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larisa86 [58]
3 years ago
5

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300

Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common stock 4,200 Required: Use only the appropriate accounts to prepare an income statement.
Business
1 answer:
luda_lava [24]3 years ago
5 0

Answer:

Income Statement  

Sales  $7.500  

Salaries expense -$1.300  

Utilities expense -$1.100  

Net Income  5.100  

Explanation:

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A company is offering perpetual preferred stock (its dividend payments last forever) with a fixed annual dividend of $100. If yo
sukhopar [10]

Answer:

833.33

Explanation:

The fixed annual dividend is $100

The required rate of return on this investment is 12%

Therefore the value for each share can be calculated as follows

= 100/(12/100)

= 100/0.12

= 833.33

Hence the value for each share is 833.33

8 0
3 years ago
Which characteristics should a nurse focus on to become an effective transformational leader?
meriva

Effective communication is a critical component of successful transformational leadership in nursing.

Open, sincere communication is necessary for personnel to understand their responsibilities and the objectives they are working toward. A nurse leader's commitment to others, including the staff, families, and patients, demonstrates to others that she or he is not only in a leadership position for personal gain but also for the benefit of those being led.

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6 0
2 years ago
Which of these is critical information you should take into account when purchasing a new car? (5 points)
son4ous [18]

Answer:

reviews from reliable sources

Explanation:

you want to make sure that what you are buying is a good make and model and that others have not had issues with the car

5 0
3 years ago
Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 an
Reil [10]

Answer:

IRR =   12.92%

Explanation:

<em>The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero </em>

<em>If the IRR greater than the required rate of return , we accept the project for implementation  </em>

<em>If the IRR is less than that the required rate , we reject the project for implementation  </em>

A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?

Lets Calculate the IRR

<em>Step 1: Use the given discount rate of 10% and work out the NPV </em>

NPV = 9000× (1-1.10^(-4)/0.1) - 27,000 =1528.78

<em>Step 2 : Use discount rate of 20% and work out the NPV (20% is a trial figure) </em>

NPV = 9000× 1- 1.20^(-4)/0.2 - 27000 = -3701.38

<em>Step 3: calculate IRR </em>

<em>IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%</em>

IRR = 10% +  1528.78/(1528.78+3701.38)× (20-10)%= 0.12923

     = 0.129230153  × 100

IRR =   12.92%

3 0
3 years ago
A firm's capital structure does not affect its free cash flows as discussed in the text, because fcf reflects only operating cas
Anna [14]
The answer is, the above statement is "true".

Free cash flow (FCF) refers to a measure of an organization's money related performance, figured as working income short capital consumptions. FCF shows the money that an organization can produce subsequent to spending the cash required to keep up or extend its benefit base. FCF is critical on the grounds that it enables an organization to seek after circumstances that upgrade investor value.
8 0
3 years ago
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