Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.
- Here, there are various stocks in Edward Company which were issued in the accounting year.
Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements
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<em>brainly.com/question/25306530</em>
The police power of the states can extend to interstate business.
Explanation:
The 10th amendment to the Constitution in the USA grants States "not reserved to the United States" privileges and responsibilities. This allows States authority to create and enact laws that protect the protection, defense and safety of the people.
The States are interpreted as bound by their terms, and as substantive denials of the right to interfere with the internal activity of the separate States, with the exception, in reality, of any other authority specifically granted or obtained as required and effective means of implementing it.
The Senate had held that any person engaging in interstate commerce liable to "all" employees, including those who has intrastate operations alone, in spite to negligence-related accidents, without clear dependence on the tenth amendment, in the workers ' liability cases. The court ruled that this act has not been unconstitutional.
Answer:
Contribution margin = $19.45
Explanation:
solution
we get here first total Variable cost that is express as
total Variable cost = Direct materials + Direct labor + Variable manufacturing overhead + Sales commissions + Variable administrative expense .....................1
put here value we get
total Variable cost = 5.6 +4.05 + 2.05 + 1.3 + 0.55
total Variable cost = $13.55
so now we get
Contribution margin that is
Contribution margin = Sales - total Variable cost ...................2
Contribution margin = 33 - 13.55
Contribution margin = $19.45
Answer:
Kingbird, Inc
Balance Sheet (Partial) as on December 31, 2020
Fixed Assets
Building $1,150,000
Accumulated Depreciation <u>($646,000)</u>
Net book value of Building $504,000
Goodwill $450,000
Coal mine $495,000
Accumulated Depletion <u>($109,000)</u>
Net Value of Coal mine <u>$386,000</u>
Total Fixed Assets <u>$1,340,000</u>
Explanation:
Fixed assets are all those asset which will be kept by the company more than one year. It is not converted to cash / Sold before one year time. If Company has the intention to sale the asset within one year then it will be classified as current asset.
All the assets are classified as the fixed assets. The depreciation and Depletion are contra asset accounts, these are adjusted against the relevant Assets and Net book value of that assets is reported on the balance sheet.
Answer:
a) Net present value of investment = $86,036
b) Since the Net present value is positive thus, Beyer should accept the investment
Explanation:
Data provided in the question:
Cost of the asset = $215,000
Rate of return = 12% = 0.12
Now,
Present Value of Net Cash Flows = Net cash flow × Present value factor
also,
Present value factor = (1 + rate)⁻ⁿ
here,
n is the year
thus,
Year 1 Net cash flows Present value factor Present value
1 77,000 0.89286 68,750
2 54,000 0.79719 43,048
3 82,000 0.71178 58,366
4 172,000 0.63552 109,309
5 38,000 0.56743 21,562
Total 423,000 301,036
a) Net present value of investment = Total present value - Amount invested
= 301,036 - 215,000
= $86,036
b) Since the Net present value is positive thus, Beyer should accept the investment