Answer:
A. A balance sheet shows the total assets, liabilities, and owner's
equity at the end of the period
Explanation:
As we know that
The income statement recognized only the income earned and expenses incurred of an organization
While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity
So according to the given options, the option A is correct
hence, the rest of the options would be incorrect
Answer:
The insurance expense for the period is $ 510
Explanation:
The insurance premium paid in advance for 2 years period is $ 4,080 and debited to prepaid insurance
The monthly insurance expense for insurance would be $ 4,080/ 24 months
$ 4,080 / 24 = $ 170 per month
The period of benefit for the insurance is from October to December so it is 3 months.
the insurance expense for the period is $ 170 per month * 3 months = $ 510
Answer:
8.43 %
Explanation:
Weighted Average Cost of Capital (WAAC) is the Cost of long term permanent sources of finance. We consider WACC on the Market Weight of sources of Finance.
WACC = ke × E/V + kd × D/V
where,
ke = cost of equity
= 11.08 %
E/V = Market Weight of Equity
= 100 % - 34 %
= 0.66
kd = cost of debt
= interest × ( 1 - tax rate)
= 5.38 % × (1 - 0.39)
= 3.2818 %
D/V = Market Weight of Debt
= 0.34
Therefore,
WACC = 11.08 % × 0.66 + 3.2818 % × 0.34
= 8.43 %
True , it helps kids engage more because technology is a big thing now and it brings more attention to students
