Answer:
C. provide a sufficient equity base to protect creditors' claims
Explanation:
- The capital impairments are when a company losses its asset and s a sort of restricting that is established to give a sufficient base to the protector credit claims as to when the dollar dividends and adjustment in earnings increases.
- The dividend policy will not affect the total values of the forms issued capital and thus the capital impairment will be minimized in a most possible manner.
Answer:
*** Cash $37,500
Explanation:
Optimum weight loss classified balance sheet .
Assets
Current assets
Cash $37,500
Account receivables $116,750
Prepaid insurance $7,200
Prepaid rent $21,000
Supplies $4,800
Total current assets $187,250
Non current assets
Equipment $474,150
Less
Accumulated depreciation $186,400
NBV $287,750
Land $300,000
Total non current assets
$587,750
Total assets
$775,000
Liabilities
Accounts payable $37,700
Salaries payable $9,000
Unearned fees $18,000
Total liabilities
$64,700
Equity
Common $75,000
Retained earnings $635,300
Total equity
$710,000
Total liabilities + equity
$710,300 + $64,700 = $775,000
Answer:
Variable Costs : Supervisory $5,000
Fixed Costs : Salaries $5,000
Mixed Cost : Maintenance $4,000
Explanation:
Variable Costs
These costs vary in direct proportion with the amount of production.
Examples : Materials and Labor
Fixed Costs
Theses costs do not vary with amount of production but stays the same in the relevant range.
Examples : Salaries of Mangers
Mixed Costs
These contain a variable cost element and a fixed cost element
Examples : Telephone Bill and Maintenance Costs
Answer:
$188,170
Explanation:
Cash collection in a month includes the collection of current and prior years's of credit sales.
Cash Collection for September is $188,170.
It includes 7% collection of July sales, It includes 35% collection of August sales and It includes 55% collection of September sales.
Schedule for Cash Collection is attached with this answer please find it.
