Answer:
a) commonly agreed-upon professional accounting standards in the United States
Explanation:
According to the Generally Accepted Accounting Principles (GAAP) it consist of accounting principles, rules, procedures that are followed companies to companies so that there financial statements considered to be valid.
Here, in the given question the option A is correct as it is agreed for the professional accounting standard that shows the Generally Accepted Accounting Principles (GAAP)
Hence, the correct option is A.
Answer:
For every $1.00 spent in manufacturing, another $2.79 is added to the economy
Explanation:
hope this helps
Answer:
B. $106,000
Explanation:
Total budgeted manufacturing overhead for October = Budgeted variable manufacturing overhead + Budgeted fixed manufacturing overhead
Total budgeted manufacturing overhead for October = ($6.8 × 5,000 hours) + $72,000
Total budgeted manufacturing overhead for October = $106,000
Answer:
the number of shares that Brick should use to calculate Year 5 diluted earnings per share is 202,000 shares.
Explanation:
Diluted Earnings per share takes into account the potential voting rights in the calculation of the Weighted Average Number of Common Stocks Outstanding.
<u>Weighted Average Number of Common Stocks Outstanding Calculation :</u>
Outstanding at beginning of the Year 170,000
Issued May 1 : 30,000 × 8/12 20,000
Convertible cumulative preferred stock 12,000
Weighted Average Number of Common Stocks Outstanding 202,000
Answer:
Ford's weighted average cost of capital is 8.22 %
Explanation:
Weighted Average Cost of Capital (WACC) is the minimum return that the company expect from a project. It shows the risk of the company.
Calculation of WACC
WACC = Cost of equity + Cost of preferred stock + Cost of debt
Capital Source Market Values Weight Cost Total Cost
equity $ 7 billion 29.17% 13.6% 3.97 %
preferred stock $ 2 billion 8.33% 12% 1.00 %
debt $ 15 billion 62.50% 5.2 % 3.25%
Total $ 24 billion 8.22 %
Cost of equity = Risk free rate + Beta × Risk Premium
= 4% + 1.2 × 8%
= 13.6%
Cost of preferred stock = Dividend/Market Price
= $ 3/ $ 25 × 100
= 12%
Cost of debt = interest × (1- tax rate)
= 8% × (1-0.35)
= 5.2 %
