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eduard
3 years ago
9

Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2013. On that date t

he firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $172,500, net fixed assets of $322,300, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,300, and common stock of $150,000. How much retained earnings did the firm have?
Business
1 answer:
OLga [1]3 years ago
5 0

Answer:

<em>Retained Earnings = 109,909</em>

Explanation:

\left[\begin{array}{cccc}cash&25,135&AP&67,855\\AR&43,758&NP&36,454\\inventory&172,500&Long-term&222,300\\fixed \:assets&332,300&Common\: Stock&150,000\\other \: assets&13,125&RE&110,209\\Total Assets&586,818&Total L+E&586,818\\\end{array}\right]

<u>First </u>

We add all the assets together. 586,818

<u>Then</u>

we add the lliabilities and common stock. 476,909

<u>Finally</u>

We use the accounting equation to solve for RE

Assets = Liab + Equity

586,818 = sum of liab and equity accounts

we know that all the accounts, except RE add to 476,909

586,818 = 476,909 + RE

586,818 - 476,909 = RE

RE = 109,909

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You have been managing a $3 million portfolio. The portfolio has a beta of 1.10 and a required rate of return of 10%. The curren
riadik2000 [5.3K]

Answer:

The Required rate of return on Portfolio is 9.67%

Explanation:

In order to get the answer first we need to calculate the new beta of portfolio.  The weight of portfolio and new stock is calculated using total value of investment in portfolio and multiplying by the total investment we get new beta.  

(3M / 3.6M) x 1.10 + (0.6M / 3.6M) x 0.60 = 1.01667

Through using the CAPM Model we get risk premium of Existing Portfolio:

Required rate of return of portfolio = RF + ( Rm - RF ) x beta

10% = 5.6% + (Rm -RF) x 1.10

10% - 5.6% = (Rm - RF) x 1.10

4.4% / 1.10 = (Rm - RF)

(Rm - RF) = 4%

After getting the Risk Premium we can CAPM model equation to get New Required rate of return.

Required rate of return of portfolio = RF + ( Rm - RF ) x beta

Required rate of return of portfolio = 5.6% + 4% x 1.01667

Required Rate of Return of Portfolio = 9.67%

8 0
3 years ago
James Frank has been put in charge of gathering marketing intelligence, disseminating it within his organization, and eventually
padilas [110]

Answer:

option A

Explanation:

correct answer is option A

Gathering market information and spreading the information in the firm and eventually using the information into action is best described as market sensing.

Market sensing is one of the biggest tool for any company to succeed in future because if company know the future demand he can act according to it.

8 0
3 years ago
Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma
Dmitry_Shevchenko [17]

The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.  

<h3 /><h3>What is Authority?</h3>

Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.

The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the  department. Thus this concept of analyzing the teamwork is known as authority differentiation.

The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.

Learn more about teamwork here:

brainly.com/question/18869410

#SPJ1

5 0
1 year ago
Wildhorse Co. wrote checks totaling $41500 during October and $45321 during November. $39460 of these checks cleared the bank in
Natalka [10]

Answer: $3,086

Explanation:

Wrote checks totaling $41,500 in

October less $39,460 of these checks cleared in October

Wrote checks totaling $45,321 in November less $44,275 cleared the bank in November

Balance of uncleared checks

In October is $41,500 - $39,460 = $2,040

In November is $45,321 - $44,275 = $1,046

Total outstanding checks on 30 Nov is $2,040+$1,046 = $3,086

8 0
3 years ago
Where can a Master Admin Accountant User view the apps connected to a client’s QuickBooks Online account from within QuickBooks
sashaice [31]

Answer:

The answer is below

Explanation:

A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.

In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.

Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:

1. Go to Settings

2. Select Manage Users.

3. Select Accounting firms.

4. Under the Company section, Select View Apps.

4 0
3 years ago
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