A workout is also referred to as the conditioning phase of a training session
Answer:
Balance sheet
Inventory - Understatement by $11,600
Owners equity - Understatement by $11,600
Income statement
Cost of goods sold - Overstatement by $11,600
Net income - Understatement by $11,600
Explanation:
The movement in an inventory account which is the difference between the opening and ending balances is a function of the purchases and the sales during the period.
This is captured in the equation below
Opening balance + purchases - cost of goods sold = ending balance
Hence an understatement of the ending balance would result in an overstatement of the cost of goods sold thus an understatement of the net income (and owner's equity).
The understatement in closing inventory balance is
= $378,500 - $366,900
= $11,600.
A- you’re never too young to limit your spendings
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
Answer: 12.5%
Explanation:
Amount that will be raised with Equity = 65% * 5,700,000 = $3,705,000
This is more than the retained earnings so new equity will have to be issued at cost of 16%
Amount raised by debt = 35% * 5,700,000 = $1,995,000
Less than $2 million so cost of debt is 10%
WACC = cost of equity * weight of equity + weight of debt * cost of debt * ( 1 - tax rate)
= (16% * 65% ) + (35% * 10% * (1 - 40% tax))
= 12.5%
Based on the various costs paid at closing, the total amount that was paid was <u>d. $7,499.</u>
<h3>Commission paid to agent</h3>
= Cost of house x Commission
= 3% x 180,000
= $5,550
<h3>Total amount paid at closing</h3>
= Commission + Loan origination + Title insurance +Attorney fees + Appraisal cost + Recording fees
= 5,550 + 275 + 528 + 750 + 275 + 121
= $7,499
In conclusion, the total paid at closing is $7,499.
Find out more on closing costs at brainly.com/question/26133271.
