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3 years ago

Genesis company buys equipment for $900 machine on credit. this transaction will immediately affect the

1 answer:

soldier1979 [14.2K]3 years ago

4 0

Balance Sheet
This type of accounting reports gets its name from the way that the two sides of the condition above resources on the one side and liabilities in addition to investors' value on the other must offset. This is instinctive: an organisation needs to pay for every one of the things it claims (resources) by either acquiring cash (going up against liabilities) or taking it from financial specialists (issuing investors' value).

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Fein Company provided the following information relating to cash payments:

BlackZzzverrR [31]

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries $3,230

From August salaries $31,860

Total salaries $35,090

Direct materials:

From July purchases $61,600

From August purchases $14,600

Total direct materials $76,200

Overhead expenses: $64,850

Debt payments:

Principal $15,000

Accrued interests $450

Total debt payment $15,450

Total cash payments $191,590

6 0

3 years ago

Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose th

laiz [17]

Answer:

Results are below.

Explanation:

First, we need to calculate the currently employed people and the unemployment rate:

Employed people= 100,000,000 - 6,000,000= 94,000,000

Unemployment rate= unemployed people / labor force

Unemployment rate= 6,000,000 / 100,000,000

Unemployment rate= 0.06= 6%

Now, the newly employed people and the unemployment rate:

Employed people= 94,000,000 + 300,000 - 200,000

Employed people= 94,100,000

Unemployment rate= 5,900,000 / 100,000,000

Unemployment rate= 0.059 = 5.9%

6 0

3 years ago

At the beginning of April, Warren Corporation's assets totaled $257,000 and liabilities totaled $77,000. During April the follow

g100num [7]

Answer:

Total liabilities is $170,500

Explanation:

Warren's total liabilities at end of April comprises of the beginning balance of liabilities of $77,000 plus the notes payable signed in respect of the building acquired in the course of the year,the computation is shown below:

Beginning balance of liabilities $77,000

Notes payable $93,500

Total liabilities $170,500

The notes signed by employee of $11,700 is notes receivable as the employee is owing the company and should be classified as notes payable ,but notes receivable instead, an asset.

3 0

3 years ago

Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contra

7nadin3 [17]

Answer: B - City administrator

Explanation: took the plato test

3 0

3 years ago

Frankenstein Electric has a capital structure that consists of 60 percent equity and 40 percent debt. The company's long-term bo

Alexeev081 [22]

Answer:

Kd = 7%

Ke = D1 + g

Po(1 - FC)

Ke = $2 + 0.09

$40(1 - 0.15)

Ke = $2 + 0.09

$34

Ke = 0.1488 = 14.88%

WACC = Ke(E/V) + Kd(D/V)(1-T)

WACC = 14.88(60/100) + 7(40/100)(1 - 0.40)

WACC = 8.928 + 1.68

WACC = 10.6%

Explanation:

In this case before-tax cost of debt is given. Cost of equity is expected dividend divided by current market price after flotation cost plus growth rate. WACC is calculated as cost of equity multiplied by the proportion of equity in the capital structure plus after-tax cost of debt multiplied by proportion of debt in the capital structure.

8 0

3 years ago