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Vika [28.1K]
3 years ago
14

Kolander Company has the following accounts and balances at the end of the​ year:

Business
1 answer:
Mrac [35]3 years ago
4 0

Answer:

The correct answer is $ 49,000. (which is not in options)

Explanation:

This problem requires us to calculate value of retain earning at the end of the year. We know that assets = equity + liabilities and equity = common stock + retain earning. Following this rule we can easily calculate amount of retain earning. Detail Calculation is given below.

Asset

Accounts Receivable $30,000

Land                            $42,000

Investments                  $7,000

Building                       $59,000

Cash and Equivalents $80,000

Equipment                   $64,500

Supplies                        $6,000

Total Asset                  $288,500

Less

Liability

Notes Payable               $59,000

Interest Payable             $5,500

Income Taxes Payable $10,000

Accounts Payable         $38,000

Total Liabilities             $112,500

Less

Equity

Common Stock               $127,000

Retain earning                $ 49,000

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Answer: The preparation phase

Explanation:

The preparation phase of data analysis is a phase where the Data analyst examines the information he got in order to carry out his or her job properly. One if the test he carries out that period is Duplicate testing, it is used to identify transactions with duplicate values in specified fields. It can quickly review files

5 0
2 years ago
A company earned $7,605 in net income for October. Its net sales for October were $19,500. Its profit margin is:
vivado [14]

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Explanation:

From the question, we are informed that company earned $7,605 in net income for October and that its net sales for October were $19,500.

To calculate its profit margin, we have to divide the net income by the net sales. This will be:

= 7605/19500

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3 0
3 years ago
Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
SSSSS [86.1K]

The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

<h3>What is the cost?</h3>

A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.

Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.

Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.

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6 0
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A company forecasts growth of 6 percent for the next five years and 3 percent thereafter. Given last year's free cash flow was $
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Answer:

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Explanation:

The computation of the horizontal value is shown below:

FCF1 = (100 × 1.06) = 106

FCF2  = (106 × 1.06) = 112.36

FCF3 = (112.36 × 1.06) = 119.1016

FCF4  = (119.1016 × 1.06) = 126.247696

FCF5  = (126.247696 × 1.06) = 133.8225578

Now

Horizon value is

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= 133.8225578 ÷ (0.08  - 0.03)

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Hence, the correct option is d.

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3 0
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