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3 years ago

1. Identify each account as an asset (A), liability (L), or equity (E).

Business

1 answer:

Novosadov [1.4K]3 years ago

5 0

Answer:

Interest Revenue: Income, Credit balance, credit increases the balance, debit reduces such balance

Accounts Payable: Liability, Credit balance, credit increases the balance, debit reduces such balance

Calhoun Capital: Equity, Credit balance, Credit increases the balance, debit reduces such balance

Office Supplies: Asset, Debit balance, Debit increases the balance, credit reduce such balance

Advertising Expense: Expense, Debit balance, debit increases the balance, credit reduces such balance

Unearned Revenue: Liability, Credit balance, credit increases the balance, debit reduces such balance

Prepaid Rent: Asset, Debit balance, Debit increases the balance, credit reduces such balance

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Wanda is the chief executive officer of pink corporation, a publicly traded, calendar year c corporation. for the current year,

tia_tia [17]

Wanda's compensation that is deductible by Pink Corporation is equal to $1,250,000.

<h3>What is a corporation?</h3>

A corporation can be defined as a corporate organization that has facilities and owns assets that're used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.

<h3>What is taxation?</h3>

Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.

Mathematically, Wanda's compensation that is deductible by Pink Corporation is given by:

Wanda's compensation = cash compensation × deductible percentage

Wanda's compensation = $2,500,000 × 50%

Wanda's compensation = $1,250,000.

Read more on compensation here: brainly.com/question/15293348

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Complete Question:

Wanda is the Chief Executive Officer of Pink corporation, a publicly traded, calendar year C corporation. For the current year, Wanda's compensation package consists of:

Cash compensation $2,500,000

Nontaxable fringe benefits 250,000

Taxable fringe benefits 150,000

Bonus tied to company performance 2,000,000

How much of Wanda's compensation is deductible by Pink Corporation?

5 0

2 years ago

Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Pl

brilliants [131]

Answer:

False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.

8 0

3 years ago

ExxonMobil has historically had a very low debt-to-equity ratio within the oil industry, but it recently issued $12 billion in n

Galina-37 [17]

Answer:

The WACC before bond issuance is 3.9% and the WACC after bond issuance is 3.71%

Explanation:

In order to calculate the WACC before bond issuance , we would have to calculate first the cost of equity using capital asset pricing model .

So Using CAPM we have Rf + Beta x Market risk premium

= 0.5% + 0.85 * 4%

= 3.9% . cost of equity

Therefore WACC before bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= 3.9% . WACC before bond issuance will be equal to cost of equity in this case as there is no debt issue.

In order to calculate the WACC after bond issuance we make the following calculation:

WACC after bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= (3.9% x 0.9) + (2% x 0.1)

= 3.51% + 0.2%

= 3.71%

4 0

3 years ago

Read 2 more answers

Who deserves more credit for making the united states an industrial powerhouse – industrialists or workers?

Leni [432]

workers deserve more credit

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3 years ago

Your company has entered into a five-year lease for a building for your business, but it now looks as if it will cost up to ha

Nat2105 [25]

Answer:

Escalation of commitment or commitment bias.

Explanation:

Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment nevertheless continues the behavior instead of altering course; meaning the individual or business continues to invest additional resources in an apparently losing proposition, influenced by effort, money, and time already invested. The group/individual maintains behaviors that are irrational, but align with previous decisions and actions. Economists and behavioral scientists use a related term, sunk-cost fallacy, to describe the justification of increased investment of money or effort in a decision, based on the cumulative prior investment ("sunk cost") despite new evidence suggesting that the future cost of continuing the behavior outweighs the expected benefit.

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4 years ago

1. Identify each account as an asset​ (A), liability​ (L), or equity​ (E).

1. Identify each account as an asset (A), liability (L), or equity (E).