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3 years ago

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The balance sheet of Bravo Corporation contains the following list of assets: Cash $8,500,000; Land, $4,700,000; Buildings, $1,3

00,000; and Other Assets, $200,000. Bravo' only debt is $2,070,000 owed to a bank. What is Bravo' stockholders' equity?

1 answer:

spayn [35]3 years ago

6 0

Answer:

12,630,000

Explanation:

The debt is 2,070,000 not 200,000.

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After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the

Masteriza [31]

Option 4 , All the above

Explanation:

After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the original contract if :

- the broker had worked with the purchaser before the expiration date

- the broker had disclosed the name of the purchaser to the sellers before the listing expired

- the broker was the procuring cause for the purchaser

The broker who listed the property will receive a commission, regardless of who sells the property. The vendor lists another agent after the listing expires, and the buyer's agent submits an offer to the property.

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3 years ago

A chemical engineer working for a large chemical products company was asked to make a recommendation about which of three mutual

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Answer: a. DN

Explanation:

The Minimum Acceptable Rate of Return (MARR) which is also known as the Hurdle Rate is the rate of return that will be earned by an investment to ensure that it will cover its cost.

This means that below the MARR, the project will bring in less than the costs it incurred. This is therefore not ideal.

The rate of return on each increment was less than the MARR of 17% which means that they are not profitable.

The company should not invest or rather Do Nothing.

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3 years ago

The leaders of a religious group decided to start a life insurance organization to insure members of the religious group. The in

Vladimir [108]

Answer:

C) fraternal insurer.

Explanation:

A fraternal insurer issues fraternal life insurance which is an insurance covered by a non-profit organization that offers this service to its members.

This insurance works in a similar fashion to normal insurance policies where the insured must pay monthly fees which are called contributions in this case.

Fraternal insurance policies must be provided by fraternal benefit societies which can be religious, ethnic or vocational. Generally most fraternal insurance provide life insurance policies only, and in order to be a client you must belong to their church or group.

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3 years ago

On 12/31/X4, Zoom, LLC reported a $60,000 loss on its books. The items included in the loss computation were $30,000 in sales re

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Answer:

-10.000

Explanation:

within the ordinary result, those income and expenses that respond to the normal and ordinary turn of the company, without considering those of an exceptional or unique nature, or related to operations that do not represent the aforementioned,

In this case the ordinary result is

$30,000 in sales revenue ORDINARY

$15,000 in qualified dividends ORDINARY(

If you want to know the exclusively operational result, these will not be considered.)

$22,000 in cost of goods sold ORDINARY

, $50,000 charitable contribution EXTRAORDINARY

$20,000 in employee wages ORDINARY

$13,000 of rent expense ORDINARY

= 30.000+15.000 - 22.000-20.000-13.000= -10.000

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3 years ago

Periodic Inventory-LIFO Jessie Stores uses the periodic system of calculating inventory. The following information is available

Gnoma [55]

Answer:

COGS= $130,000

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Explanation:

Giving the following information:

Units sold= 500

Purchases:

Dec. 1= 300 units at $250

Dec. 8= 600 units at $275

<u>To calculate the cost of goods sold under the FIFO (first-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>

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COGS= $130,000

<u>Now, the ending inventory:</u>

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3 years ago