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lana [24]
4 years ago
13

Based on the financial information and henry’s Preferred lifestyle what do you recommend for Henry - should he rent the apartmen

t or buy the house? Explain your answer.

Business
1 answer:
VMariaS [17]4 years ago
7 0

His lifestyle was described in the second paragraph. Based on that he should do rent for reasons like saving up for a new car for his job because renting costs less. Or the fact that he doesn't have to worry about finding animal friendly apartment buildings. Also this job will only last three years, so there's a large chance he'd have to move to a new place for community in the mountains.

He should rent.

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According to Modigliani and Miller (MM), in a world with corporate income taxes, the optimal capital structure calls for approxi
Strike441 [17]

Answer:

True

Explanation:

The Modigliani Miller approach basically aims at the valuation of company, in which with each component of debt present with corporate taxes involved, the cost of business is reduced and that the value is increased.

As according to that when the taxes are present, the the debt component will only increase the return and value of the business.

Thus, it provides for increasing worth of business through debt utilization.

4 0
4 years ago
In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were
bekas [8.4K]

Answer:

Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

Utilities $800 Unfavorable

Supervision $0 Neither Favorable Non Unfavorable

Total $700 Unfavorable

Explanation:

Preparation of a responsibility report for April for the cost center.

HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020

Controllable cost Budget Actual

Indirect materials $15,700- $14,800 =$900 Favorable

Indirect labor 21,300- 22,100 =$800 Unfavorable

Utilities 11,100- 11,900=$800 Unfavorable

Supervision 5,100- 5,100= $0 Neither Favorable Non Unfavorable

Total $53,200-$53,900=$700 Unfavorable

Therefore The responsibility report for April for the cost center will be :

Indirect materials $900 Favorable

Indirect labor $800 Unfavorable

Utilities $800 Unfavorable

Supervision Neither Favorable Non Unfavorable

Total $700 Unfavorable

7 0
3 years ago
On January 1, 2017, Columbia Corp. changed its inventory method to FIFO from LIFO for both financial reporting purposes. The cha
Phoenix [80]

Answer:

b) income statement as a $2,320,000 cumulative effect of accounting change

Explanation:

Base on the scenario been described in the question, The change in inventory steps to FIFO from LIFO which made an increase in Inventory should be recorded in the retained earnings statement as a $2,320,000 addition to the beginning balance. Option b is the answer

5 0
3 years ago
Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities
velikii [3]

Answer:

$106,500

Explanation:

The computation of the total stockholder equity is shown below:

Total assets = Total liabilities + stockholder equity

where,

Total assets = Current assets + fixed assets

                    = $741,000 + $592,000

                    = $1,333,000

And, the total liabilities is

=  Current liabilities + long term debt

= $533,500 + $693,000

= $1,226,500

So, the total stockholder equity is

= $1,333,000 - $1,226,500

= $106,500

7 0
3 years ago
Please help I'll give brainliest
zimovet [89]
In case of legal issues
3 0
3 years ago
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