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koban [17]
3 years ago
11

Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $47,600

Costs 35,600 Taxable income $12,000 Taxes (25%) 3,000 Net income $9,000 Dividends $3,000 Addition to retained earnings 6,000 The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. HEIR JORDAN CORPORATIONBalance SheetAssets Liabilities and Ownersâ EquityCurrent assets Current liabilitiesCash $2,050 Accounts payable $2,400 Accounts receivable 4,700 Notes payable 4,500 Inventory 6,400 Total $6,900 Total $13,150 Long-term debt $25,000 Ownersâ equity Fixed assets Common stock and paid-in surplus $15,000 Net plant and equipment $36,000 Retained earnings 2,250 Total $17,250 Total assets $49,150 Total liabilities and ownersâ equity $49,150 Prepare a pro forma balance sheet, assuming an increase in sales of 13%, no new external debt or equity financing, and a constant payout ratio. Assets Liabilities and Owner's Equity Cash Accounts Payable Accounts Recievable Notes Payable Inventory Total Total: Long-term Debt Owners Equity Fixed Assets Common stock and paid-in surplus Net Plants and Equipment Retained Earnings Total Total Assets Total Liabilities and Owners Equity Calculate the EFN.
Business
1 answer:
emmasim [6.3K]3 years ago
8 0

Answer:

i wil help u in a bit

Explanation:

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Organizational culture refers to: a. how a firm acquires, uses, and develops its various resources and capabilities. b. a set of
Amanda [17]

Answer:

d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.

Explanation:

8 0
2 years ago
A decrease in the price of eggs will result in
deff fn [24]
Well i guess there arent any options...but it wold most likely result in more people buying them but in a negative light paying people who get them less and the supplies they need to do so overall harder to get, but with more people buying a demand for it would be higher, and you can take what you want out of my answer i could go on for a while
3 0
2 years ago
2. What are the main costs associated with higher education? Why might the financial burden of college actually be economically
julsineya [31]

The major expenses or costs that are associated with higher education are tuition and fees, books and suppliers, room and board, personal expenses, and transportation.

<h3>What do you mean by costs?</h3>

Costs refer to the price paid for acquiring, producing, or maintaining something.

The major costs associated with education are books and suppliers, tuition and fees, room and board, and transportation.

Growing demand, rising financial aid, and exploding costs of administrators are the reasons that led to the increase in college costs.

The financial burden of college will be worthwhile having higher lifetime earnings, indirect financial benefits jobs, etc.

Learn more about Costs here:

brainly.com/question/15135554

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4 0
2 years ago
A common feature of skiing is waiting in lift lines.
pychu [463]

Answer:

The price should be increased to achieve a balance between supply and demand.

Explanation:

If visitors have to wait long for lift, this suggests that the demand is not matching the supply. In fact demand seems to be higher than supply which causes long wait for lift. An increase in price will cause the demand to fall and hence the supply will meet the demand and would result in less waiting for lifts.

4 0
3 years ago
Your annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you 6 months' salary now. Opt
kotegsom [21]

Answer:

Option 1 is more convenient.

Explanation:

Giving the following information:

The annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you 6 months' salary now. Option 2 pays you and your heirs $6,000 per year forever

The present value of option 1 is:

PV= 6*100,000= $600,000

To calculate the present value of option 2 we need to use the present value formula of a perpetual annuity:

PV= Cash flow/i

PV= 6,000/0.11= $54,545

There is no doubt that option 1 is better.

7 0
3 years ago
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