There are three main financial statements that can be affected by buying a piece of equipment for a company.
They are: (1) balance sheets; (2) income statements; and (3) cash flow statements
Balance sheets show what a company owns and what it owes at a fixed point in time so buying a piece of equipment will show an increase in the company’s assets and decrease in cash Income statements which shows how much money a company made and spent over a period of time will report an increase in the expenses resulting to a lower net income.
Cash flow statements which show a decrease in net cash due to buying of the equipment.
Answer:
The answer is: C) Net purchases plus beginning inventory equals merchandise available for sale
Explanation:
The best way to show how this equation works is by assigning values to the accounts;
- initial merchandise inventory was 2,000 units, at $10 per unit, total $20,000
- merchandise purchased was 4,000 units, at $10 per unit, total $40,000
How many units do we have available for sale, and at what cost?
We add initial merchandise inventory and merchandise purchased = 6,000 units at $10 per unit, total $60,000
Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows :
Total damage = damage to the car + damage to the store Substitute the values in the formula :
Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050.
The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as :
Amount paid by Kurt = Total damage – amount paid by insurance company
Substitute the values in the formula :
Amount paid by Kurt = $18,050 - $15,000 = $3,050
Therefore, he will have to pay the remaining $3,050
Answer:
14.35%
Explanation:
In this given case, Risk free return will be yield on bond = 10.50%
Risk Premium given = 3.85%
But beta of company is not given, and market beta also not given, hence we can not calculate beta.
we can assume beta of company is 1, then-
Cost of equity can be calculated as:
= Risk free return + [Beta × Risk Premium]
= 10.50% + [1 × 3.85%]
= 10.50% + 3.85%
= 14.35%
Note:
Retained earning also not given so that we calculate based of retained earning.
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