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3 years ago

Beginning merchandise inventory would be found on the worksheet in the

Business

2 answers:

mars1129 [50]3 years ago

7 0

Answer: Debit column. Assets will always have a debit balance

Explanation:

inventory is an asset. assets increase on the debit side and decrease on the credit side. the opening (beginning) inventory balance represents an asset owned by the business, therefore inventory balance will be on the debit side/column

mrs_skeptik [129]3 years ago

6 0

<span>A. income statement debit column</span>

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Why are savings tools ideal for storing emergency savings? identify at least two reasons. (2 points?

Vinvika [58]

It’s secure and liquid. Hopes this helps!!!!!

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3 years ago

Based on market values, Gubler's Gym has an equity multiplier of 1.46 times. Shareholders require a return of 10.91 percent on t

rewona [7]

Answer:

The answer is "5.4% and 15,23,500".

Explanation:

Calculating the capital cost:

$=(1-\frac{1}{1.46})\times 10.91\% \times (1-39\%)+(\frac{1}{1.46})\times 4.84\% \\\\=(\frac{1.46-1}{1.46})\times \frac{10.91}{100} \times (\frac{100-39}{100})+(\frac{1}{1.46})\times \frac{4.84}{100} \\\\ =(\frac{0.46}{1.46})\times \frac{10.91}{100} \times (\frac{61}{100})+(\frac{1}{1.46})\times \frac{4.84}{100} \\\\=\frac{306.1346}{14600}+\frac{4.84}{146} \\\\= 0.021+0.033 \\\\ =0.054\\\\= 5.4\%$

Maximum amount to be spent

$=\frac{277,000\times 100 }{5.4} \times (1-\frac{1}{(1.054)^7})\\\\=\frac{277,000\times 100 }{5.4} \times (1-\frac{1}{1.44})\\\\=\frac{277,000\times 100 }{5.4} \times (1-0.7)\\\\=277,000 \times 100\times 0.055\\\\=\$15,23,500\\$

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2 years ago

Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of C

antiseptic1488 [7]

Answer:

A) Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

Explanation:

Xuechen signed a three year employment contract which she breached after a short time by quitting her job. The non competition agreement that she signed required her not to work as a chef for another restaurant, but since she is working as a manager, then she didn't breach that contract.

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3 years ago

Read 2 more answers

The purpose of the Splish Brothers Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated

Ber [7]

Answer: Please refer to Explanation.

Explanation:

Your question was incomplete so I attached the missing details.

The Carrying Amount of the Division has to be ascertained to move forward as it is needed in calculating the loss on Impairment. It is calculated by subtracting Goodwill from the Net Assets.

= 496 - 214

= $282 million

Calculating the Loss on impairment is done by the following formula,

= Market Price - Carrying Amount of the Division (net of Goodwill) - carrying value of Goodwill

= 335 - 282 - 214

= -$161 million.

Journal Entry

DR Loss on Impairment $161 million

CR Goodwill $161 million

(To record the loss on Impairment)

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3 years ago

Convertible bondsa. have priority over other indebtedness.b. are usually secured by a first or second mortgage.c. pay interest o

zmey [24]

Answer:

d. may be exchanged for equity securities.

Explanation:

Convertible bonds

It is a debt security , which is fixed and which yields the interest payments , but it can be converted to a predetermined number of the equity shares or common stock .

The bond to stock conversion can be done at a number of times during the life of the bond .

These bonds are mostly issued by the companies which have low credit ratings and have potential of higher growth .

4 0

3 years ago