Answer: The correct answer is the CFO.
Explanation: The CFO is the Chief Financial Officer of the organization. They are responsible for supervising the audit committee, controller and the treasurer, and are responsible for the financial accounting, managerial accounting and tax reporting for the company.
Answer:
1. How much cash did Anders receive from the sale of equipment?
$ 47,400
How much depreciation expense was recorded on equipment during 2019
$ 57,000
What was the cost of new equipment purchased by Anders during 2019?
$ 185,000
Explanation:
Book Value -$ 53,000
Sale Value $ 47,400
Sold Loss -$ 5,600
Accum. Depreciation Eq. 2018 $ 236,000
Accum. Depreciation Eq. 2019 -$ 126,000
Book Value -$ 53,000
REAL Depreciation During 2019 $ 57,000
Property and Equipment 2018 -$ 335,000
Property and Equipment 2019 $ 245,000
Original Cost $ 275,000
REAL Depreciation During 2019 $ 185,000
Answer:
11.87% pre tax cost of debt
Explanation:
Coupon Rate = 12.00%
Years to Maturity = 20.0
NPER = 40 (years of maturity x 2)
PMT = $60.00 (Face value x coupon rate) / 2
Face Value = $1,000.00
Price = PV = $1,010.00
Rate = 5.93%
rate(nper,pmt,-pv,fv)
rate(40,60,-1010,1000)
Yield = Rate x 2 = 11.87% pre tax cost of debt
Answer:
Option (C) is correct.
Explanation:
Given that,
D0 = $0.85
P0 = $22.00
gL = 6.00% (constant)
Cost of common equity at P0 = $22.00:
= 10.09%
Cost of common equity at P0 = $40.00:
= 8.25%
Hence, it is clear from the above calculation that if the price of stock increases then as a result cost of equity decreases.
Here, [10.09% - 8.25] = 1.84%, cost of equity decreases by 1.84%.
Answer: Downsizing
Explanation: In simple words, downsizing refers to the strategy under which the management lay of its workers or departments with the objective of improving its financial performance. In other words, downsizing refers to reducing the scale of business.
In the given case, company is laying off its employees as it has lack of budgets in hand. Such funds would be used for other operations.
Hence from the above can conclude that the correct option is E.
