
A: The given question is asked to compute Dexter's capitalized interest on the student condominium…
Q: Selected data for October for Rio Vista Company is shown as follows. The variable overhead sales…
A: Number of units that were budgeted for October in Master Budget =15,300 Workings:- Particulars…
Q: The firm's inventory policy is to have ending inventory equal to 10% of next month's sales. Fill in…
A: 1. Beginning inventory of february = Ending inventory of january i.e. 10% of sales of january…
Q: In 2021, Maggy (34 years old) is an employee of YBU Corporated YBU provides a 401(k) plan for all…
A: Taxable income is the amount of income an entity makes every year upon which the government levies…
Q: Electro Company makes battery powered ebikes. They cost $1,600 to make which consists of $400 labor…
A: Warranty Liabilities A warranty liability is an instrument that a business uses to reflect the cost…
Q: What advantages do MNEs, as compared to domestic enterprises, have with regards to raising capital,…
A: There has been an increase in the number of multinational firms with the integration of world…
Q: Here is the following data extracted from the records of a company during the year 2019, as follows:…
A: COST STATEMENT RAW MATERIAL CONSUMED 325000 OPENING STOCK 350000 PURCHASES 125000…
Q: Compute the (1) net present value. (2) profitability index, and (3) internal rate of return for each…
A: Net Present Value or NPV is the difference between the present value of cash inflows and present…
Q: Calculate Dexter's capitalized interest on the student condominium complex for Year 1.
A: As per the relevant IFRS, Interest cost incurred on production or acquisition of the Qualifying…
Q: Forest Products, Incorporated, manufactures three products (FP-10, FP-20, and FP-40) from a single,…
A: a. Given the Joint Product costs = $242,000 Disposal cost of Product FP - 40 = $120,000 for every…
Q: On January 3, Carothers Corporation acquired $100,000 in new equipment in exchange for cash of…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Heads Up Company was started several years ago by two hockey instructors. The company’s comparative…
A: The cash flow from various activities during the period are classified as operating, investing and…
Q: If bonds with a face value of $570,000 are issued at 106, the amount of cash proceeds is $535,800…
A: Answer to Question:- $604,200 Workings:- Amount of Face Value of Bond =$570,000 Face value per bond…
Q: Reports can be directly exported from QBO to
A: Quickbooks: It is an accounting software for small business. Accounting software maintains a records…
Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…
A: Lets understand the basics. Management prepare budget in order to estimate future profit and loss…
Q: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…
A: Introduction: Spending variance is the difference between actual cost incurred and cost budgeted to…
Q: Common Stock Holdings-Blue Investments, Inc. Cash Equity Investments-Blue Investments, Inc. Cash…
A: There is need of record in the journal for each and every transactions made and there is double…
Q: IndustryCo, resident in Member State A has developed a patent and is thinking of transferring this…
A: A permanent establishment means establishing a business at a fixed place where the company earns…
Q: The maximum number of actual shareholders in an S corporation is: a. 75. b. 100. c.…
A: S corporation is a special type of closely held corporation which is established for the purpose of…
What is the value of assets if: Liabilities = R50,000 and Capital = R10,000
Step by step
Solved in 2 steps
- . If the liabilities are $4,000,000 and the owners’ equity is $1,200,000, what are theassets worth?If the value of liabilities is 30000 OMR and Assets are 100000 OMR. Which of the following is the amount of Owner Capital? Select one: O a. 100000 OMR b. 90000 OMR c. 10000 OMR O d. 70000 OMRPut this transaction on the accounting equation: Invested R500000 into capital as a fixed deposit
- If the OCF is $500; Net Capital Spending = $450; and Additions to NWC = $200; Find the Cash Flow from Assets.Consider the following cash flows: Year Cash Flow 0 −$ 33,500 1 13,500 2 18,200 3 10,900 What is the IRR of the cash flows?Current assets = 1000000 Current liabilities = 2000000 Find current ratio and net working capital?
- How do you calculate net investment in working capital, net cash flows, present value of net cash flows, and NPV? WACC is 10.10%Two capital assets display the following: E(RA) = 12% σA = 1.5% E(RB) = 15% σB = 1.0% If asset A´s return is 5% below the Capital Market Line (CML), and asset B´s return is 1% below the CML, what is the equation of the CML? a) E(Ri) = 0.1203 − 0.02σi b) E(Ri) = 0.09 + 2σi c) E(Ri) = 0.1227 + 0.02σi d) E(Ri) = 0.15 − 2σi e) E(Ri) = 0.14 + 2σiWhat are the equivalent present worth, annual worth, and future worth of the cash flow given in the accompanying figure? Assume i = 8% .
- If the cash is 135, marketable securities 120, bills payable 35, bills receivable 45, outstanding expenses 20, creditors 110, debtors 50, the contingency rate is 0.193, then what is net working capital required?ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0xFor the intrinsic value, why is the cashflow divided by (10%-6%)?
