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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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It is basically to help build a postitive image for your business you are running or trying to create

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Xyz company is a low-cost provider. xyz is most susceptible to
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Using real GDP to compare the level of economic well-being in two countries may be misleading because the value of ______ contri
julsineya [31]

Answer:

The correct answer is letter "C": leisure.

Explanation:

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7 0
3 years ago
Jamie is 42 years old and received a $20,000 distribution for his roth ira established in 2009. at the time of distribution, the
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3 0
4 years ago
Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt–equity ratio o
algol13

Answer:

A. $516,000

B. $696,600

Explanation:

A. Calculation to to determine the value of the Company's equity

First step is to calculate the Net income

Sales1,540,000

Less: Cost of goods sold790,000

Less: General and administrative costs525,000

Less: Interest expenses53,000

Income before corporate tax 172,000

Less: Corporate tax 40% 68,800

(40%*172,000)

Net income103,200

(172,000-68,800)

Now let determine the value of the Company's equity using this formula

Value of the Company's equity

= Net income/ cost of the firm’s levered equity

Let plug in the formula

Value of the Company's equity = $103,200/0.20

Value of the Company's equity = $516,000

Therefore The Value of the Company's equity is $516,000

B. Calculation to determine the total value of Company equity

First step is to calculate the Debt

Debt equity Ratio = 0.35

Debt/Equity = 0.35

Debt/ $516,000 = 0.35

Debt = $516,000 * 0.35

Debt =$180,600

Now let determine The Company’s value using this formula

Company’s Total value = Equity + Debt

Let plug in the formula

Company’s Total value = $516,000 + $180,600

Company’s Total value = $696,600

Therefore the total value of Company equity is $696,600

7 0
3 years ago
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