Answer and Explanation:
The Preparation of balance sheet is shown below:-
Balance Sheet
Current liability
Long term debt of Current portion $40,100,000
Long term liability
Notes payable $31,900,000
($40,100,000 - $8,200,000)
Total liabilities $72,000,000
So, to reach the total liabilities we simply add the long term debt of current portion with notes payable.
Answer:
The value of its common stock is $29.41
Explanation:
As the Dividend payment is for indefinite period of time, This is the perpetuity payment. The value of share can be determined by calculating the present value of perpetuity payment.
The formula for the present value of perpetuity is as follow
Present value of perpetuity = Cash flow / Required Rate of return
In this case the present value of perpetuity is the value of stock cash flows is The dividend payment.
Value of Stock = Dividend / Required Rate of return
Value of Stock = $2.5 / 8.5%
Value of Stock = $29.41
Answer:
Underpayment of estimated tax = $2,960
Explanation:
Please consider the following equations:
100% of $15,960 = $15,960
90% of $18,000 = $16,200
whichever is lower. i.e $15,960
Underpayment of estimated tax = $15,960 - $13,000 = $2,960
Answer:
No answer is correct.
If we use the values set by the IRS for 2019, the total travel costs deduction = $290.58.
If we use the 2018 value, the total travel costs deduction = $273.05
Explanation:
The new mileage reduction set by the IRS for 2019 is 58 cents (up from 54.5 cents) per mile. Since Jermaine had to travel 3 times during the year and drove for 167 miles, his total deduction should be:
- total travel costs deduction = 3 x 167 x $0.58 = $290.58
If we use the 2018 deduction rates, Jermaine's total travel deduction will be:
- total travel costs deduction = 3 x 167 x $0.545 = $273.05
Answer:
d. they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.
Explanation:
In the context of international trade, India, China, and the Philippines attract multibillion-dollar investments because: they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.
One of the major attractions of international trade is the exploitation of intellectual property and skills.
In China for example, research has shown that one major reasons why international trade grew was as a result of the number of Chinese workers, and the fact that they produced a sharp, sustained increase in productivity (that is, increased worker efficiency). Not to mention that the cost of labor was far cheaper than in America or Europe.
