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wel
3 years ago
15

William Brown, the CFO of Oriole Automotive, Inc., is putting together this year's financial statements. He has gathered the fol

lowing balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,300, retained earnings of $512,159, inventory of $213,100, goodwill and other assets equal to $78,656, net plant and equipment of $710,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Oriole Automotive have?
Business
1 answer:
kicyunya [14]3 years ago
6 0

Answer:

$169,521

Explanation:

The computation of long-term debt is shown below:-

Total asset = Cash + Inventory + Goodwill + Net plant and equipment + Receivables + Current assets

= $23,015 + $213,100 + $78,656 + $710,100 + $141,258 + $11,223

= $1,177,352

Long-term debt = Total asset - Account payable - Common stock - Retained earnings - Short term notes

= $1,177,352 - $163,257 - $311,300 - $512,159 - $21,115

= $169,521

Hence, we have applied the above formula for determining the long term debt.

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Answer:

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MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

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3 years ago
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Answer: D.) not requested by the audience

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3 years ago
Storm Concert Promotions Valle Home Builders Actual indirect materials costs$12,400 $7,000 Actual indirect labor costs 55,900 46
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Answer and Explanation:

Storm Concert Promotions

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Valle Home Builders

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3 years ago
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Answer:

collateralized debt obligation

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Implied is another type of contract.

I hope this help
7 0
3 years ago
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