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Answer:
Multiple-step income statement for the year ending December 31, year 1
Sales $275,200
Cost of Goods Sold <u>($185,000)</u>
Gross Profit $90,200
Operating Expenses:
Administrative Expense ($35,000)
Selling expenses <u>($55,000)</u>
General Expense <u>($45,000)</u>
Operating Income ($44,800)
Non-Operating Revenue <u>$105,000</u>
Operating Income before tax $60,200
Income taxes <u>($25,000)</u>
Operating Income after Tax <u>$35,200</u>
Explanation:
Multi-step Income statement segregate the Operating Income and Expenses from non operating Income and Expense. It shows the gross profit and net operating income separately.
Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)
The stage in a work-unit activity analysis that focuses on the product, information, or service provided is the output phase, This is further explained below.
<h3>What is the output phase?</h3>
Generally, the output phase is simply defined as manufacturing or output in general.
In conclusion, The final deliverable is defined. The method of measuring the output is investigated.
Read more about the output phase,
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A firm has a debt-equity ratio of 1, a cost of equity of 16 percent, and a cost of debt of 8 percent. if there are no taxes or other imperfections, what is its unlevered cost of equity? 8%.
<h3>What do you mean debt/equity ratio?</h3>
- The debt-equity ratio serves as a gauge for how equally creditors and owners or shareholders contributed to the capital used by the company. The debt-equity ratio is the simple ratio of the company's long-term debt and equity capital.
- The debt-to-equity (D/E) ratio, which measures a company's financial leverage, is determined by dividing all of its obligations by its shareholders' value.
- Your "debt ratio" is determined by dividing your income by all of your debts. The banks are interested in this. A debt-to-income ratio of around 30% is ideal. 40% and above is crucial. You might not get a loan from a lender.
- The debt-to-equity (D/E) ratio displays the level of debt held by a corporation. Lenders and investors view a high D/E ratio as dangerous since it implies that the company is funding a sizable portion of its prospective growth through borrowing.
What is its unlevered cost of equity?
Levered cost of equity = 16%
Since Debit Equity ratio is 1, Weight of Equity as well as Weight of Debt will be .50 (i.e. Debt 50% and Equity 50%)
Unlevered Cost of Equity = 16% *(0.5÷ 0.5+0.5)
= 16% * (0.5 ÷ 1)
=8%
A firm has a debt-equity ratio of 1, a cost of equity of 16 percent, and a cost of debt of 8 percent. if there are no taxes or other imperfections, what is its unlevered cost of equity? 8%.
To learn more about debt-equity ratio, refer to:
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