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andrew11 [14]
2 years ago
15

When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should:?

Business
1 answer:
Akimi4 [234]2 years ago
3 0
When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should increase the initial project cost by dividing that cost by (1-0.068). The flotation cost is the cost which emerge when a corporation gather its fund by issuing new securities. Underwriting fees, legal fees, registration fees are the common fees that will increase corporate's expense when they issue securities. Therefore, we can consider those fees as a flotation cost.
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Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H
AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0
3 years ago
Presented here are liability items for Skysong, Inc. at December 31, 2017. Accounts payable $298,300 FICA taxes payable $14,820
lord [1]

Answer:

Explanation:

The preparation of the liabilities section of Skysong's balance sheet is shown  below:

                                          Skysong, Inc.

                                    Partial Balance Sheet

                                       December 31, 2017

Liabilities

Current Liabilities

Accounts payable                         $298,300

FICA taxes payable                      $14,820

Notes payable (due May 1, 2018) $38,000

Interest payable                             $76,000

Unearned rent revenue                 $456,000

Income taxes payable                    $6,650

Sales taxes payable                       $3,230

Total Current Liabilities                                          $893,000

Non - Current Liabilities

Bonds payable (due 2021)             $1,710,000

Notes payable (due 2019)              $152,000

Discount on bonds payable           $77,900

Total Non -Current Liabilities                                 $1,939,900

Total liabilities                                                          $2832,900

7 0
3 years ago
Prepare journal entries to record each of the following four separate issuances of stock. A corporation issued 7,000 shares of $
marysya [2.9K]

Answer:

The Journal entries are as follows:

(i) cash  A/c           Dr. $84,000

To Common stock, $10 par value      $70,000

To Paid-in capital in excess of par value, Common stock   $14,000

(To record the  issuance of stock)

(ii) Organization expenses  A/c           Dr. $55,000

To Common stock, $2 stated value                                    $7,000

To Paid-in capital in excess of stated value, Common stock   $48,000

(To record the  issuance of stock)

(iii) Organization expenses A/c    Dr. $55,000

To Common stock, no-par value                       $55,000

(To record the  issuance of stock)

(iv) Cash A/c                    Dr. $142,500

To Preferred stock, $50 par value[1,750 × $50)                  $87,500

To Paid-in capital in excess of par value, preferred stock  $55,000

(To record the  issuance of stock)

3 0
3 years ago
Read the sentence. French women influenced Enlightenment intellectuals, government officials, and the wealthy middle class by ho
Musya8 [376]

Answer:

Salon

Explanation:

A salon is a group of personalities beneath one rooftop of an inspirational host, endured partially to tickle one another also slightly to improve the flavor and enhance the learning of the cooperators throughout the communication. Salons in the custom of the French literary including philosophical movements from the 17th and 18th centuries were moved on until as freshly as the 1920s in urban surroundings.

7 0
3 years ago
Genève is a member of the board of directors and the chief financial officer of the corporation. Under the duty of care that sh
loris [4]

Answer:  

The correct answer is c."oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services."

Explanation:  

The chief financial officer is the person in charge of the financial administration of the organization, their tasks are focused on planning, implementing and analyzing the financial information of the company. Therefore, a chief financial officer like Genevieve does not get involved in activities such as ordering merchandise and arranging for janitorial services.

3 0
2 years ago
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