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2 years ago

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On June 30, 2015, Martin Co. has assets of $22,000 and owners' equity of $5,000. What is the total of its liabilities on that da

te?

1 answer:

klemol [59]2 years ago

8 0

Assets = Liabilities + Owner's Equity

$22,000 = ? + $5,000 Subtract the $5,000 from $22,000 and that gives you the liabilities.

($17,000)

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You are offered a chance to buy (cash outflow) an asset for $200,000 that is expected to produce cash inflows of $100,000 at the

madreJ [45]

Answer:

15.65%

Explanation:

The computation of the internal rate of return is shown below:

Given that

Years Cash outflow/ cash inflow

0 -$200,000

1 $100,000

2 $77,000

3 $52,000

4 $40,000

The formula is

= IRR()

AFter applying the above formula, the internal rate of return is 15.65%

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2 years ago

The term used to describe the degree to which tasks in an organization are subdivided into separate jobs is called ________.

mina [271]

B. departmentalization

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3 years ago

At September 1, 2018, Swifty Co. reported stockholders’ equity of $156000. During the month, Swifty generated revenues of $37400

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Answer:

$171,360

Explanation:

Given that,

At September 1, 2018, Swifty Co. reported stockholders’ equity = $156,000

Revenues = $37,400

Expenses = $20,000

Purchased equipment = $4,920

Paid dividends = $2,040

Net income:

= Revenues - Expenses

= $37,400 - $20,000

= $17,400

Stockholders’ equity at September 30, 2018:

= Beginning balance + Net income - Dividend paid

= $156,000 + $17,400 - $2,040

= $171,360

Therefore, the amount of stockholders’ equity at September 30, 2018 is $171,360.

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3 years ago

At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho

Pachacha [2.7K]

Answer:

$1.89 per machine hour

Explanation:

With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.

Standard maintenance cost = $ 13,680 - $450

= $13,230

Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;

= $13,230 / 7,000

= $1.89

Therefore, the cost was $1.89 per machine hour.

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2 years ago

Your company may buy a used pick-up for $20,000. During the truck's five year useful life, it is estimated the firm will save $5

777dan777 [17]

Answer:

Please see explanation

Explanation:

The before tax and after tax cash flow calculation can be made through below mentioned model:

0 1 2 3 4 5

Pick-up cost (20,000)

Saving to firm 5,000 5,000 5,000 5,000 5,000

Salvage value 3,000

Pre tax CF (20,000) 5,000 5,000 5,000 5,000 8,000

[email protected]% (1,750) (1,750) (1,750) (1,750) (2,800)

Tax saving on dep 1,190 1,190 1,190 1,190 1,190

((20,000-3000)/5*35%)

After tax CF ($20,000) $4,440 $4,440 $4,440 $4,440 $6,390

4 0

3 years ago