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marta [7]
3 years ago
7

As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. Durin

g Year 3, Moss earned $42,000 of cash revenue, paid $24,000 for cash expenses, and paid a $3,000 cash dividend to the stockholders.
Determine the amount of retained earnings as of December 31, Year 2.
Business
1 answer:
Setler79 [48]3 years ago
7 0

Answer:

$20,000

Explanation:

Calculation for the amount of retained earnings as of December 31, Year 2.

Using this formula

Retained earnings=Total cash -Notes payable-common stock

Where,

Total cash= $195,000

Notes payable= $90,500

Common stock= $84,500

Let plug in the formula

Retained earnings = $195,000 − $90,500 − $84,500

Retained earnings= $20,000

Therefore the amount of retained earnings as of December 31, Year 2 will be $20,000

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A pharmaceutical company announces that it has received Food & Drug Administration (FDA) approval for a new allergy drug tha
Natali [406]

Answer:

b. The stock price will not change, because the market had already incorporated the information about the FDA approval announcement in the stock price.

Explanation:

If the markets are strong form efficient, it means the consensus of the market related to future impact of FDA approval on earnings would be correct, the stock price of today correctly estimates the future earnings, and therefore the stock price would not change when the earnings are released.

3 0
3 years ago
When shopping for the best buy in a home theater system the sales representative informs Siddhartha that the more expensive mode
ira [324]

boost frequencies below 80 Hz

What is frequencies?

The frequency of a repeated event is its number of instances per unit of time. In some cases, it is also referred to as temporal frequency or ordinary frequency to underline differences with spatial and angular frequencies, respectively. One (event) per second is equal to one hertz (Hz), which is how frequency is stated. The period is the reciprocal of the frequency since it is the length of time for one cycle in a repeating occurrence. For instance, the period, T—the space between beats—of a heart beating at a frequency of 120 beats per minute (2 hertz), is equal to 0.5 seconds (60 seconds divided by 120 beats).

Learn more about  frequencies with the help of given link:-

brainly.com/question/17264163

#SPJ4

3 0
1 year ago
Avicorp has a $10 million debt issue outstanding, with a 6% coupon rate. The debt has semiannual coupons, the next coupon is due
rjkz [21]

Answer:

Explanation:

Pretax cost of debt is the annual rate(YTM) of the bond. Using a financial calculator, input the following to calculate it;

N = 5*2 = 10

PV = -(95% *10,000,000) = -9,500,000

Coupon PMT = (6%/2)*10,000,000 = 300,000

FV = 10,000,000

then compute semiannual rate; CPT I/Y = 3.604%

convert to annual rate = 3.604*2 = 7.21%(this is the pretax cost of debt)

After tax cost of debt is calculated because interest payable on debt has tax shield. The formula is as follows;

Aftertax cost of debt = pretax cost of debt (1-tax)

AT cost of debt = 7.21% (1-0.40)

AT cost of debt = 4.33%

8 0
3 years ago
Quentin's total debt to equity ratio on December 31, 2014, is _______
scoundrel [369]

Answer:

Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached file for the complete question.

The explnation to the answer is therefore given as follows:

The debt-to-equity ratio refers to a financial ratio that is used to measure the relative proportion of debt and Owners' equity that are employed to finance assets of a company.

The debt-to-equity ratio using the following formula:

Debt-to-equity ratio = Total liabilities / Owners' equity ............... (1)

Where;

Total liabilities = Total current liabilities + Non-current liabilities = $72,000 + $34,000 = $106,000

Owners' equity = $170,000

Substituting the value into equation (1), we have:

Debt-to-equity ratio = $106,000 / $170,000 = 0.62

Therefore, Quentin's total debt to equity ratio on December 31, 2014, is <u>0.62</u>.

Download pdf
3 0
3 years ago
g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t
Liula [17]

Answer:

62,000 units

Explanation:

Calculation to determine how many units did the Forming Department start and complete in the current month

Total units completed and transferred 84,000 units

Less Inventory at the beginning of this month 22,000 units

Units Forming Department started and completed in the current month 62,000 units

(84,000 units-22,000 units)

Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

7 0
3 years ago
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