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olga55 [171]
2 years ago
12

The following transactions occurred during a recent year:

Business
1 answer:
Natasha_Volkova [10]2 years ago
6 0

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

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On January 1, 2018, Gless Textiles issued $19 million of 8%, 10-year convertible bonds at 101. The bonds pay interest on June 30
Leni [432]
Prepare the journal entries for the issuance of the bonds by Gless and the purchase of the bond investment by Century.
6 0
2 years ago
Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $1
Dimas [21]

Answer:

Total indirect product costs                        $30,750

Explanation:

The indirect product costs refer to all the costs that are associated with the manufacturing overheads and can be calculated as follows:

Electricity used in the Factory                   $25,000

Factory foreperson salary                          $3,750

Maintenance of factory machinery            $2,000

Total indirect product costs                        $30,750

7 0
3 years ago
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8 0
2 years ago
Read 2 more answers
Fawn works for a web publishing company, and daily, she is charged with solvingchallenging software algorithms and ensuring that
Anarel [89]

Answer: b. Fawn would call her clients and communicate about what their needs are and how she might be able to help them.

Explanation: For Fawn to be seen as competent, she would have to be able to know how to communicate to her clients about what their needs are and make them understand that she could help them.

Afterwards, she begins to decipher ways to carry it out.

7 0
3 years ago
Mullineaux Corporation has a target capital structure of 70 percent common stock, 15 percent preferred stock, and 15 percent deb
Jet001 [13]

Answer:

a.

The WACC is 9.4875%

b.

The after tax cost of debt is 3.25%

Explanation:

The WACC or Weighted average cost of capital is the cost to a firm of its capital structure based on the weighted average of costs of all the components that form up its capital structure. The components in a firm's capital structure are debt, preferred stock and common stock.

WACC = wD * rD * (1-tax rate)  +  wP * rP  +  wE * rE

Where,

  • w represents the weight of each component in the overall capital structure
  • r represents the cost of each component
  • we multiply the cost of debt by (1 - tax rate) to take the after tax cost of debt

a.

WACC = 0.15 * 0.05 * (1-0.35)  +  0.15 * 0.04  +  0.7 * 0.12

WACC = 0.094875 or 9.4875%

b.

The after tax cost of debt is calculated by multiplying the cost of debt or rD by (1 - tax rate).

After tax cost of debt = 0.05 * (1 - 0.35)    =  0.0325 or 3.25%

5 0
3 years ago
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