Answer:
Blake Company
Assets = Liabilities + Equity
- 395 -215
- 180
The expenses payable are decreased and so are liabilities. The cash is also decreased.
The petty cash payments report and all receipts are given to the company cashier in exchange for check to reimburse the fund. The petty cashier cashes the check and puts the cash in the petty cash book . the company records this reimbursement as follows.ase
Miscellaneous Expenses $ 215 Dr
Cash receipts $ 180 Dr
Cash $ 395 Cr
To reimburse petty cash.
If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
<h3>Assets</h3>
Using this formula
Assets=Equipment+Cash+Supplies+Accounts receivable
Where:
Equipment=$246000
Cash=$216000
Supplies=$33000
Accounts receivable=$92500
Let plug in the formula
Assets=$246,000 + $216,000 + $33,000 + $92,500
Assets =$587500
Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.
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Answer:
$696400
Explanation:
The values given are as follows:
Tax rate= 21%, 21/100= 0.21
Equity cost= 11.1%
Value of Unlevered Firm= $625,000
Rate at which Tantum can borrow=6.7%, 6.7/100=0.067
Amount of value if the company ends up borrowing=$340,000
Value of levered Firm =?
The formular for finding the value of levered Firm is:
Value of Unlevered Firm + Tax Rate * Debt
=$625,000 + 0.21 *$340,000
= $625,000 + $ 71,400
= $ 696,400
Thus, the value of levered firm is $696,400.