Answer: $26,000
Explanation: Retained earnings could be defined as that portion of a company's earnings that hasn't been distributed to shareholders as dividends. It is reserved as working capital, clear outstanding liabilities and general running of the business.
Retained Earning is calculated using the formula :
Retained Earning (RE) = beginning retained earning + Net income - dividend
Since the company just started (1st month), there was no previous retained earning.
Therefore,
RE = Net income - dividend
RE = $30,000 - $4,000 = $26,000
Answer:
b. $55,000
Explanation:
The movement in the dividend payable account which represents the difference between the payable opening an closing balances. This difference is due to dividend paid during the year as well as dividend declared and can be shown by the equation below.
Opening balance + Declared dividend - dividend paid = closing dividend
$20,000 + $60,000 -dividend paid = $25,000
Dividend paid = $20,000 + $60,000 - $25,000
= $55,000
E a trade name because Walmart is a legal trade name of the corporation
Answer:
a geometric shapes such as the a pyramid
The Initial value of debt is $111.11 million.
Value of unlevered equity = ($100 million+ $150 million + $191 million)/3 / 1.05
Value of unlevered equity = $147 miliion / 1.05
Value of unlevered equity = $140 million.
Since the corporation have has zero-coupon debt with a $125 million face value, this means If the firm has a value of $100 million, all of it is from the debt value,
Initial value of debt = ($100 million + $125 million + $125 million)/3 / 1.05
Initial value of debt = $111.11 million.
The Initial value of equity = Value of unlevered equity - Initial value of debt
The Initial value of equity = $140 million - $111.11 million
The Initial value of equity = $29 million
Hence, the Initial value of debt is $111.11 million.
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