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klemol [59]
3 years ago
13

Question 2 (multiple choice)

Business
1 answer:
Paha777 [63]3 years ago
4 0
A. $625.71
619+619×0.13/12
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Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand t
Lady bird [3.3K]

Answer:

'Retained income'.

Explanation:

We have been given that Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand their production line.

We know that the net income that remains after paying dividends is known as 'Retained income'.

We also know that retained income can be used to pay off debts or it can be invested into business activities.

Therefore, the profit that Crawford Fishing keep to reinvest in the business is recorded as retained income.

8 0
3 years ago
What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (a) $44;
gayaneshka [121]

Suppose that Intel currently is selling at $40 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%.

What is the percentage increase in the net worth of your brokerage account if the price of Intel immediately changes to (a) $44; (b) $40; (c) $36?

Answer:

Initial worth of brokerage account = 500 × $40 = $20,000

a). if the price changes to $44, then:

worth of brokerage account becomes = 500 × $44 = $22,000

∴ percentage increase = (22,000 - 20,000) / 20,000 = 10% increase.

b). if the price changes to $40, then:

worth of brokerage account becomes = 500 × $40 = $20,000

∴ percentage increase = (20,000 - 20,000) / 20,000 = 0 or no increase.

c). if the price changes to $36, then:

worth of brokerage account becomes = 500 × $36 = $18,000

∴ percentage increase = (18,000 - 20,000) / 20,000 = 10% decrease

7 0
2 years ago
The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?
gogolik [260]
It is carried out on every stage

Yw.
5 0
3 years ago
These items are taken from the financial statements of Coronado Industries at December 31, 2017. Buildings $105,800 Accounts rec
swat32

Answer:

Assets:                                         Liabilities:

<u>Current Assets       </u>                    <u> Current Liabilities</u>

Cash                            11,840          Accounts payable          9,500

Accounts receivable 12,600          Notes payable(current) 13,600

Prepaid insurance <u>     3,200  </u>        Interest payable              3,600

Total current assets:  27,640          Total Current Liab         26,700

<u>Fixed assets:</u>                               <u>Long-term Liabilities:</u>

Buildings (net)       60,200           Note Payable:                80,000

Equipment (net)     63,680             Total Liabilities            106,700

Land                     <u>   61,200   </u>      Equity:

total fixed assets: 185,080              Common stock         60,000

                                                         RE                              46,020

                                                       Total Equity                106,020

Total Assets: 212,720‬                  Total Liab + E              212,720

Explanation:

for RE we need to calculate the net income

income:

Service revenue           14,700

Insurance expense         ( 780 )

Depreciation expense ( 5,300 )

Interest expense          ( 2,600 )

Net income:                    6,020

<u />

<u>RE </u> 40,000 + 6,020 = 46,020

for note payable we split the current and long term portion

93,600 - 13,600 = 80,000 long term debt

te rest is self-explanatory

8 0
3 years ago
If a firm has a $1,500,000 debt limit before AT kd will change and if taxes are 40% and total equity in the capital structure is
andrew-mc [135]

Answer:

$2,500,000

Explanation:

Break Point = Level of debt / Weight of debt

(100%-40%)

=60%

Hence:

= 1,500,000 / 60%

= $2,500,000

Therefore the debt breakpoint in the MCC schedule will be $2,500,000

6 0
3 years ago
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