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3 years ago

What is invigilation?

1 answer:

5 0

Your answer would be a. A theft investigation technique which involves the close supervision of the suspects during the examination period to prevent cheating

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Problem 2-16 Balance Sheet (LG2-1) Glen’s Tobacco Shop has total assets of $96.4 million. Fifty percent of these assets are fina

snow_lady [41]

Answer:

The balance for long-term debt and retained earnings on Glen’s Tobacco Shop’s balance sheet is $18.2 million and $27.8 million respectively

Explanation:

The computation is shown below:

Given that

Debt = 50% × Total Assets

= 50% × $96.4 million

= $48.20 million

As we know that

Total Debt = Current Liabilities + Long Term Debt

$48.20 million = $ 30.0 million + Long Term Debt

So, the long term debt is $18.2 million

Now,

Total Assets = Total Liabilities + Owner's Equity

where,

Total Assets = Long Term Debt + Current Liabilities + Common Stock and paid-in surplus + Retained Earnings

$96.4 million = $18.2 million + $30.0 million + $20.4 million + retained earnings

So, the retained earnings is $27.8 million

7 0

3 years ago

The following information has been obtained from the Myers Corporation: 300,000 shares of common stock were outstanding on Janua

dlinn [17]

Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.

Data and Calculations:

Date of Issue No. of Share Weight Weighted-Average

Outstanding, Jan.1 300,000 12/12 300,000

February 1 48,000 11/12 44,000

August 1 (Treasury stock) (18,000) 5/12 (7,500)

Jan. 1 (Stock options) 50,000 12/12 50,000

Weighted average number 386,500

In calculating the weighted average number of shares, the weight of each share issuance is dependent on the number of months that it has remained outstanding.

Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.

Learn more: brainly.com/question/25749153

7 0

2 years ago

A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%

Drupady [299]

The cost of the bond at costing is $984.50.

A bond is a type of financial security in which the issuer (the debtor) owes the holder (the creditor) a debt and is obligated to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified period of time, depending on the terms.
Interest is usually paid at regular intervals (semiannual, annual, and less often at other periods).
As a result, a bond is a type of loan or IOU.
Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, current expenditures.

To determine the cost of the bond at costing:

$1,000 is the face value.
Multiply this by the closing rate to find the cost of the bond at closing.
$1,000 × .9845 = $984.50

Therefore, the cost of the bond at costing is $984.50.

Know more about bonds here:

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7 0

2 years ago

In the table above the output level where the price minus atc (average total cost) is a maximum (or least negative) is the maxim

Elan Coil [88]

In the table above the output level where the price minus atc (average total cost) is a maximum (or least negative) is the maximum profit position. this occurs at an output of four units.

3 0

3 years ago

A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash divi

Greeley [361]

Answer:

$395,000

Explanation:

A company has a beginning balance of $400,000

The company has a net income of $50,000

The company also declared and paid a cash dividend of $55,000

Therefore, the ending balance in the retained earnings can be calculated as follows

Beginning balance+ net income -Dividend paid

= $400,000+$50,000-$55,000

= $395,000

Hence the ending balance in the retained earnings is $395,000

4 0

3 years ago