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4 years ago

The balance sheet reports revenues and selling costs for a period of time.

1 answer:

3 0

I would say false, the sheet that reports the revenues and the costs is known as the income statement. the balance sheet is the sheet that would report all of the assets (such as the cash, accounts receivable, or others). The balance sheet will also report all the liabilities (including the accounts payable, notes payable and others). Lastly, the balance sheet will also report the equity or the capital account of the business. So in a nutshell, the balance sheet reports the assets, liabilities, and owner's equity.

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Miller's Dry Goods is an all-equity firm with 50,000 shares of stock outstanding at a market price of $40 a share. The company's

Artemon [7]

Answer:

Number of Shares Sold= 125

so correct option is C. 125 shares

Explanation:

given data

stock outstanding = 50,000 shares

market price = $40

interest and taxes = $142,000

debt = $500,000

interest = 6 percent

own = 500 shares

to find out

How many shares of Miller's stock must you sell

solution

we get here shares repurchased that is express as

shares repurchased = $\frac{500000}{40}$

shares repurchased = $12500

and

no of Shares Outstanding with Debt will be

no of Shares Outstanding with Debt = $50000 - $12500

no of Shares Outstanding with Debt = $37500

and

Value of Stock will be

Value of Stock = $37500 × $40

Value of Stock = $1500000

and

now Total Value will be

total value = $500000 + $1500000

total value = $2000000

so Weight of Debt is here

Weight of Debt = $\frac{500000}{2000000}$

Weight of Debt = 0.25

so Weight of Stock is

Weight of Stock = $\frac{1500000}{2000000}$

Weight of Stock = 0.75

Initial Investment is = 500 × 40

Initial Investment = $20000

and

Value on New Stock Position will be

Value on New Stock Position = 0.75 × $20000

Value on New Stock Position = $15000

New Shares is = $\frac{15000}{40}$

New Shares is = 375

and

Number of Shares Sold will be

Number of Shares Sold = 500 - 375

Number of Shares Sold= 125

so correct option is C. 125 shares

6 0

3 years ago

While on a trip to South Africa, Elena was impressed with colorful woven outdoor placemats, floor mats, chair cushions, and umbr

Anit [1.1K]

Answer:

D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.

Explanation:

Also she should hear from others who import and export goods from Africa and US and vice-versa.

8 0

3 years ago

Read 2 more answers

City A, City B, and City C are cooperating to build a community center catering to the three cities. Seats on the 10-member comm

muminat

Answer:

city A = 3 members in the committee

city B = members in the committee

city C = 4 members in the committee

Explanation:

City A: 18,000 people

City B: 21,000 people

<u>City C: 22,000 people</u>

total 61,000 people

A seat in the committee will be assigned for every 6,100 people

city A = 18,000 / 6,100 = 2.95 ⇒ city A will get 2 + 1 = 3 members in the committee

city B = 21,000 / 6,100 = 3.44 ⇒ city B will get 3 + 0 = 3 members in the committee

city C = 22,000 / 6,100 = 3.61 ⇒ city A will get 3 + 1 = 4 members in the committee

2 + 3 + 3 = 8, there were 2 remaining committee members that should be divided using the size of the remainders: 0.95 > 0.61 > 0.44

8 1

4 years ago

A company makes bicycles. It produces 850 bicycles a month. It buys the tires for bicycles from a supplier at a cost of Rs.60 pe

Triss [41]

Answer:

B: 522 tires

B: 39 orders

Explanation:

a. Calculation for EOQ

First step is to Calculate the Annual Demand which is D

D = Annual demand = (2 tires per bicycle) x (850 bicycles per month) x (12 months in a year)

D=20,400 tires

Second step the ordering cost is given in the question which is :

S = Ordering cost = 90 per order

Third step is to Calculate the carrying cost which is H

H = carrying cost = (15%) x ($60 per unit)

H= $ 13.50 per unit per year

Last step is to Calculate the EOQ

EOQ = √{ (2 x 20,400 x $90) / $13.50

EOQ= 522 tires

Therefore the EOQ is 522 tires which means that the company should order 522 tires each time they places an order.

b. Calculation for the number of orders per year

Using this formula

Number of orders per year = D / Q

Let plug in the formula

Number of orders per year = 20,400 / 522

Number of orders per year = 39 orders per year

Therefore the Number of orders per year will be

39 orders per year.

6 0

3 years ago

Which of the following is one of the top three mistakes in website design?

Crazy boy [7]

Answer:

A or D

Explanation:

I mean all of them are very valid reasons in website design but one of the reasons why most people avoid sites is either because there's too much clutter in either wording OR visuals

4 0

3 years ago

Read 2 more answers