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forsale [732]
3 years ago
12

Just before Johnson Laboratories opened for business, Howard Johnson, the owner, had the following assets and liabilities. Cash

$ 39,600 Laboratory Equipment 74,700 Laboratory Supplies 5,900 Loan Payable 14,200 Accounts Payable 9,650 Determine the totals that would appear in the firm’s fundamental accounting equation.
Business
1 answer:
klasskru [66]3 years ago
7 0

Answer:

Assets                      $  120,200

Liabilities                  $   23,850

Owners Equity         $   96,350

Explanation:

Assets comprise of the following components:

Cash                                   $ 39,600

Laboratory Supplies         $    5,900

Laboratory Equipment     <u> $ 74,700</u>

Total Assets                       $ 120,200

Liabilities comprise the following components:

Accounts Payable            $  9,650

Loan Payable                   <u>$ 14,200</u>

Total Liabilities                 $ 23,850

Since Johnson Laboratories is just starting its business, there would be no income statement items. It is safe to assume that the balance of assets and liabilities is the Owners' Equity.

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2 years ago
The chapter's "Continuity and Change" section mentions religious societies that advocated a return to strict and uncompromising
pogonyaev

Answer:

The Jesuits.

Explanation:

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The basic continuity in any human endeavor is found in the goals that it pursues, and in how we cope with the intentions of pursuing them. A society or a profession is recognizably one and the same throughout a long history because its pursuit of a goal is always the same. These goals may be looked at from two points of view, abstract values or as concrete embodiments of those values. The kind of change that we are experiencing today and the sort of adaptation that we are making seem to fall largely into the most profound kind of adaptation, both in the Church and in the Society of Jesus.

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3 years ago
Adams and Collin Enterprises expect earnings and dividends to grow at a rate of 25% for the next 4 years, after the growth rate
ollegr [7]

Answer:

the intrinsic value of the stock is 42.97

If the stock is priced at 40 dollars it would be a good idea to purchase the share as will provide a better yield than the cost of capital of 9.6%

Explanation:

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Ke= r_f + \beta (r_m-r_f)

risk free = 0.03

market rate = 0.09

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beta(non diversifiable risk) = 1.2

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<em>Now we solve for the intrinsic price using the gordon model</em>

<em>with multi-stage growth:</em>

First, we calcualte the future dividends

grow rate Dividends

0                1.25

1 0.25       1.5625

2 0.25       1.953125

3 0.25       2.44140625

4 0.25       3.051757813

4 0.03     3.143310547

Now in the last year, we calcualte using the gordon model or constant grow:

\frac{3.143310547}{0.096-0.03} = Intrinsic \: Value

32.7128182

Now we calculate and add together the present value of each of this future cash flow to determnate the intrinsic  value ofthe share:

\frac{Principal}{(1 + rate)^{time} } = PV

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2 1.953125 / (1+0.096)^2 = 1.625956531

and so on, giving the following values:

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