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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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Suppose that hypothetically there are only two countries in the world: Japan and South Korea Now suppose that at the end of year

Yanka [14]

Answer:

i) $21 billion

ii) $0

iii) $0

Explanation:

GIVEN DATA : ( two countries )

At the end of year 2

net exports = $20 billion for Japan

Interest earned from assets = $1 billion for Japan

i) The balances for the current account for Japan

export value + interest earned from assets

= $20 billion + $1 billion = $21 billion

ii) Financial account for Japan

Financial account for Japan will be zero because there is no increase or decrease in number of its assets within the given period

iii) capital account for Japan

Capital account of Japan will will have a zero balance. this is because Capital account is used to record foreign investments, local investment and the reserve account as well. and there was no investment captured within the given time that was made by Japan

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4 years ago

Gary’s Company produces high quality shirts. Shirts must be well made because of frequent washings. Currently, Gary sells 10,000

grin007 [14]

Answer:

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

Explanation:

Giving the following information:

Currently, Gary sells 10,000 shirts at $60 each with the capacity to produce 11,000 shirts. Gary is considering a special order for 1,800 shirts for $40.

Gary has the following costs:

Unit Costs $200,000

Facility Costs $140,000

If Gary accepts the special order, they will incur an additional $2 per shirt in foreign currency transaction costs.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

variable cost per unit= (200,000/10,000) + 2= $22

Effect on income= (40 - 22)*1,800= $32,400

We have to take into account the loss of not selling 1,000 units.

Effect on income= 1,000*40= $40,000

Total effect= 32,400 - 40,000= $7,600

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

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4 years ago

Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction

Snezhnost [94]

Answer:

A. $80

B. $795

C. $0

Explanation:

Only expenses that can be directly attributed to the business are deductible.

Personal expenses will not be deductible.

A. Here the only deductible amount is the legal fees of $80. The speeding will not be charged to the business because it was as a result of personal negligence. The legal fees affect the business because the speeding related to a business asset.

B. Only the amount paid to reserve a spot will be deductible because it relates to expenses for the business to make profit. The money she spent on her children is a personal expense.

C. There is no deductible here. These activities were of a personal nature and in no way related to the operations of the business of operating the food truck.

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3 years ago

Grandin Inc. is evaluating its dividend policy. It has a capital budget of $625,000, and it wants to maintain a target capital s

Anestetic [448]

Answer:

47.37%

Explanation:

The capital budget is $625,000 out of which 40% is equity and the rest 60% is debt. The company forecasts the net income for the year to be $475,000. Grandin Inc. follows residual dividend policy and pays out all the residual income to its shareholders as dividend.

The portion of equity in the capital budget is $625,000 * 40% = $250,000

The net income potion which will be attributable to equity shareholders is

$250,000 / $475,000 = 47.37%

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3 years ago

The trial balance for Lindor Corporation, a manufacturing company, for the year ended December 31, 2021, included the following

77julia77 [94]

Answer:

LINDOR CORPORATION

Statement of Comprehensive Income

For the Year Ended December 31, 2021

Particulars Amount

Sales revenue $2,700,000

Less: Cost of goods sold <u>-$1,590,000</u>

Gross margin $1,110,000

Less: <u>Operating expenses:</u>

Selling & administrative exp. <u>-$431,000</u>

Operating income (EBIT) $679,000

<u>Other income (expenses)</u>

Less: Interest expenses <u>-$59,000</u>

Income before income tax $620,000

Less: Income tax expenses <u>-$155,000</u>

Net income $465,000

Other comprehensive income (net of tax)

Gain on debt securities A $74,250

Comprehensive income B $539,250

Earnings per share A/B $0.24

Calculations of Gain on debt securities, net of tax:

Gain on debt securities before tax $99,000

Less: Tax ($99,000 * 25%) <u>-$24,750 </u>

Gain on debt securities net of tax $74,250

*Calculation of Earnings per share:

Earnings per share = Net income / Number of common shares outstanding = $465,000 / 1,900,000

= $0.24 per share

3 0

3 years ago