Answer: The total Asset is $531,225, The total owners Equity is $1,494,000
Explanation:
A balance sheet is a summary of debit and credit balances of asset and liabilities in a ledger. It is a financial statement prepared in order to determine the financial position of a business, in the event of acquisition of a subsidiary by a parent company, then a consolidated balance sheet will be prepared to unite the two entities. A consolidated balance sheet is a financial statement prepared to record the asset and liabilities of the two entities as one entity.in this case the aquisi
Consolidated Balance Sheet As At 1/1/××
$ $
Fixed Asset
PPE Asset (undervalued ) 81,000
Less : Depreciation. 5,400
----------
75,600
Goodwill. 162,000
----------------
Total Fixed Asset 237,600
Other Asset
Patent. 261,000
Amortization. 32,625
--------------
293,625
----------------
Total Asset. 531,225
Owners Equity
Common Stock 1,494,000
---------------------
Total owners Equity 1,494,000
Answer:
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Explanation:
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Answer:
Price per share of preference share = $25
Explanation:
Preference dividend is generally fixed, and does not change as there is a standard rate prescribed at the time of issue of preference shares.
Provided here is, dividend for preference shares = $2
Expected return each year = 8%
Expected growth = 0%
Thus, cost or price per share of preference stock = Dividend/Expected Return = $2/8% = $25 each share.
Answer:
following a linear equation:
y = mx + b
if we use July's data:
y = $0.0882m + 500
where
y = total cost
m = number of copies
the slope = 1 / 11.3333 = 0.0882
Explanation:
Month Number of Copies Total Copy Cost
January 46,000 $4,600
February 42,000 $4,400
March 58,000 $5,300
April 64,000 $6,300
May 57,000 $5,000
June 62,000 $5,800
<u>July 68,000 $6,500 </u>
August 71,000 $7,300
y = mx + b
6,500 = 68,000x + 500
x = variable cost per unit = (6,500 - 500) / 68,000 = $0.088235294 per copy ≈ $0.0882 per copy
the equation would be:
y = $0.0882m + 500
the slope = 1 / 11.3333 = 0.0882
Answer:
$3,123.75
Explanation:
First we have to calculate the assessed value of the property for the purpose of taxation, which is given as follows:
Assessed value=$255,000*35%=$89,250
No we have to calculate the tax rate for the assessed value of $89,250 using the following method:
(tax rate/$100)*assessed value
Tax rate=$3.50
Assessed value=$89,250
=($3.50/100)*$89,250
=$3,123.75
