Answer:
The correct answer is letter "C": Estimated loss from an ongoing lawsuit.
Explanation:
A contingent liability is an amount that will need to be charged in the future but there are still outstanding problems that only make it a possibility. Litigation and the threat of litigation are the most common contingent liabilities, but this category also includes product warranties. If they are probable and the sum can be calculated, contingent liabilities must be reported on the company's Balance Sheet.
It’s important to know your limits and your strengths.
The goal is to do your best in the job you have, so before making that important choice, it’s good to think about maybe your talents or hobbies that you have.
You could ask yourself questions such as:
Do I communicate well with people?
What am I best at?
Am I able to fulfill the tasks that are included in this career?
And I’m sure there are more questions, but it is a good thing to know yourself that way when you apply for a job, you know what you’re getting into.
I hope this helps!
~Brooke❤️
Answer:
a. Imports (M), b. Government Expenditure (G), c. Exports (X), d. Investment 'I'
Explanation:
a) 'Kevin buys a bottle of Italian wine' is a part of US Imports (M)
b) 'The state of Pennsylvania repaves highway PA 320' is a part of US Government Expenditure (G)
c) 'Maria's father in Sweden orders a bottle of Vermont maple syrup from the producer's website' is a part of US Exports (X)
d) 'Kevin's employer upgrades all of its computer systems using U.S.-made parts' is a part of US Investment 'I'
Answer:
$31,670
Explanation:
Given that,
Revenue earned on account during Year 2 = $111,000
Cash collected from its receivables accounts during Year 2 = $76,000
Uncollectibles:
= 3% of its sales on account
= 0.03 × $111,000
= $3,330
Net realizable value of Miller's receivables at the end of Year 1:
= Revenue earned on account - Cash collected from its receivables accounts - Uncollectibles
= $111,000 - $76,000 - $3,330
= $31,670
Answer:
(A) Cost of equity= 15.74%
(B) WACC = 12.86%
Explanation:
Palencia paint corporation has a 35% debt from it's target capital structure and 65% common equity
The before-tax cost debt is 10%
Marginal tax rate is 25%
Po is $22.00
Do is $2.25
Constant rate(g) is 5%
(A) The cost of common equity can be calculated as follows
= [Do(1+g)/Po] + g
=[2.25(1+0.05)/22] + 5%
= [2.25(1.05)/22] + 5%
= 2.3625/22 + 5%
= 0.1074+5%
= 0.1074×100+5%
= 10.74%+5%
Cost of equity = 15.74%
(B) The WACC can be calculated as follows
= weight of debt×after-tax cost of debt + weight of equity×cost of equity
= (35%)(10%)(1-25%) + (65%)(15.74%)
= (35%)(10%)(1-0.25) + (65%)(15.74%)
=(35%)(10%)(0.75) + (65%)(15.74%)
= 2.63% + 10.23%
= 12.86%
Hence the cost of equity is 15.74% and the WACC is 12.86%
