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cupoosta [38]
4 years ago
6

Mofro's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year,

the business recorded $450,000 in computer repair revenues, $250,000 in expenses, and Mofro paid dividends of $45,000. The net income reported by Mofro's Computer Repair Shop for the year was______________
Business
1 answer:
JulsSmile [24]4 years ago
3 0

Answer:

$200,000

Explanation:

As we know that

The net income is the income that is generated when we deduct all expenses incurred from all revenues generated that is reflected on the income statement  

In mathematically,  

Net income = Revenues earned - expenses incurred

                   = $450,000 - $250,000

                   = $200,000

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You have borrowed $28,000 at an interest rate of 12% compounded annually. Equal payments will be made over a four-year period, w
Sloan [31]

Answer:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

Explanation:

For this question we can use the Equivalent annual value (A) given by the following expression:

A = PV [\frac{i (1+i)^t}{(1+i)^t -1}]

Where PV = 28000 represent the pesent value

i = 0.12 since the rate is yearly

t = 4 since we have 4 years to pay

So then we have everything to replace and we got:

A = 28000 [\frac{0.12 (1.12)^4}{(1.12)^4 -1}]

A = 28000 [\frac{0.12*1.574}{1.574-1}]

A=28000*0.3292 = 9218.564

So then the annual pay would be $ 9218.564 for this case

And this amount would be paid each year in order to pay all the money after 4 years.

6 0
3 years ago
The intent of the offeror to extend an offer to the offeree is generally determined by reference to
MArishka [77]

Answer:

The words and conduct of the offeror.

Explanation:

3 0
2 years ago
A company just paid a $2 dividend per share. The dividend growth rate is expected to be constant at 10% for 2 years, after which
Olin [163]

Answer:

Do =  $2.00

D1= Do(1+g)1 =  $2(1+0.1)1 = $2.20

D2= Do(1+g)2 = $2(1+0.1)2 = $2.42

PHASE 1

V1 = D1/1+ke + D2/(1+ke)2  

V1 = 2.20/(1+0.11) + 2.42/(1+0.11)2  

V1 = $1.9820 + $1.9641

V1 = $3.9461

PHASE 2

V2 = DN(1+g)/ (Ke-g )(1+k e)n                                                                                                                                                                                                                                        V2 = $2.42(1+0.03)/(0.11-0.03)(1+0.11)2      

V2 = $2.4926/$0.0649

V2 = $38.4068

The current stock price is calculated as follows:

Po = V1 + V2

Po = $3.9461 + $38.4068

Po = $42.35

Explanation: This question relates to valuation of shares with 2-phase growth model.  The value of shares in the first phase will be determined by discounting the dividend for the 2 years by cost of equity. The dividends for year 1 and year 2 were obtained by subjecting the current dividend paid (Do) to growth rate.  

Moreso, the value of shares for the second phase was calculated by considering the last dividend paid(D2) and then subject it to the new growth rate. The adjusted dividend was then capitalized at the appropriate discount rate of the company.

5 0
3 years ago
The toxic condition caused by excessive waste products in the bloodstream is known as.
AVprozaik [17]

Answer:

uremia or uremic poisoning

Explanation:

8 0
2 years ago
Which pattern of consumption is recommended to reduce humanity's global footprint? Buying goods from firms that always seek to m
tino4ka555 [31]

Answer:

The correct answer is letter "B": Choosing less harmful products.

Explanation:

Everyday companies are growing consciousness on the type of products the human being uses to satisfy basic needs or simply perform routine duties. Though, many of those the items used can cause harm to the environment. <em>Mothballs, oven cleaners, furniture polish and stain, and toilet bowl cleaners</em> are examples of those items that can put individuals and eventually societies at risk.  

<em>By choosing less harmful products like the mentioned above and choosing alternative solutions to cover common activities, humanity's global footprint will be reduced.</em>

5 0
3 years ago
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