Can someone help me to fix this BAFS question?

The accounting records of Compass Point Wireless include the following as of December 31, 2016:

uysha [10]

Answer:

1, Compass Point Wireless

Balance sheet (partial)

Current Liabilities: $

Accounts Payable 71,000

Interest Payable 17,000

Salaries Payable 10,500

Unearned Revenue 2,400

Current Portion of Bonds payable 24,000

Total current Liabilities $ 124,900

Long term Liabilities $

Mortgage Payable 80,000

Bonds Payable 64,000

Premium on Bonds Payable 10,000

Total long term liabilities $154,000

Total liabilities = Total current Liabilities + Total long term liabilities

= $ 124,900 + $154,000

= 278900

2. Debt Stockholders' equity Debt to equity ratio

278,900 160,000 1.74

Note: Debt to equity ratio = Debt / Stockholders' equity

6 0

3 years ago

If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?

Ghella [55]

What are the answer choices

3 0

3 years ago

Read 2 more answers

. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will borr

Sergio039 [100]

Answer:

6.04%

Explanation:

The weighted average cost of capital (WACC) can be described as the average rate that is expected that a business will pay to finance its assets to all holders of its security.

The weighted average cost of capital (WACC) can be estimated as the summation of the products of the weight of each loan in the total loan and their interest rate for this question as follows:

Total loan amount = $1,823 + $1,533 + $644 = 4,000

Weight of loan from Wendy = $1,823 / $4,000 = 0.46, or 46%

Weight of loan from Bebe = $1,533 / $4,000 = 0.38, or 38%

Weight of loan from Shelly = $644 / $4,000 = 0.16, or 16%

Weighted average cost of capital = (46% * 4%) + (38% * 6%) + (16% * 12%) = 6.04%.

Therefore, the weighted average cost of capital for Eric is 6.04%.

7 0

2 years ago

" Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has ca

Gre4nikov [31]

Answer:

A) Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. Money is exchanged for a promissory note.

B) Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. REAL ASSET CREATED: when the software was developed, a real asset was created. Money was invested in developing the software.

C) Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,500 shares of Microsoft stock. FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. A real asset was traded in exchange for financial assets.

D) Lanni sells the shares of stock for $80 per share and uses part of the proceeds to pay off the bank loan." FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. When the money is paid back to the bank, the loan and the promissory note cease to exist.

5 0

2 years ago

Sweet Treats sells ice cream cones for $4.25 per customer. Variable costs are $1.25 per cone. Fixed costs are $3,300 per mont

ziro4ka [17]

Answer:

Company's contribution margin ratio is <u>70.59%</u>

3 0

3 years ago