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AysviL [449]
2 years ago
14

For each of the following accounts indicate the effects of a debit and a credit on the accounts and the normal balance of the ac

count.
1. Accounts Payable
2. Advertising Expense
3. Service Revenue
4. Accounts Receivable
5. Common Stock
6. Dividends
Business
1 answer:
dedylja [7]2 years ago
7 0

Answer:

1. Accounts Payable  - Debit reduces the balance, credit increases it. It normally has a credit balance

2. Advertising Expense  -  Debit increase it and credit reduces it. Itb normally has a debit balance

3. Service Revenue  - Debit reduces the balance, credit increases it. It normally has a credit balance

4. Accounts Receivable  - Debit increase it and credit reduces it. Itb normally has a debit balance

5. Common Stock  - Debit reduces the balance, credit increases it. It normally has a credit balance

6. Dividends - Debit increase it and credit reduces it. Itb normally has a debit balance

Explanation:

Assets and expenses normally have debit balances and are items in the balance sheet and income statement respectively. Revenue and liabilities normally have credit balances and are elements of the income statements and balance sheet respectively.

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What is the weighted average cost of capital (WACC) for ABC Limited which has the following capital structure? $5m of equity wit
katrin2010 [14]

The weighted average cost of capital (WACC) for ABC Limited is 12.63%

The weighted average cost of capital(WACC) of a firm is the average cost of finance incurred by the firm on all its sources of finance.

It is determined as the sum of the cost of each source of finance multiplied by their respective weights in the firm's capital structure.

By weights, I mean the percentage of funding each source contributes to the total finance available at the firm's disposal.

WACC=(weight of equity*cost of equity)+(weight of mezzanine finance*cost of mezzanine finance)+(weight of debt*cost of debt)

weight of equity=equity finance/total finance

cost of equity=15%

weight of mezzanine finance=mezzanine finance/total finance

cost of mezzanine finance=9.5%

weight of debt of finance=debt finance/total finance

total finance=$5m+$2m+$1m

total finance=$8m

WACC=($5/$8*15%)+($2/$8*9.5%)+($1/$8*7%)

WACC=12.63%

Find further guidance on weighted average cost of capital's computation in the link below:

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7 0
1 year ago
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Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

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