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Tomtit [17]
3 years ago
14

Finore Manufacturing has the following amounts on its 12/31/14 balance sheet. Cash $150 Other current assets 397 Property, plant

, & equipment, net of depreciation 538 Current liabilities 324 Total Liabilities 504 What was Finore Manufacturing’s equity as on December 31, 2014?
Business
1 answer:
Tresset [83]3 years ago
8 0

Answer:

$581

Explanation:

The accounting equation gives the relationship between elements of the balance sheet as

Assets = Liabilities + Equity

Given that for Finore Manufacturing on 12/31/14, it's balance sheet

Cash = $150

Other current assets = $397

Property, plant, & equipment, net of depreciation = $538

Current liabilities = $324

Total Liabilities = $504

Hence, total assets = $150 + $397 + $538

= $1085

Finore Manufacturing’s equity as on December 31, 2014

= $1085 - $504

= $581

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Type the correct answer in the box. Spell all words correctly.
yuradex [85]

Answer:

Freemium would be the answer for the First one.

Explanation:

Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software. This business model has been used in the software industry since the 1980s. A subset of this model used by the video game industry is called free-to-play.

You are a very beautiful young lady : )

Let me know if you need any more help!

6 0
3 years ago
Park Company reports interest expense of $340,000 and income before interest expense and income taxes of $6,120,000.(1) Compute
algol13

Answer: 1. 18 times

2. Park is in better position

Explanation:

1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.

Calculating would therefore be,

= $6,120,000 /$340,000

= 18 times.

2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.

If you need any clarification do comment.

7 0
2 years ago
AK Inc. is paying 5% coupon rate for its bondholders over the next 8 years. Your required rate of return is 7 percent, how much
ratelena [41]

Answer: $880.57

Explanation:

Assuming Par value of bond is $1,000.

Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years

Coupon = 5% * 1,000 = $50

Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸

= ‭298.565‬ + 582

= $880.57

6 0
3 years ago
One benefit of specialization is that it​
tiny-mole [99]
-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
8 0
3 years ago
maximum amount willing to payGenesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division
Bezzdna [24]

Answer: $2.60

Explanation:

Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.

That's the highest amount that they can but the containers for. Therefore, the answer is $2.60

8 0
2 years ago
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