Answer:
$587,500
Explanation:
You are required to calculate the value of the levered firm;
vL = vU + Dt, whereby;
vL = Value of levered firm
vU = value of unlevered firm
Dt = debt * tax ; which is the tax shield
Find value of unlevered firm;
vU = [EBIT(1-tax) ]/ rE
     = [100,000(1-0.30)] / 0.16
     = 437,500
Value of levered firm; 
vL = 437,500 + (500,000*0.30)
    = 437,500 +150,000
    = $587,500
 
        
             
        
        
        
Answer:
The correct answer is 
b) Consent agreement signed by employees.
good luck ❤
 
        
             
        
        
        
Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company 
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
 
        
             
        
        
        
Answer:
 The amount of the adjusting entry for bad debts at December 31 is C. $91,000
Explanation:
Adjustment entry is made on changes on the amount of provision for doubtful debts.
Increase in amount of  provision for doubtful debts increases the expenses in income statement.
Decreases in amount of  provision for doubtful debts decreases the expenses in income statement.
Allowance for Doubtful Accounts Balance  $35,000 (cr)
Allowance during th year                             $126,000
Increase in Allowance                                   $ 91,000
$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement
 
        
             
        
        
        
Answer:
B
Explanation:
Original Cost -$120,000
Useful life -10 years
Residual Value - $20000
Annual depreciation - $(120,000-20000)/10 = $10,000
Accumulated depreciation for 4 years = 10*4= $40000
Book value at disposal = $120,000-$40000= $80000
Sales value = $35,000
Loss on disposal = $80,000-$35000= $45,000