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blagie [28]
3 years ago
9

At December​ 31, 2018​, Salish Hardware owes $ 4 comma 800 on accounts​ payable, plus salaries payable of $ 5 comma 300 and inco

me tax payable of $ 6 comma 100. Salish Hardware also has $ 320 comma 000 of notes payable that require payment of a $ 26 comma 000 installment in 2019 and the remainder in later years. The notes payable also require an interest payment of $ 8 comma 600 on January​ 1, 2019. Report Salish ​Hardware's liabilities on its December​ 31, 2018​, classified balance sheet.
Business
1 answer:
Kipish [7]3 years ago
4 0
I’m sorry I honestly don’t know
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Am I beautiful please give a honest reply.​
attashe74 [19]

Answer:

ive never met you but your always pretty on th einside :3

Explanation:

8 0
3 years ago
Read 2 more answers
Base Industries lists inventory at $87,500 on the balance sheet. Included in this amount is the following: Goods that were purch
marishachu [46]

Answer:

The answer is: $78,930

Explanation:

The merchandise inventory account included a couple of records that are incorrect:

  1. Goods held on consignment belong to Western Company and shouldn't be included in the balance sheet (-$7,525).
  2. Goods that were purchased FOB destination will only belong to Base Industries when they are delivered. As long as they are in transit, the title of the goods belongs to the seller, so they also should be excluded form the balance sheet (-$1,045).

The correct balance of Merchandise Inventory account should be:

$87,500 - $7,525 - $1,045 = $78,930

6 0
3 years ago
Read 2 more answers
Best Bagels, Inc. (BB) currently has zero debt. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero gro
nevsk [136]

Answer:

b. 11,001; $28.85

Explanation:

EBIT $100,000

zero growth rate

Cost of equity (Re) 13%

tax rate 40%

20,000 common stocks outstanding at $23.08

they want to change from 100% equity to 45% debt and 55% equity

WACC = 10.4%

new value of operations $576,923

PP's value of operations = {$100,000 x (1 - 40%)} / WACC = $576,923

the new stock price should = $576,923 / 20,000 stocks = $28.84615

Stock price will be $28.846

approximately $259,615 / $28.846 = 8,999 stocks should be repurchased

number of stocks remaining after the repurchase = 20,000 - 8,999 = 11,001

total capitalization = $317,308 / 11,001 stocks = $28.84 ≈ $28.85 per stock

4 0
3 years ago
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $ 5 com
kumpel [21]

Answer:

5.34 months

Explanation:

Pay back period calculates how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

Payback period = amount invested / cash flows

$5000 / $ 935 = 5.34 months

I hope my answer helps you

7 0
3 years ago
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both c
Dmitry_Shevchenko [17]

Answer:

True

Explanation:

When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.

Cheers.

5 0
3 years ago
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