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Sonbull [250]
3 years ago
8

The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current

Business
1 answer:
Readme [11.4K]3 years ago
5 0

Answer:

The correct answer is letter "B": Current assets, long-term investments, plant assets, and intangible assets.

Explanation:

A classified balance sheet is a detailed report including specific information about the company's assets, liabilities, and shareholder's equity. This balance sheet itemizes details regarding current assets, long-term investments, fixed assets, intangible assets, current liabilities, long-term liabilities, and shareholder's equity.  

Classified balance sheets do not have a set of classified accounts that must be used, thus, the information included relies on the manager's needs based on current and long-term transaction data.

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A business will want to borrow to undertake an investment project when the rate of return on that project is:
pychu [463]

Answer:

B) higher than the interest rate.

Explanation:

In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest

And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment

Hence, the option b is correct

3 0
2 years ago
A few years back, Dave and Jana bought a new home. They borrowed $230,415 at an annual fixed rate of 5.49% (15-year term) with m
Illusion [34]

A few years back, Dave and Jana bought a new home. They borrowed $230,415 at an annual fixed rate of 5.49% (15-year term) with monthly payments of $1,881.46. They just made their twenty-fifth payment and the current balance on the loan is $208,555.87. Interest rates are at an all-time low, and Dave and Jana are thinking of refinancing to a new 15-year fixed loan. Their bank has made the following offer: 15-year term, 3.0%, plus out-of-pocket costs of $2,937. The out-of-pocket costs must be paid in full at the time of refinancing. Build a spreadsheet model to evaluate this offer. The Excel function: New monthly payment PMT(3%/12, 15*12, 208555.87, 0, 0) = $1,440.25 Now, we need find the additional amount.

<h3>What is Interest rates?</h3>

The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.

The interest rate over a year is known as the annual interest rate. Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.

According to one definition, the interest rate "is an indication of the preference for a dollar of present [income] over a dollar of future income."

To learn more about interest rate from the given link:

brainly.com/question/886396

#SPJ4

7 0
1 year ago
Central Systems, Inc. desires a weighted average cost of capital of 7 percent. The firm has an after-tax cost of debt of 4 perce
Oksanka [162]

Answer:

1  

Explanation:

Given that,

Weighted average cost of capital = 7%

After-tax cost of debt = 4 percent

Cost of equity = 10 percent

Let the debt of this firm be x, then the equity will be (1 - x),

wacc = (After-tax cost of debt × Debt) + (Cost of equity × Equity)

7% = (4% × x) + [10% × (1 - x)]

0.07 = 0.04x + 0.1 - 0.1x

0.07 = 0.10 - 0.06x

0.06x = 0.10 - 0.07

0.06x = 0.03

x = 0.5

Therefore, if the debt is 0.5 then the equity is 0.5.

Hence, the debt to equity ratio will be:

= 0.5 ÷ 0.5

= 1

The debt-equity ratio is 1 for the firm to achieve its targeted weighted average cost of capital.

8 0
3 years ago
Lena Holden began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During J
vlabodo [156]

Answer:

ASSETS = LIABILITIES + EQUITY

75,000  =                  +  75,000

(1,500) =                  +  (1,500)

10,000  =    10,000  +

2,500  =                  +  2,500

8,000  =                  +  8,000

-          =                  +

(3,000) =                  +  (3,000)

 -          =                  +

(10,000) =  (10,000)         +

(1,000) =                  +  (1,000)

80,000  =     0           +  80,000

Explanation:

Accounting equation is the foundation of dual entry bookkeeping  system. It is also known as the balance sheet equation that shows the relationship between ASSSETS, LIABILITIES AND EQUITY. Total assets must be equal to total liabilities + Equity due to the dual entry system otherwise, it is an indication of descrepancy in during the recording.

6 0
3 years ago
Smith Foundry uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hour
Tems11 [23]

Answer and Explanation:

The journal entry to record the manufacturing overhead cost incurred is shown below:

Manufacturing overhead Dr $427,500

          To Accumulated depreciation - Plant & Equipment $400,000

          To Property tax payable $19,500

          To Wages payable $8,000

(Being the manufacturing cost incurred is recorded)

6 0
3 years ago
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