Answer & Explanation:
Most balance sheets are arranged according to this equation:
Assets = Liabilities + Shareholders’ Equity
The equation above includes three broad buckets, or categories, of value which must be accounted for:
1. Assets
An asset is anything a company owns which holds some amount of quantifiable value, meaning that it could be liquidated and turned to cash. They are the goods and resources owned by the company.
Assets can be further broken down into current assets and noncurrent assets.
- Current assets are typically what a company expects to convert into cash within a year’s time, such as cash and cash equivalents, prepaid expenses, inventory, marketable securities, and accounts receivable.
- Noncurrent assets are long-term investments that a company does not expect to convert into cash in the short term, such as land, equipment, patents, trademarks, and intellectual property.
2. Liabilities
A liability is anything a company or organization owes to a debtor. This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable.
As with assets, liabilities can be classified as either current liabilities or noncurrent liabilities.
- Current liabilities are typically those due within one year, which may include accounts payable and other accrued expenses.
- Noncurrent liabilities are typically those that a company doesn’t expect to repay within one year. They are usually long-term obligations, such as leases, bonds payable, or loans.
3. Shareholders’ Equity
Shareholders’ equity refers generally to the net worth of a company, and reflects the amount of money that would be left over if all assets were sold and liabilities paid. Shareholders’ equity belongs to the shareholders, whether they be private or public owners.
Just as assets must equal liabilities plus shareholders’ equity, shareholders’ equity can be depicted by this equation:
Shareholders’ Equity = Assets - Liabilities
— Courtesy of Harvard Business School
I hope this helped! :)
You could be a coach of some sort or you could try to be a profesinal athlete or you could be a triner
Answer:
4.42% semiannually OR 8.84% annually
Explanation:
The actual return that an investor earn on a bond until its maturity is called the Yield to maturity. It is a long term return which is expressed in annual rate.
According to given data
Assuming the Face value of the Bond is $1,000
Coupon Payment = C = $1,000 x 9.4% = $94 annually = $47 semiannually
Price of the Bond = P = $1,000 x 105% = $1,050
Numbers of period = n = 15 years x 2 = 30 periods
Use Following Formula to calculate YTM
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $47 + ( $1,000 - $1,050 ) / 30 ] / [ ($1,000 + $1,050 ) / 2 ]
Yield to maturity = $45.33 / $1,025 = 0.0442
Yield to maturity = 4.42% semiannually OR 8.84% annually
Answer:
- Derek is an agent of Jonah
- Derek failed in his fiduciary duties to his principal
Explanation:
An a agent is someone that is appointed by a principal to take care of their interests. The agent's loyalty is to only his principal and he should not manipulate the relationship for personal gain.
In the given scenario Jonah appointed Derek to arrange for parasailing activity. So he is an agent to Jonah in this respect.
However Derek chooses an outfit called Wind Beneath My Wings where he is an owner, he put aside $600 instead of $350 for the reservation, and the company is unlicensed.
All these are violations of Derek's fiduciary duty. He put Jonah at risk for his own personal gain.
Answer:
$329 unfavorable
Explanation:
The fixed manufacturing overhead volume variance shows how much the actual production differs from the budgeted production.
Fixed manufacturing overhead volume variance is computed as;
= Actual output at budgeted rate - Budgeted fixed overhead
= (4,830 × $4.70) - ($4.70 × 4,900)
= $22,701 - $23030
= $329 unfavorable
Therefore, the overall fixed manufacturing volume variance for the month is $329 unfavorable
