Answer:
$ 9,387.50
Explanation:
An asset is any item that the owner considers valuable.
Shares , the cars and figurines are assets as Latoya can attach a value to them.
Total value of the shares = 50 x 35.75 = 1, 787.5
Value of the car = $5,600
Figurines = $ 2,000
Total value of assets = 1,787.50+ $5,600 + $2,000
=$ 9,387.50
Answer:
$35,780.-
Explanation:
The company´s cash flow equals the cash coming into the business minus the cash going out. Annualizing your cash flow converts it to an annual amount that you can compare to cash flows from previous years.
Answer:
104.50
Explanation:
11 × 5 = 55
11 × 1.5 (time and a half) = 49.50
55 + 49.50 = 104.50
have a good day :)
Answer: A. Total Assets are overstated as of May 31, 2020 and May 2020 Net Income is overstated
Explanation:
Capitalizing the costs of the maintenance means that the $14,000 was taken to the Machinery Account which is an asset when in fact it should have been taken to the Maintenance Expense account which is an expense. This will increase the Asset account for May by $14,000 when it should not have meaning that the Asset account is now Overstated.
Net Income is acquired by deducting expenses from Sales/Revenue. The $14,000 which should never have been recorded as an Asset but instead as an expense, will mean that this Expense will not be deducted from the Net Income because it is being recognized as an Asset. This will mean that the Net Income for May will be Overstated by $14,000 which was supposed to be removed from it.
Answer:
4 millions
Explanation:
First, we will check how much was amortizate for the first loan:
Principal 100 million
on 10 equal payment
amortization per year 100/10 = 10 millions
we refinance at the end of the fourth installment
10 x 4 = 40 millions
The principal at the end of year four:
Principal 100 millions - 40 millions = 60 millions
This amount will be paid on 15 years with 15 equal payment
60 million / 15 years = 4 millions
