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4 years ago

Samuel needs to decrease his expenses. To which category should he make cuts first?

1 answer:

3 0

Samuel could cut
-Unnecessary using of items, like too much light or electricity or cut off water time
- Spend more time riding a bus than driving a car
-Try not to buy too many luxurious items like new shoes or fancy watches
-Try not to own too many appliances because of insurances or money
-Settle on a house than a mansion, Mansions mortgage are way more than a regulars house mortgage
Hopefully Samuel can decrease a lot of expenses by following these tips
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Which of the following statements about the FAFSA process are TRUE?

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3 years ago

The bookkeeper for Sunland Company asks you to prepare the following accrual adjusting entries at December 31. (If no entry is r

VikaD [51]

Answer:

Explanation:

The adjusting entries are shown below:

A. Interest expense A/c Dr $370

To Interest Payable $370

(Being accrued interest adjusted)

B. Accounts receivable A/c Dr $1,830

To Service revenue A/c $1,830

(Being unbilled amount recorded)

C. Salary expense A/c Dr $900

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4 years ago

Please show all work in excelGreat Lakes Shipping is an all-equity firm with anticipated earnings before interest and taxes of $

padilas [110]

Answer:

$2,163,171

Explanation:

We use the MM model with taxes to evaluate a firm with financial leverage

$V_l = V_u + t \times D\\$Where:\\V_l = $value of the levered firm\\Vu = value of unlevered firm\\D = debt of thee firm\\t = tax rate$

D x t = 1,250,000 x 0.36 = 450,000

<u />

<u>Now we calcualte the value of the firm without financial leverage:</u>

The unlevered firm will produce 439,000

It pays taxes for 36% and no interest expense so his net income will be

439,000 x ( 1 - 0.36) = 280,96‬0

then we calculate using the cost of equity the value of the firm usng the perpetuity formula:

280,960/.164 = 1,713,170.73 = 1,713,171

Now we add the debt tax shield to calculate the firm value with leverage

1,713,171 + 450,000 = 2,163,171

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3 years ago

When the productivity of the workers in a Firm increases what would happen to the demand for labour in that firm if the quantity

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Answer:

The demand for labour would decrease because it will be costly for the business keeping the workers.

Explanation:

If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.

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4 years ago

Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial

deff fn [24]

Answer:

$22,577.1

Explanation:

SANTANA INC.Balance Sheet (Partial)January 31, 2014

Current liabilitiesNotes payable $2,563.6

Accounts payable $4,263.9

Current portion of mortgage payable $1992.2

Warranty liability $1,417.3

Unearned rent revenue $1,058.1

Salaries and wages payable $858.1

Income taxes payable $265.2

Total current liabilities $12,418.4

Long-term liabilitiesMortgage payable$6,746.7

Bonds payable $1,961.2

Accrued pension liability$1,115.2

Notes payable $335.6

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Total liabilities $22,577.1

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3 years ago