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3 years ago

What item should you look for when adjusting your check register?

Business

2 answers:

Furkat [3]3 years ago

8 0

Answer:

Check Printing Charges is the correct answer.

Explanation:

pickupchik [31]3 years ago

5 0

One of the item that you could look is the outstanding check
Outstanding check refers to the check that you've already given to someone as a payment, but that person still has not turned it into cash so basically it shouldn't be deduced from your book.
When adjusting your register, you should eliminate this amount so your company do not miscalculate the amount of cash they actually owned.

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Commonwealth Construction (CC) needs $1 million of assets to get started, and it expects to have a basic earning power ratio of

xeze [42]

100%Equity
---------------------------- 
EBIT: $200,000 
Interest: $0 
Taxes: ($80,000) 
EAT: $120,000 
Equity: $1,000,000 
ROE12.0% 

50% Debt 
-------------- 
EBIT: $200,000 
Interest: ($40,000) 
Taxes: ($64,000) 
EAT: $96,000 
Equity: $500,000 
ROE: 19.2% 

This is my thought and is contingent on interest expense being tax deductible to the corporation. 

Under the equity scenario. Taxes are $80,000 or 40% of $200,000 which is 20% of the $1mm asset base. So the $120,000 earnings after tax divided by the $1mm base is 12% 

With 50% leverage, you deduct $40,000 (8% of $500,000 financing) and taxes on remaining amount. The new equity base is smaller at $500,000 so the ROE is higher at 19.2%.

4 0

4 years ago

Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 405,000 Beginning m

skelet666 [1.2K]

Missing information:

Fixed administrative expense $ 16,200 Variable selling expense $ 20,250 Variable administrative expense $ ? Contribution margin $ 81,000 Net operating income $ 24,300

1. Prepare a contribution format income statement.

2. Prepare a traditional format income statement.

3. Calculate the selling price per unit.

4. Calculate the variable cost per unit.

5. Calculate the contribution margin per unit.

Answer:

First we must determine cost of goods sold = $27,000 + $270,000 - $13,500 = $283,500

now we must find total variable costs = total sales - contribution margin = $405,00 - $81,000 = $324,000

variable administrative expenses = total variable costs - COGS - variable selling expense = $324,000 - $283,500 - $20,250 = $20,250

1. Prepare a contribution format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross contribution margin $121,500

Variable selling expense $20,250

Variable adm. expense $20,250

Contribution margin $81,000

Fixed period expenses:

Fixed selling expense $40,500
Fixed administrative expense $16,200

Net operating income $24,300

2. Prepare a traditional format income statement.

Total sales $405,000

Cost of goods sold $283,500

Gross profit $121,500

Operating expenses:

Selling expenses $60,750

Adm. expenses $36,450

Net operating income $24,300

3. Calculate the selling price per unit.

$405

4. Calculate the variable cost per unit.

$324

5. Calculate the contribution margin per unit.

5 0

4 years ago

In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo

adell [148]

Answer:

Dr Cash $3,268,000.00

Dr Compensation expense $532,000.00

Cr Common stock equity($1*95,000) $95,000

Cr paid-in capital in excess of par($40-$1)*95,000 $3,705,000

Explanation:

The cash received from employees as a result of the options is computed thus:

cash proceeds from options=$40*(1-14%)*95,000

=$40*(1-0.14)*95,000

=$40*0.86*95,000

=$3,268,000.00

The 14% discount on share price is to be treated as compensation expense as shown thus:

discount (compensation expense)=14%*$40*95,000

=$532,000.00

The appropriate entries would to debit cash with $3,268,000.00 as the increase in cash flows and debit of $532,000 to compensation expense.

The credit would be shown in common stock equity and paid-in capital in excess of par

6 0

4 years ago

A horizontal merger Group of answer choices is a merger between firms in the same industry. results in a trust (for example, the

Greeley [361]

Answer:

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8 0

3 years ago

Use the information about Company X below to help answer this question:

Harman [31]

Answer:

b. $12.67

Explanation:

The value of the company is the present value of its future dividends payments discounted at the company's cost of equity.

Year 1 dividend=current year dividend*(1+12%)

Year 1 dividend=$60m*(1+12%)=$67.20m

Year 2 dividend=$67.20m*(1+12%)=$75.26m

Year 3 dividend=$75.26m*(1+12%)=$ 84.30m

Year 4 dividend=$ 84.30m*(1+12%)=$ 94.41m

Year 5 dividend=$ 94.41m*(1+12%)=$105.74m

the terminal value of dividends=Year 5 dividend*(1+terminal growth rate)/(cost of equity)

the terminal value of dividends=$105.74m*(1+8%)/(16%-8%)=$1427.49m

value of the company=$67.20/(1+16%)^1+$75.26/(1+16%)^2+$ 84.30/(1+12%)^3+$ 94.41/(1+16%)^4+$105.74/(1+16%)^5+$1427.49/(1+16%)^5

value of the company=$956.00 m

value of one share=$956.00 m/75m=$12.75(the correct option is $12.67 the difference is due to rounding error)

5 0

3 years ago