Answer:
Net income after adjustment $225,000
Explanation:
The various adjustments are effected below:
$ Note
Net income before adjustment 232,500
Depreciation (4,400) 1
Rental income 910 2
Supplies (310) 3
Fees earned <u> (3,700) </u> 4
Net income after adjustment <u>225,000</u>
Notes
1 Depreciation represents a consumption of asset hence it is an expense which reduces profit .So, it deducted
2. Rental income accrued implies income earned but not received. So we need to record it for the period it was earned, hence we add it.
3. Supplies used represents consumption of assets, i.e an expense. So, we deduct it from the income.
4. The income received in advance represents unearned income . This would be deducted from the net income
Answer and Explanation: From the given case/scenario, we can state that George is implementing <em>listening and responding strategy</em> in order to escalate and thus maintain his relationship with his wife Barbara. Here in this particular case , George tends to actively listen to whatever his wife Barbara is saying and then further effectively responds to it.
Answer:
$1,879,215.61
Explanation:
Given that,
EBIT = $320,000
Current cost of equity = 12.3%
Tax rate = 40 percent
Value of perpetual bonds = $936,000
Annual coupon rate = 6.5 percent at par
Value of the unlevered firm:
= [EBIT × (1 - Tax rate)] ÷ Current cost of equity
= [$320,000 × (1 - 0.4)] ÷ 0.123
= $192,000 ÷ 0.123
= $1,560,975.61
Value of the levered firm:
= Value of the unlevered firm + (Tax rate × Value of perpetual bonds)
= $1,560,975.61 + (0.34 × $936,000)
= $1,560,975.61 + $318,240
= $1,879,215.61
Answer:
Option C would be the correct answer.
Explanation:
In the given question, options are not mentioned. Please find the attachment of the complete query.
- IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent.
- Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.
Certain alternatives do not apply to the procedure outlined. But the option above would be correct.
