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Gelneren [198K]
3 years ago
6

The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corres

ponding amounts: Assets = $39,000; Liabilities = ?; Common Stock = $6,900; Revenue = $14,800; Dividends = $1,700; Beginning Retained Earnings = $4,700; Ending Retained Earnings = $8,900.
Business
1 answer:
liraira [26]3 years ago
5 0

Answer:

Total liabilities is $23,200

Explanation:

In this question,we apply the accounting equation which is shown below:

Total assets = Total liabilities + shareholder's equity

$39,000 = Total liabilities + $6,900 + $8,900

$39,000 = Total liabilities + $15,800

So, the total liabilities equal to

= $39,000 - $15,800

= $23,200

The shareholder's equity includes Common Stock and the ending retained earning balance and the same we take in the computation part.

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What is the internal rate of return of a project costing $3,000; having after-tax cash flows of $1,500 in each of the two years
goldfiish [28.3K]
The answer is B 15%
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3 0
3 years ago
A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an account
exis [7]

Answer:

720

Explanation:

Given:

The management consulting team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists

To find:

Number of different teams that could be formed from the available individuals

Solution:

Use combination to find number of ways to select y objects from x objects when the order in the selection process doesn't matter.

Number of ways to select an accountant, a production specialist, a finance specialist, and a management specialist from six accountants, five production specialists, three finance specialists, and eight management specialists =6_C_1 5_C_1 3_C_1 8_C_1\\=6(5)(3)(8)\\=720

4 0
3 years ago
WILL MARK BRAINLIEST!
harkovskaia [24]

Answer:B

Explanation: pay attention

6 0
3 years ago
Chevron Phillips (CP) has put into place new laboratory equipment for the production of chemicals; the cost is $1,770,000 instal
inessss [21]

Answer:

Chevron Phillips (CP)

a. The gross income or annual savings is:

= $804,846.

b. The income tax for the 1st year assuming a marginal tax rate of 40% is:

= $131,600.

c. The after-tax cash flow for the 1st year is:

= $559,400.

Explanation:

a) Data and Calculations;

Cost of new laboratory equipment = $1,770,000

Borrowed capital = $849,600 ($1,770,000 * 48%)

Borrowing rate = 13.4%

Borrowing interest expense for the first year = $113,846

Depreciation = $362,000

Taxable income = $329,000

Gross savings = $X

$X = $804,846 ($113,846 + $362,000 + $329,000)

Income tax for the 1st year:

Marginal tax rate = 40%

Taxable income = $329,000

= $131,600 ($329,000 * 40%)

After-tax Cash Flows for the 1st year:

Gross savings =    $804,846

Interest expense      113,846

Depreciation          362,000

Taxable income  $329,000

Income tax              131,600

Net income          $197,400

Cash Flows:

Net income               $197,400

Depreciation             362,000

After-tax cash flow $559,400

6 0
3 years ago
Amy's school records describe her as having monochrome blindness. what can we assume about amy's perceptual abilities?
inessss [21]

We can assume that Amy’s perceptual abilities is that she may not be able to see color because she is considered or described to a monochromat base on the findings that is seen from her or base from the school records that has been provided.

5 0
3 years ago
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