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4 years ago

5

The liabilities of lantz company are $91,200 and the stockholders' equity is $238,000. what is the amount of lantz company's tot

al assets?

1 answer:

MissTica4 years ago

6 0

91,200 + 238,000 = 329,200

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Select the sentence that is completely correct. Group of answer choices Todd is unsure of whether he should except the position

goldenfox [79]

Answer:

The completely correct sentence is:

Todd is unsure of whether he should accept the position or go in to business himself.

Explanation:

The adjective unsure goes with the preposition, 'of' to indicate what the subject is not certain of. Option 1 with 'except' is completely wrong. It is not the correct verb form of the word. Some people, however, omit the preposition, 'of,' but this is not completely correct.

6 0

3 years ago

A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual

Akimi4 [234]

Answer:

b. 15%

Explanation:

IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-1,400,000

Cash flow each year for 3 years = $613,228

IRR = 15%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

5 0

4 years ago

The consumer price index (CPI) can be used to measure inflation. There are potential problems with this process though that can

DIA [1.3K]

Answer:

a. Overstates Inflation.

In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.

b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

c. Overstates Inflation

In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

6 0

3 years ago

Kate invests $500 at the beginning of each year for 12 years into a fund earning an effective annual interest rate of 5%. Intere

natali 33 [55]

Answer:

$7,888.55

Explanation:

we can prepare Katie's expected balance on her accounts:

end of year 1 = $500 x (1 + 5%) = $525

end of year 2 = $525 + [$525 x (1 + 4%)] = $1,071

end of year 3 = $525 + [$1,071 x (1 + 4%)] = $1,638.84

end of year 4 = $525 + [$1,638.84 x (1 + 4%)] = $2,229.39

end of year 5 = $525 + [$2,229.39 x (1 + 4%)] = $2,843.57

end of year 6 = $525 + [$2,843.57 x (1 + 4%)] = $3,482.31

end of year 7 = $525 + [$3,482.31 x (1 + 4%)] = $4,146.60

end of year 8 = $525 + [$4,146.60 x (1 + 4%)] = $4,837.47

end of year 9 = $525 + [$4,837.47 x (1 + 4%)] = $5,555.97

end of year 10 = $525 + [$5,555.97 x (1 + 4%)] = $6,303.21

end of year 11 = $525 + [$6,303.21 x (1 + 4%)] = $7,080.33

end of year 12 = $525 + [$7,080.33 x (1 + 4%)] = $7,888.55

8 0

4 years ago

ABC, Inc. discounts a 5%, 9-month, $1,000 note with a financial institution after holding the note for 3 months. The note was re

Gnoma [55]

Answer:

interest receivable 12.50 debit

interest revenue 12.50 credit

--adjusting entry for the interest accrued--

interest expense 11.31 debit

cash 1,001.19 debit

note receivable 1,000.00 credit

interest receivable 12.50 credit

--to record early discount of the note--

Explanation:

We are going to write-off the note and check for the interest expense:

book value of the note:

principal + interest accrued

principal x rate x time = interest

1,000 x 0.05 x 3 months/12 month a year = 12.50

we had interest receivable for 12.50

1,000 + 12.5 = 1,012.5 we receive 1,001.19

interest expense: 11.31

We are following this process to avoid compensate balance as is the company earned interest during those three months and then it pay interest to get cash earlier.

8 0

3 years ago