PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELPPPPPPPPPPPP 20 pts

If houston company billed a client for $18,000 of consulting work completed , the accounts receivable asset increases by $18,000

Pavlova-9 [17]

The answer is

Revenues increases by 18000

7 0

3 years ago

South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $

drek231 [11]

Answer:

South Sea Baubles

1. Shareholders' equity in 2015 and 2016 = $300 and $260 respectively.

2. Net working capital in 2015 and 2016 = $25 and $110 respectively.

3. Taxes paid in 2016 = $84.

4. Cash provided by operations during 2016 = $666.

5. South Sea's gross investment in fixed assets = $100 ($105 - $95).

Explanation:

a) Data and Calculations:

BALANCE SHEET AT END OF YEAR (Figures in $ millions)

Assets 2015 2016

Current assets $ 105 $ 215

Net fixed assets 950 1,050

Total assets $1,055 $1,265

Current liabilities $ 80 $ 105

Long-term debt 675 900

Total liabilities $755 $1,005

Shareholders' equity $300 $260

Liabilities and Shareholders' Equity $1,055 $1,265

INCOME STATEMENT, 2016 (Figures in $ millions)

Revenue $ 2,025

Cost of goods sold 1,105

Gross profit $ 920

Depreciation 425

EBIT $495

Interest expense 255

Profit before taxes $240

Income taxes (35%) 84

Net Income $ 156

Cash provided by operations:

Net income = $156

Depreciation 425

Working capital:

Current assets 110

Current liabilities (25)

Net cash $666

8 0

3 years ago

When an organization ties formal succession plans to career paths for employees, it __________. Group of answer choices improves

stealth61 [152]

Answer:

It improves employee retention and performance motivation.

Explanation:

There are few factors that keep employee motivated and loyal toward organization. The basic factors are career path and monetary benefits that keep the energy flow in the employee.

A formal succession plan is a human resource management strategy for identifying the potential successor, it reduces the confusion for the organization and employee in the method of hiring and promotion. These strategies also keep an employee motivated, improve performance and retention in the organization as they find growth and security in the organization.

3 0

3 years ago

Chang Industries has 2,000 defective units of product that have already cost $14 each to produce. A salvage company will purchas

sleet_krkn [62]

Answer:

$20,000 income

Explanation:

Computation

Particulars Amount

Sale Value of corrected product= $42,000.00

(2,000 * 21)

Less : Costs of Correction = ($12,000.00)

(2000 * 6)

Less : Opportunity costs - Salvage Value Lost = ($10,000.00)

(2,000 * 5)

Incremental Revenue= $20,000.00

4 0

3 years ago

Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending sha

DerKrebs [107]

Solution and Explanation:

The total return is as follows:

Total return = (Closing price – opening price + dividend) / opening price

$=(\$ 58-\$ 65+\$ 1.45) / \$ 65$

= -8.54%

Therefore, the total return is -8.54%

b. Dividend yield is as follows;

Dividend yield = Dividend / opening price

= $1.45 divided by $65

= 2.23%

Therefore, the dividend yield is 2.23%

c. the capital gain yield is as follows;

Capital gain yield = (Closing price – opening price) / opening price

$=(\$ 58-\$ 65) / \$ 65$

= -10.77%

7 0

3 years ago