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svetoff [14.1K]
3 years ago
15

Parker Inc. is obligated to pay its creditors $33,333 very soon. If the market value of the firm's assets equals $49,700, calcul

ate the residual value owed to the shareholders.
Business
1 answer:
AnnyKZ [126]3 years ago
3 0

Answer:

The market value of shareholders’ equity is $16,367

Explanation:

In this question, we are asked to calculate the residual value owed to shareholders.

We proceed as follows:

Firstly, we identify the following;

Amount payable to creditors = $33,333

Market value of assets = $49,700

Mathematically,

Market value of shareholders equity = Market value of assets - Amount payable to creditors = $49,700 - $33,333 = $16,367

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Answer:

$6 per unit

Explanation:

using the weighted average method:

units completed 92,000 x 100% (both materials and conversion)

ending work in progress 24,000

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equivalent unit conversion costs = total conversion costs / total equivalent units of conversion

  • total conversion costs = $20,320 + $15,240 + $$182,880 + $391,160 = $609,600
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equivalent unit conversion costs = $609,600 / 101,600 units = $6 per unit

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Answer:

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Answer:

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Explanation:

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7 0
3 years ago
Explain the importance of contracts when analyzing revenue arrangements.
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<span>Contracts are legally binding documents that have the ability to protect and allow all parties to be clear and precise of actions and expectations within the agreement, including payment arrangements. Contracts are important when analyzing revenue arrangements, as it ensures that all parties are aware of the agreed upon outcome and provide hard evidence should there be any future disputes.</span>
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Answer:

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