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3 years ago

14

ABC Bank requires a 20% down payment on all of its home loans. If a house is priced at $165,000, What is the amount of the down

payment required by the bank?
A. $330,000
B. $33,000
C. $82,500
D. $29,000

2 answers:

nalin [4]3 years ago

7 0

The answer is 33,000

ella [17]3 years ago

3 0

The answer to your question is going to be D: 29,000

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Wolfgang Electricals estimates that the company takes 31 days on average to pay off its suppliers. It also knows that it has day

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Answer:

57 days

Explanation:

The computation of the cash conversion cycle is shown below:

The cash conversion cycle = Days inventory outstanding + days sale outstanding - days payable outstanding

= 54 days + 34 days - 31 days

= 57 days

Hence, the cash conversion cycle is 57 days

We simply added the days' sales in inventory and days sales' outstanding and deduct the days payable outstanding so that the cash conversion cycle could come

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You were hired as a consultant to restructure operating capital. The recommended goal is for the firm to have a capital structur

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Answer:

The WACC is 8.66%

Explanation:

The WACC or weighted average cost of capital is the cost to firm of its capital structure which can have 3 components namely debt, preferred stock and common stock. We take the weighted average of these components and their respective costs to calculate WACC. Furthermore, we take the after tax cost of debt for WACC calculation and that is why we multiply the cost of debt by (1-tax rate).

WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE

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4 years ago

Suppose Piranha sells 3,500 books on account for $17 each (cost of these books is $35,700) on October 10, 2018 to The Textbook S

Natali5045456 [20]

Answer:

1. 10 Oct 2018 Inventory $59500 Dr

Accounts Payable $59500 Cr

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Explanation:

1. The Textbook store is purchasing the books at $17 per book and in total 3500 books are purchased on credit. So, we debit the inventory account by 59500 (3500 * 17) and credit the Accounts Payable by 59500.

2. This transaction relates to Purchases return which in this case is our inventory of books. Textbook store will record this transaction in its books by debiting the Accounts Payable account by the value of the books returned 1700 (170* 100) and credit its inventory by 1700. The last line pertains to total estimation of sales returns by Piranha so we do not need to consider that while preparing transactions in Textbook store's books.

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3 years ago

A company factored $40,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this trans

bezimeni [28]

Answer:

Correct answer is B, Debit cash $38,800, debit factoring fee expense $1,200 and a credit of Accounts receivable of $40,000

Explanation:

Factoring is one way to raise fund for immediate use of the company. It is a way to sell accounts receivable of the company. The above-mentioned problem is to sell accounts receivable (factored) with the corresponding factoring fee of 3% and that is $1,200 (40,000 x 3%). In effect of this fee, the company will receive cash less than the amount of its accounts receivable sold. The company will record the inflow of cash at $38,800 (40,000 - 3%) and will also recognize an expense incurred during the factoring in the amount of $1,200 and finally will credit the sold accounts receivable in the amount of $40,000.

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3 years ago

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Answer:

cost of goods manufactured= $356,200

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

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cost of goods manufactured= $356,200

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3 years ago