In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.
From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
Networth = $49.531
The the equation above, we may derive the equation for liability by transposing,
Li = Asset - Networth
Li = ($166.859 M) - ($49.531 M)
Li = $117.328
Hence, the total liability is equal to $117.328.
Answer:
supplies expense 47,300 DEBIT
supplies 47,300 CREDIT
Explanation:
8,900 + 53,300 = 14,900 + supplies expense
8,900 + 53,300 - 14,900 = supplies expense
supplies expense = 47,300
Beginning and Purchase will be the supplies available during the period.
this supplies can be used or stored.
if the stored are 14,900 then the diference was used.
Answer:
the transfer disclosure statement is limited to information that the seller has, while the natural hazards disclosure requires additional research
Explanation:
Both of these statements are prepared by the seller. The transfer disclosure statement has requirement for just declaration of obvious latent defects. It is limited to information that the seller has, while the natural hazards disclosure statement requires divulging if the property is in a zone known to be risky based on government maps. Therefore it requires additional research.
Answer and Explanation:
The computation is shown below;
(a)-Caterpillar’s book debt-to-value ratio
Caterpillar’s book debt-to-value ratio is
= Debt ÷ [Debt + Book Value of Equity]
= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $23.00 per share)]
= $24.80 Billion ÷ [$24.80 Billion + $13.69 Billion]
= $24.80 Billion ÷ $38.49 Billion
= 0.64
(b)- Caterpillar’s market debt-to-value ratio
Caterpillar’s book Market debt-to-value ratio is
= Debt ÷ [Debt + Market Value of Equity]
= $24.80 Billion ÷ [$24.80 Billion + (0.595 Billion Shares × $154.80 per share)]
= $24.80 Billion ÷ [$24.80 Billion + $92.11 Billion]
= $24.80 Billion ÷ $116.91 Billion
= 0.21
(c)-Best measure to determine the company’s cost of capital is the market value