Answer:
3.02%
Explanation:
The computation of the weightage of debt is shown below:
= Debt value ÷ total firm value
where,
Debt value would be
= 10,000 × $1,000 × 0.97
= $9.7 million
We assume the par value is $1,000
Equity value
= 10 million shares × $28
= $280 million
And, the preferred shares would be
= 2 million shares × $15.50
= $31 million
So, the total firm value would be
= $9.7 million + $280 million + $31 million
= $320.70 million
Now the weightage would be
= $9.7 million ÷ $320.70 million
= 3.02%
Answer:
Juen 30 2018 Cash $60000 Dr
Accumulated Depreciation $216000 Dr
Loss on Disposal-Plant Equipment $24000 Dr
Plant Equipment $300000 Cr
Explanation:
The sale of an asset requires a firm to write off that asset from the books at cost. The writing off would require the credit to the asset account at cost along with a debit to the accumulated depreciation account that is created against this asset.
We also calculate the gain or loss on disposal of asset. An asset has a gain on disposal if the cash received from its sale is more than its carrying value and vice versa.
Carrying Value = Cost - Accumulated Depreciation
Carrying value = 300000 - 216000 = $84000
The asset loss on disposal = 60000 - 84000 = 24000 loss
We debit the loss on disposal and cash received from sale to complete the journal entry
Answer:
$8280000
Explanation:
From the given information;
The percentage of the completion method used in construction is equal to the contract price multiplied by the percentage of estimated total cost incurred to date i.e.
Cumulative cost to date $7560000
Estimated total cost <u> $21000000 </u>
Percentage of completion <u> 36% </u> ( $7560000/ $21000000 )
The contract price for this project is $23000000
Therefore,
At December 31, 2021 Ivanhole would report construction in process in the amount of: $23000000 × 36%
= $8280000
7%, hope this helps!
•••
Caramelatte
Answer:
$88.88 or $89 (Approx)
Explanation:
Each point is equal to the 1 percent so, 2 points is equal to the 2%.
Amount of points paid = Borrowed amount × Points percentage
= $400,000 × 2%
= $8,000
Total number of months = Year × Months in a year
= 30 × 12
= 360
Number of months in the deduction year = September to December
= 4
Amount of deduction:
= (Amount of points paid ÷ Total number of months) × Number of months in the deduction year
= ($8,000 ÷ 360) × 4
= $32,000 ÷ 360
= $88.88 or $89 (Approx)