1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Musya8 [376]
4 years ago
9

Given the following data for the Corky Company:Current liabilities $ 400Long-term debt 480Common stock 600Retained earnings 520T

otal liabilities & stockholders' equity $2,000How would common stock appear on a common size balance sheet?
Business
1 answer:
Alja [10]4 years ago
8 0

Answer:

Common Stock 30%

Explanation:

a common size balance sheet means to express each value of the balance sheet as a percentage of total assets.

as total liabilities and stockholders' equity is 2,000

From the accounting equation

Assets = Liabilities + Equity

we get that total asset is also 2,000

now we express common stock based on total assets:

600 / 2000 x 100 = 30%

You might be interested in
U Do It Centers deposited $3,200 in an account two years ago and is depositing another $5,000 today. A final deposit of $3,500 w
GaryK [48]

Answer:

Total= $13,221.52

Explanation:

Giving the following information:

Deposited $3,200 in an account two years ago and is depositing another $5,000 today.

A final deposit of $3,500 will be made one year from now.

Interest expense= 4.85% compounded annually.

We need to calculate the final value of each deposit using the following formula:

FV= PV*(1+i)^n

First deposit= 3,200*(1.0485^5)= $4,055.01

Second deposit= 5,000*(1.0485^2)= $5,496.76

Third deposit= 3,500*(1.0485)= $3,669.75

Total= $13,221.52

4 0
3 years ago
Mariah Company has inventory at the end of the year with a historical cost of $ 74 comma 000. Mariah Company uses the perpetual
Ostrovityanka [42]

Answer: Debit: Cost of goods sold $1400

Credit: Inventory $1400

Explanation: The lower of cost or LCM rule indicates that a company needs to value it's inventory at the end of the year at whatever cost is lower, between the actual cost of the inventory or its market price currently. This is in accordance with US GAAP.

In Mariah Company the historical cost, which is the actual cost of the inventory and thus what it is valued at in the books, is $74000. Replacement cost, which is how much it would cost to replace an asset based on market rates, is only $72600. The replacement cost is thus lower. Since the inventory is still valued at historical cost in the books, it will have to been written down to the replacement cost value. To do this the difference between both costs will need to be deduced. Difference is thus: $74000 - $72600 =$1400.

When write down occurs, this is expensed to cost of goods sold. This is because there is a decrease in closing inventories. If there is a decrease in this figure then it will lead to a subsequent increase in cost of goods sold, leading to it being debited to show this increase (remember the formula to calculate cost of goods sold). Inventory is credited as the value of this inventory has decreased, and inventories decrease on the credit side.

7 0
3 years ago
The advantages of using an acquisition strategy to pursue opportunities in foreign markets include:
Savatey [412]

Answer:

The correct answer is letter "A": having a high level of control and speed as an entry strategy to overcome trade barriers.

Explanation:

An acquisition is, in general terms, the purchase of a corporation or a division of a firm. Some acquisitions are paid out in cash, while others are paid out with a combination of cash and company shares. Some are even financed by debt, which is called a leveraged buyout.  

<em>Acquisitions are often carried out by another company in a similar line of business, which uses the acquired business to improve its own operations, have complete control in the business operations, tear down entry barriers if the target company is aborad, and fasten operational processes.</em>

7 0
3 years ago
Which section of a marketing plan covers the recommended marketing strategy, objectives, messaging, and tactical approach for a
sergejj [24]

The section of a marketing plan that covers the recommended marketing strategy, objectives, messaging, and tactical approach for a marketing campaign in order to reach a target audience is IMC Strategy section.

<h3>What is marketing plan?</h3>

A marketing plan  can be described as the advertising strategy which is been used by the firm so that they can promote the brand of their business for more customer so that they can make better sales.

It should be noted that IMC Strategy section involves the objectives, messaging that is required in making the promotion work to be effective so they can make more products.

Learn more about marketing plan at:

brainly.com/question/9027729

#SPJ1

3 0
1 year ago
Suppose you place $10,000 in a retirement fund that earns a nominal interest rate of 8 percent. If you expect inflation to be 5
notka56 [123]

Answer:

b. 3 percent.

Explanation:

Real interest rate is nominal interest rate less expected inflation rate.

Real interest rate = nominal interest rate - expected inflation rate

8% - 5% = 3%

I hope my answer helps you

6 0
3 years ago
Other questions:
  • What are the various product line decision, and when do marketing managers make each of these decisions? What is the meaning of
    10·1 answer
  • A critical infrastructure partnership’s organizational structure: A. Must have a Joint Investment Justification. B. Must be regi
    6·1 answer
  • The percentage of decrease in the average price of the economy’s goods and services is known as the __________.
    8·1 answer
  • You own a house that you rent for $1,675 per month. The maintenance expenses on the house average $315 per month. The house cost
    14·2 answers
  • f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, S
    14·1 answer
  • Why would a bank be more likely to make a loan to someone with a FICO score of 750 rather than someone with a score of 500? a) T
    12·2 answers
  • 2. What is the difference between international marketing and global marketing
    7·1 answer
  • Staples promises an excellent online shopping experience, free delivery for purchases over $49.97, buy-online-collect in store,
    14·1 answer
  • What would be the best time for a person to buy a franchise?
    5·2 answers
  • Many executives own shares in the companies they manage and are also in high tax brackets. When faced with the choice between de
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!