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Kitty [74]
3 years ago
13

Golden Enterprises started the year with the following: Assets $111,000; Liabilities $39,000; Common Stock $69,000; Retained Ear

nings $3,000. During the year, the company earned revenue of $5,900, all of which was received in cash, and incurred expenses of $3,450, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,900 to owners. Assume no other activities occurred during the year. The amount of Golden's assets at the end of the year is:
Business
1 answer:
lara31 [8.8K]3 years ago
7 0

Answer:

$115,000

Explanation:

Ending assets= assets at the start of the year + revenue - dividend

Asset at the start of the year= $111,000

Revenue= $5,900

Dividend= $1,900

Therefore the amount of Golden assets at the end of the year can be calculated as follows

= $111,000 + $5,900-$1,900

= $116,900-$1,900

= $115,000

Hence the amount of Golden assets at the end of the year is $115,000

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Answer:

$8,400

Explanation:

total commission = $300,000 x 8% = $24,000

50% co-brokerage split = $24,000 x 50% = $12,000

Walt's commission = $12,000 x 70% = $8,400

the 70% commission split between Walt and his broker means that Walt keeps 70% of the commission and the broker keeps 30%.

total commission is split between the two firms because the Walt's listing was sold by another firm.

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CAPM and Valuation. You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year for
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Answer:

The value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places

Explanation:

We first need to calculate the required rate of return for this firm that will be used as the discount rate in the valuation of the firm using the discounted cash flow methods.

Using the CAPM we can calculate the required rate of return as,

r = rRF + Beta * (rM - rRF)

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r = 0.04 + 0.4 * (0.11 - 0.04)

r = 0.068 or 6.8%

As the cash flows the firm can generate are expected to remain constant through out and they are generated after equal interval of time, this can be treated as a perpetuity.

The present value of a perpetuity is calculated as follows,

Present Value of perpetuity = Cash Flow / r

Present value of perpetuity = 10000 / 0.068

Present value of perpetuity = $147058.8235

So, the value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places

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Answer:

independent contractor

I hope it helps.

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