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Pavlova-9 [17]
4 years ago
13

Analyzing and Reporting Financial Statement Effects of Transactions M.E. Carter launched Carter Company, a professional services

firm on March 1. The firm will prepare financial statements at each month-end. In March (its first month), Carter executed the following transactions. Enter the transactions, a through g, into the financial statement effects template below. a. Carter (owner) invested in the company $200,000 cash and $40,000 in property and equipment. The company issued common stock to Carter. b. The company paid $6,400 cash for rent of office furnishings and facilities for March. c. The company performed services for clients and immediately received $8,000 cash earned. d. The company performed services for clients and sent a bill for $48,000 with payment due within 60 days. e. The company compensated an office employee with $9,600 cash as salary for March. f. The company received $20,000 cash as partial payment on the amount owed from clients in transaction d. g. The company paid $1,870 cash in dividends to Carter (owner).

Business
1 answer:
valentinak56 [21]4 years ago
7 0

Answer:

See explanation section

Explanation:

See the image below to get the answer:

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Suppose that a business incurred implicit costs of $500,000 and explicit costs of $5 million in a specific year. If the firm sol
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Answer: d.) profits were zero and its economic losses were $500,000.

Explanation:

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3 years ago
The next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of
SOVA2 [1]

Answer:

Required rate of return = 10.75%

Explanation:

<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity </em>

The model is represented below:

P = D× (1+g)/ ke- g

Ke- cost of equity, g - growth rate, p - price of the stock

This model can used to work out the cost of equity, as follows:

Ke = D× (1+g)/p + g

Ke = (1.48× 1.05)/27   + 0.05

Ke= 0.107555556

Required return =  0.1075  × 100 = 10.75

Required rate of return = 10.75%

5 0
3 years ago
Your résumé should be one-of-a-kind. True False?
den301095 [7]

Your résumé should be one-of-a-kind is True.

  • True

<u>Explanation:</u>

Each resume is a stand out showcasing a correspondence. It ought to be suitable to your circumstance and do precisely what you need it to do. Most continues use the great switch sequential configuration. Your name and contact data go at the top, followed quickly by your business history. Truly it is the substance of your resume that issues more than all else and those tricks sit idle however aim interruptions.

Beginning with your current or most latest position and strolling back through time, this arrangement doubtlessly shows enrollment specialists precisely where you've been including instruction, unique research, introductions you've given and papers or books you've had distributed.

7 0
4 years ago
Fellingham Corporation purchased equipment on January 1, 2019, for $400,000. The company estimated the equipment would have a us
lesya [120]

Answer:

Answer not in the given option, please recheck for error.

depreciation in 2021 would be= $82,000

Explanation:

Depreciation  incurrred in 2019:

Using straight line depreciation = original cost - salvage value / useful life

=(400,000-40,000)/10

=$36,000

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therefore depreciation  for the two years = $36,000 x 2 = $72,000

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= 400,000- 72,000= $328,000

But Remaining useful life =4 years with no salvge value

Therefore depreciation in 2021 would be  = Cost - salvage value / useful life

($328,000 - 0)/4

= $82,000

6 0
4 years ago
IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on
Andrew [12]

The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

<h3>What is bond?</h3>

A bond is a type of financial security in which the issuer owes the holder a debt and is obligated to repay the principal of the bond as well as interest over a specified period of time, depending on the terms. Interest is usually paid at regular intervals.

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a corporation. The investor agrees to give the corporation a specific sum of money for a set period of time. In exchange, the investor receives interest payments on a regular basis.

To know more about bond follow the link:

brainly.com/question/25965295

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8 0
1 year ago
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