Answer:
Book value 2020= $18,000
Explanation:
Giving the following information:
Purchasing price= $55,000
Residual value= $5,000
Useful life= 5 years
First, we need to determine the depreciation expense for 2018 and 2019. We will use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(55,000 - 5,000)/5]= 20,000
2019= 2*[(50,000 - 20,000)/5]= 12,000
Book value 2020= 30,000 - 12,000
Book value 2020= $18,000
Answer:
we start with the bank balance: $9,900.50
we must add: deposits in transit $1,315.80
we must subtract: check N° 314 for $48.50 and check N° 485 for $465.12
= $9,900.50 + $,315.80 - $48.50 - $465.12 = $10,702.68
now we start with the checkbook balance: $9,512.88
we add: the note collected for $1,200
we must subtract: processing fees = $0.15 x 68 checks = $10.20
= $9,512.88 + $1,200 - $10.20 = $10,702.68
bank balance = checkbook balance
$10,702.68 = $10,702.68
Answer:
The firm's cost of common stock is 13%
Explanation:
Use the following CAPM formula to calculate the cost of common stock
Cost of common stock = Risk free rate + beta x ( Market return - Risk free rate )
Where
Risk free rate = 5.5%
Market return = 11.50%
Beta = 1.25
Placing values in the formula
Cost of common stock = 5.5% + 1.25 x ( 11.50% - 5.5% )
Cost of common stock = 13%
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Answer:
Cash provided by the financing activities $3,600
Explanation:
The computation of the cash flows from financing activities is as follows;
Cash flows from financing activities
Additional short-term borrowings $20,000
Less cash dividend paid -$16,400
Cash provided by the financing activities $3,600
The purchase of short term stock should be shown in the investing activities while on the other hand the interest paid is to be shown in the operating activities
