Answer:
$22,000
Explanation:
Current liabilities are debts that a company must pay within a twelve month period.
This company's current liabilities are:
- Accounts payable $15,000
- Interest payable $7,000
Total current liabilities = $15,000 + $7,000 = $22,000
Since the note payable is due in 18 months, it is not considered a current liability.
Answer: The answer is provided below
Explanation:
a. The reconstructed journal entry has been prepared and attached.
b. The following are the effects it has on the investing section or the financing section of the statement of cash flows.
The first transaction will lead to a cash inflow of $8,000 from the investing activities.
The second transaction is non-cash transaction therefore, it will not be reported in either the financing or the investing activities.
The third transaction will lead to a cash inflow of $2,000 from the financing activities.
The fourth transaction will lead to a cash outflow from the financing activities.
Thw diagram has been attached.
Answer:
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Explanation:
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Answer:
$50
Step by Step Explanation:
100 shares × $70 = $7,000
$7,000 × 0.5 = $3,500 (loan amount)
0.30 = (100P −$3,500)/100P
0.30×100P= 30P
30P = 100P −$3,500
30P- 100P= -70P
−70P = −$3,500
-3500/-70P = $50P
P = $50
The stock price level someone would get a margin call Assuming the stock pays no dividend is $50