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otez555 [7]
3 years ago
11

You own 25 percent of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all-e

quity firm. The other shareholders have agreed to have the firm borrow $1.5 million to purchase your 1,000 shares of stock. What is the total value of this firm today if you ignore taxes
Business
1 answer:
Akimi4 [234]3 years ago
3 0

Answer:

$6 million

Explanation:

If 25% of the firm is worth $1.5 million, then 100% of the firm will be worth $6 million (= $1.5 million x 4).

This is an all equity firm, which means it has no liabilities, and it is also a closely held corporation which makes it harder for a stockholder to sell his/her shares. Basically the fair value of the 1,000 shares is the money you can get from your fellow shareholders.

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Why might Joel want a shorter auto loan term?
Mashutka [201]
The total cost of the lone will be lower
6 0
3 years ago
A special arrangement of machinery and equipment to focus on production of a single product or group of related​ products" descr
ratelena [41]

Answer:

C.

Explanation:

Is a temporary assembly-line-oriented arrangement of machines and personnel in what is ordinarily a process-oriented facility.

Workcells are designed to improve the process flow and eliminating waste.

Characteristics:

- Reorganizes people and machines into groups to focus on single products or product groups.

- Group technology identifies products that have similar characteristics for particular cells.

- Volume must justify cells.

- Cells can be reconfigured as designs or volume changes.

Requirements:

- Identification of families of products.

- A high level of training and flexibility on the part of employees.

- Either staff support or flexible, imaginative employees to establish work cells initially.

4 0
3 years ago
Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $16,000 cash, inventory
ololo11 [35]

Answer: The answer is as follows:

Explanation:

Given that,

Cash = $16,000

Inventory = $16,000 fair value (inside basis $8,000)

Accounts receivable with a fair value = $8,000 (inside basis of $12,000) to Daniela

Daniela's basis = $20,000

JRD basis = cash + inventory + accounts receivables

                = 16,000 +  2,000 + 2,000

                =$20,000

Out of $20,000,

Pending amount for inventory and accounts receivable allocation:

= JRD basis - Cash basis

= $20,000 - $16,000

= $4,000

This pending amount is allocated equally among the inventory and accounts receivable i.e, $2,000 is allocated to inventory and $2,000 is allocated to accounts receivable.

8 0
3 years ago
If you were the President of the United States, what are some of the changes you would make?
k0ka [10]

I'll do minor things which will cause hopefully no major damage…

id invite a priest, minister, and rabbi to stick around for the period. Might need them for spiritual advice. I might grant myself a pardon for any acts which seem unlawful during my 24 hour Presidency.

Sign an Executive Order designating the next day as a Federal Holiday.

Declare my house a National Monument.

Have plenty of autograph pictures printed at the White House by my 22nd hour in office to give to the museum adjacent to the National Monument. Such as sitting in the Oval Office, standing at the podium, sitting in the Cabinet room presiding over a meeting, waving from Marine One.

Allow my mom and dad to fly in Air Force One to wherever they want to go in my 24 hour Presidency, provided they get home by the 23rd hour. Appoint them as “honorary goodwill Ambassadors” with no pay. Maybe give each of them The Presidential Medal of Freedom. They're good parents and should be recognized for that. Parents deserve the best.

Get some souvenirs from the White House..like golf balls, M and M’s, face towels, mugs, maybe a Presidential Flag, Bomber Jacket with Presidential seal.

Put some monster truck wheels on the Presidential Limo. Drive it around the White House a couple times.

Invite a foreign leader or two for a state dinner. Because of time restrictions, I'll call Pizza Hut from the Oval Office for several pizzas, breadsticks, and sodas..and invite press to a free meal. Ill need as much positive coverage as possible for my 24 hours as President. I hope The Secret Service will cause a 30 minute delay, so the pizzas are free. ;-) Invite a couple celebrities to join the dinner who can make the night pleasant…like Larry the Cable Guy, the publisher of my memoirs, my nieces.

If the 24 hour Presidency falls on Saturday Night… have a cameo appearance on SNL with the actor chosen to impersonate me. If I'm short on time to appear physically, then a video appearance is cool.

Invite the Congressional Leadership and the Cabinet to the White House to meet a couple gym teachers from the local high school for about an hour. Let the teachers get the government back “into shape”. Minor exercises, like you give to the old people on cruise ships. It would be bad public relations if The President pro tempore of the Senate got a heart attack doing 20 pushups. Wouldn't want to be impeached in the 24 hour cycle.

Free medical checkup by the Surgeon General.

Sign into law a bill increasing the pension for former Presidents. Add secret service for life.

Thank God for the unique opportunity.

8 0
3 years ago
Read 2 more answers
(a) On July 1, Blue Spruce Co. sold merchandise on account to Waegelein Inc. for $17,300, terms 2/10, n/30. (b) On July 8, Waege
GarryVolchara [31]

Answer and Explanation:

The journal entries are shown below:

On July 1

Account receivable A/c Dr $17,300

         To Sales $17,300

(Being the goods are sold on credit)

On July 8

Sales return and allowance A/c Dr $4,000

          To Accounts receivable $4,000

(Being sales return is recorded)

On July 11

Cash  ($17,300 - $4,000) × 98%        $13,034

Sales discount  ($17,300 - $4,000) × 2% $266

       To Account receivable ($17,300 - $4,000) $13,300

(Being the cash received is recorded)

Only these three entries are recorded

5 0
3 years ago
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