Answer:
Total stockholders equity = $118,000
Explanation:
Novak Corp.
Balance sheet (stockholders' equity section)
As a December 31 20YY
Stockholders' equity
Common stock ($12 per, 5,500 share issued) = $66,000
Paid-in Capital in Excess of Par Value - Common stock = $19,000
Less: Treasury Stock (500 shares) = ($11,000)
Shares outstanding (5000 shares) = $74,000
Retained Earnings = $44,000
Total stockholders equity = $118,000
Answer:please see below for answes
Explanation:
1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.
2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.
3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated
4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .
5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.
----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.
Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.
Answer:
The value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places
Explanation:
We first need to calculate the required rate of return for this firm that will be used as the discount rate in the valuation of the firm using the discounted cash flow methods.
Using the CAPM we can calculate the required rate of return as,
r = rRF + Beta * (rM - rRF)
Where,
- rRF is the risk free rate
- rM is the return on Market
So,
r = 0.04 + 0.4 * (0.11 - 0.04)
r = 0.068 or 6.8%
As the cash flows the firm can generate are expected to remain constant through out and they are generated after equal interval of time, this can be treated as a perpetuity.
The present value of a perpetuity is calculated as follows,
Present Value of perpetuity = Cash Flow / r
Present value of perpetuity = 10000 / 0.068
Present value of perpetuity = $147058.8235
So, the value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places
Answer:
Will get 57.000 QBI
Explanation:
Net income = $300.000
QBI deduction = $285.000
w-2 wages = $120.000
assets (unadjusted basis) = $75.000
Their maximum possible pass through deduction is 20% of $285.000 = 57.000
As the income is not over $415.000 peter samuels do not qualify for the deduction of w-2 wages.
Will get 57.000 QBI
The correct answer that corresponds to the given question is
letter b, when children tend to enter the same or the similar occupation as
their parents. It is because mercantilism is being defined as a belief in which
there is benefits to be obtained when undergoing a profitable trading.
