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3 years ago

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Link each account to the right financial statement that it belongs to Question 3 options: Depreciation Cost of goods sold Fixed

assets Inventory Accumulated depreciation Retained earnings Taxes Sales Cash Accounts payable 1. Income statement 2. Balance Sheet

1 answer:

Luda [366]3 years ago

3 0

Answer:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

Explanation:

Depreciation - Income statement

Cost of goods sold - Income statement

Fixed assets - Balance Sheet

Inventory - Balance Sheet

Accumulated depreciation - Balance Sheet

Retained earnings - Balance Sheet

Taxes - Income statement

Sales - Income statement

Cash - Balance Sheet

Accounts payable - Balance Sheet

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Companies Heidee and Leaudy have the same total assets, sales, operating costs, and tax rates, and they pay the same interest ra

stealth61 [152]

Answer:

E. If the interest rate the companies pay on their debt is more than their basic earning power (BEP), then Company Heidee will have the higher ROE.

Explanation:

Base on the scenario been described in the question, we saw that between the two companies, Heidee and Leaudy, they both have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt but company Heidee has a higher debt ratio, this will make company Heidee has a higher ROE because of its higher ratio of debt

3 0

3 years ago

Allocation of resources is inefficient only if:________

weqwewe [10]

Answer:

<em><u> we produce the goods and services that people value less</u></em>

<em><u>Explanation:</u></em>

<em><u>Remember, </u></em> an inefficient activity is one that<em> fails</em> to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing<em> laptops.</em> However, it later determined that the allocated resources were inefficient since most consumers according to a survey now prefer <em>tablet</em> <em>computers. </em>The company received low sales volume as result.

6 0

3 years ago

Stech Co. is issuing $9 million 12% bonds in a private placement on July 1, 2017. Each $1,000 bond pays interest semi-annually o

STALIN [3.7K]

Answer:

Expected selling price =$ 1,271.81

Explanation:

<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>

<em>These cash flows include interest payment and redemption value</em>

The price of the bond can be calculated as follows:

Step 1

<em>PV of interest payment</em>

coupon rate - 12%, yield - 8%, years to maturity- 10 years

Semi-annual coupon rate = 12%/2 = 6%

Semi-annual Interest payment =( 6%×$1000)= $60

Semi annual yield = 8%/2 = 4%

PV of interest payment

= A ×(1- (1+r)^(-n))/r

A- interest payment, r- yield - 4%, n- no of periods- 2 × 10 = 20periods

= 60× (1-(1.04)^(-10×2))/0.04)

= 60× 13.59032634

=$815.41

Step 2

<em>PV of redemption value (RV)</em>

PV = RV × (1+r)^(-n)

RV - redemption value- $1000, n- 2×10 r- 4%

= 1,000 × (1+0.04)^(-2×10)

= $456.38

Step 3

<em>Price of bond = PV of interest payment + PV of RV</em>

= $815.41 + $456.38

= $ 1,271.81

Expected selling price =$ 1,271.81

5 0

3 years ago

Tim wrote a negotiable note. Subsequently, Tim's debts were discharged in bankruptcy. If a holder in due course presents the not

fomenos

Answer:

TRUE

Explanation:

Bankruptcy is a legal framework, in which borrowers who cannot pay their loans, may seek relief from all of their liabilities from individuals or other organizations. In most states, a judge's order mandates bankruptcy.

In this situation, Tim is a bankrupt person, tin wrote a negotiable note but now Tim has got relief from his liabilities, so he has not to pay against his negotiable note.

Therefore, the following situation is TRUE .

5 0

3 years ago

You short sold 500 shares of Jasper stock at $41 a share at an initial margin of 60 percent. What is the highest the stock price

avanturin [10]

Answer:

$Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}$

And if we replace we have this:

$Px =\frac{[(500*41) +(500*41*0.6]/500}{1+ 0.4}$

$Px= 46.857 \ approx 46.86$

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.

See explanation below.

Explanation:

For this case we define the following notation:

N= 500 represent the number of stocks for JAsper

P = 41 represent the stock price

M1 = 60% = 0.6 represent the initial margin

Px represent the highest stock price the variable of interest for this case

M2= 40% or 0.4 represent the mainteneance margin

We can find the value of Px with the following formula on this case:

$Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}$

And if we replace we have this:

$Px =\frac{[(500*41) +(500*41*0.6]/500}{1+ 0.4}$

$Px= 46.857 \ approx 46.86$

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.

5 0

3 years ago