Answer:
$14.50
Explanation:
Given;
Charge for first 2 hours = $5.00 and
$0.75 for each additional half hour or part thereof.
If he parks his car for 8 hours, then the first 2 hours will be charged at a rate of $5.00
Time left to charge is 6 hours. This will be charged at a rate of $0.75
Therefore cost to Sam for parking his car for 8 hours
= (2 × $5) + (6 × $0.75)
= $10 + $4.50
= $14.50
Sam paid $14.50 for parking.
Answer:
Liability
Explanation:
The city classify the proceeds from the note as a Liability if it were to prepare governmental-type fund financial statements on March 31.
Liabilities:
These are the debts which company has to pay. If company has liabilities it means company has to pay to some other entity/supplier or someone for its debts. It includes loans,account payable and many other accounts in financial statement.
In our case company has borrowed $800,000 in January and will repay in May after taxes are collected. If city has to prepare the financial statement before May then this $800,000 will be the liability in the statement.
Answer:
The correct option is a.
Explanation:
In the question, it is given that there are two firms namely U and L who has same same amounts of assets, investor supplied material, and Return on investor capital.
The Firm U is unleveraged which has 100% equity
whereas, Firm L is leveraged firm which has 50% debt and 50% equity
As we have to compare these two firms based on return on equity.
So, based on ROE, Firm U has 100% equity so it have more equity
And, the Firm L have 50% equity which means the firm has low equity as 50% contribution is gone to the debt.
The rest information which is given in the question is irrelevant. So, it is ignored.
Thus, the Firm L has a lower ROE than Firm U
Hence, the correct option is a.
