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3 years ago

8

You need $120,000 to start your business. You plan to invest $54,000 in the business and obtain financing from outside investors

for the remainder. What
will be your percentage of ownershup?

1 answer:

bonufazy [111]3 years ago

8 0

Answer:

45%

Explanation:

=

54/120

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On January 1, 2019, Wildhorse Co. issued $379,500, 7%, 5-year bonds at face value. Interest is payable annually on January 1. (a

nikklg [1K]

Answer:

See the explanation for the answer.

Explanation:

(a)

Bonds are issued at face value

date Account debit credit

Jan 1 ,2019 cash $379,500

bonds payable $379,500

[to record cash received

against bonds issued]

b.

Interest accrued from Jan-Dec = $379,500*7% = $26,565

Account

Dec 31 ,2019 Interest expense $26,565

Interest payable on bonds $26,565

As interest is accrued it will be expensed

.

However, it is not paid so it will be interest payable

c) Interest paid

Debit Credit

Jan 1 ,2020 Interest payable on bonds $26,565

Cash $26,565

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3 years ago

Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as foll

grandymaker [24]

Answer:

Decrease by $30,000

Explanation:

Cost to buy = 15,000 * $34

Cost to buy = $510,000

Note: Since Ortega is buying 15000 units at $34, the $40,000 avoidable cost on fixed manufacturing overhead is non-applicable.

Cost of making = $150,000 + $240,000 + $90,000

Cost of making = $480,000

So, if Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be decrease by $30,000 ($510,000-$480,000).

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3 years ago

The Parvizians own several oriental rug stores in and around the Washington, DC, metropolitan area. It is expected that as each

Alex777 [14]

Answer:

The correct answer is (b)

Explanation:

It is generally said that if you’re in a family business you are in a partnership. The partvizians is a family which owns several rug stores. When their children will take over the business they will be considered partners. They will own the business equally and they will share the profits and losses. It is also known as a family-owned business where two or more family members run a business and act as business partners.

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3 years ago

In a price system, A. relative prices change infrequently due to transaction costs. B. relative prices change constantly to ref

faust18 [17]

Answer:

B, relative prices change constantly to reflect changes in supply and demand.

Explanation:

Prices of goods and services in any market change regularly or constantly. This usually shows the changes in demand and supply of the goods or service.

When the demand for a good is high, prices change and there is an increase. When the demand for a good is low, prices also change and become low as there are not as much people willing to buy the good.

For supply, when the supply of a good or service is high, the price of the good or service is reduced as there is abundant supply of the good. But when the supply of the good is not as much the prices of the good changes as there is an increase.

I hope this helps.

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3 years ago

Nezzie invests in 300 shares of stock in the fund shown below. Name of Fund NAV Offer Price LKIT Mid-Cap $16. 58 $16. 99 Nezzie

LenKa [72]

The correct amount of net asset value is $33. 66. Net asset value is termed as the value of the asset after the evaluation of the company's profit and evaluating the paid-off debt of the firm.

Computation of the total net value:

$\begin{aligned}\text{The Total Net Value}&=(\text{ Number of shares} \times \text{Offer price}) + \text{profit}\\\text{The Total Net Value}&= 300 \:\rm shares \times \$16.99 + \$5000\\\text{The Total Net Value}&=\$10,097\end{aligned}$

The computation of the net asset value is:

$\begin{aligned} \text{The Net Asset Value}&=\dfrac{\text{ Total Net Value}}{\text{Total Outstanding Shares}} \\\text{The Net Asset Value}&= \frac{\$10097}{300\:\rm shares} \\ \text{The Net Asset Value}&= \$33.66\end{aligned}$

Therefore, the correct option is D.

To know more about the calculation of the net asset value, refer to the link below:

brainly.com/question/2718055

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3 years ago