Where can you find books when you Tabe To another level of class like level A D M and E

What is money supply? A. the total amount of money invested into infrastructure B. the amount of money borrowed from a foreign c

djyliett [7]

THE ANSWER WOULD BE C.

5 0

4 years ago

Read 2 more answers

Which of the following is the best definition of a minimum payment on a credit card?

mixas84 [53]

B) The smallest payment that will keep a credit card holder in good standing with the lender

6 0

3 years ago

Westshore Diagnostics has 28,000 shares of common stock outstanding and the price is per share of $71 . The rate of return on th

babymother [125]

Answer :

Weighted average capital cost = 11.05%

Explanation :

As per the data given in the question,

(a) (b) (c = a × b)

Amount per share Bond price or share price Market value Weight (c/Total)

Debt $380,000 107% $406,600 13.45%

Preferred stock 6,900 $91 $627,900 20.77%

Common stock 28,000 $71 $1,988,000 65.77%

Total $3,022,500

Now the WACC is

Particulars Cost Weight Weighted cost

Debt 4.78% 13.45% 0.64%

Preferred stock 7.69% 20.77% 1.60%

Common stock 13.40% 65.77% 8.81%

WACC 11.05%

Working Notes:

Cost of debt = 7.84% × (1 - 39%)

= 4.78%

Cost of preferred stock = Dividend ÷ current price

=(7% × 100) ÷ 91

= 0.07692

= 7.69%

6 0

3 years ago

The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $7

cluponka [151]

Answer:

Adjusted cost of goods sold $ 375,000

Explanation:

Under-absorbed overhead = Actual overhead - Absorbed overhead

= 118,400- 112,000 = 6,400

Under-absorbed overhead= 6,400

Data:

Opening inventory 79,000

cost of goods sold 361,600

under absorbed overhead 6,400

closing inventory 72,000

The income statement would as follows:

$

Opening inventory 79,000

Add cost of goods sold 361,600

Add under absorbed overhead 6,400

less closing inventory <u> (72,000) </u>

Adjusted cost of goods <u>375,000 </u>

Note the under absorbed overhead implies that the cost of manufactured reported before the adjustment for the under-absorbed overhead is under cost and charged. To correct this the under absorbed overheard figure is added back.

6 0

3 years ago

Cash generated by the regular operations of a business; usually computed as net income plus or minus the effects of other curren

Oliga [24]

Cash generated by the regular operations of a business; usually computed as net income plus or minus the effects of other current assets and current liabilities on cash flows, plus noncash expenses deducted in arriving at net income, minus noncash revenues included, less certain gains and plus any losses that are included in the total proceeds received from sale of fixed assets is given below

Explanation:

Cash flows from operating activities show the net amount of cash received or disbursed during a given period for items that normally appear on the income statement. You can calculate these cash flows using either the direct or indirect method.
The direct method deducts from cash sales only those operating expenses that consumed cash. This method converts each item on the income statement directly to a cash basis.
Alternatively, the indirect method starts with accrual basis net income and indirectly adjusts net income for items that affected reported net income but did not involve cash.
The Statement of Financial Accounting Standards No. 95 encourages use of the direct method but permits use of the indirect method.
Whenever given a choice between the indirect and direct methods in similar situations, accountants choose the indirect method almost exclusively. The American Institute of Certified Public Accountants reports that approximately 98% of all companies choose the indirect method of cash flows.
The direct method converts each item on the income statement to a cash basis.
The indirect method adjusts net income (rather than adjusting individual items in the income statement) for (1) changes in current assets (other than cash) and current liabilities, and (2) items that were included in net income but did not affect cash.
The most common example of an operating expense that does not affect cash is depreciation expense.

5 0

3 years ago