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3 years ago

The following table contains financial information for Trumpeter Inc. before closing entries:

Business

1 answer:

Diano4ka-milaya [45]3 years ago

5 0

Answer:

Please see details below:

Explanation:

Net Income

Sales $29.700

Salaries Expenses -$4.900

Miscellaneous Expenses -$20.300

=================================

Net Income $4.500

Balance Sheets

Assets

Cash $12.200

Prepaid Rent $3.800

Equipment $66.600

Supplies $6.200

TOTAL ASSETS $88.800

Liabilities

Accounts Payable $4.200

TOTAL LIABILITIES $4.200

Equity

Common Stock $67.400

Retained Earnings $17.200

TOTAL EQUITY $84.600

Dividends $3.600

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As it relates to international trade, dumping: A. is defined as selling more goods than allowed by an import quota. B. constitut

amid [387]

Answer:

C. is the practice of selling goods in a foreign market at less than cost.

Explanation:

As it relates to international trade, dumping <u>is the practice of selling goods in a foreign market at less than cost</u>. Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market) or in order to gain some advantage over the other suppliers.

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3 years ago

Zoie makes 2 products from a common input. Each product may be sold at the split-off point or processed further. The following i

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Answer:

Zoie

The minimum amount the company should accept if Product 1 is sold at the split-off point is:

= $30,000.

Explanation:

a) Data and Calculations:

Product 1 Product 2

Allocated joint processing costs 21,200 35,700

Sales value at split-off point 38,100 19,200

Costs of further processing 17,000 19,900

Sales value after further processing 30,000 28,300

The minimum amount the company should accept if Product 1 is sold at the split-off point is $30,000.

b) Further processing of Product 1 does not make economic sense. Zoie should sell the product at split-off point at $38,100. Similarly, based on the facts provided, Product 2 hardly deserves further processing.

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3 years ago

You have the following data on The Home Depot, Inc. Market value of long-term debt: $20,888 million Market value of common stock

Phantasy [73]

Answer:

Expected rate of return on equity under the new capital structure is 9.75 %

Explanation:

given data

Market value of long-term debt = $20,888 million

Market value of common stock = $171,138 million

Beta = 1.04

Yield to maturity at 10 year t = 2.167%

Expected return on equity = 8.895%

Marginal tax rate t = 35%

solution

we get here cost of unlevered equity by the cost of levered equity formula that is

cost of levered equity = rSU + (rSU-rD) × (1-t) × (D÷S) .................1

here rSL is cost of levered equity and rSU is cost of unlevered equity and rD is before tax cost of debt and D is value of debt and S is value of equity.

put here value and we will get

8.895% = rSU + (rSU-2.167%) × (1-35%) × (20,888÷171,138)

solve it we get

rSU = 0.084005

cost of unlevered equity = 8.40 %

and

cost of levered equity for new capital structure will be

put here value in equation 1

cost of levered equity = 8.40 + (8.40-2.376%) × (1-35%) × ( 20 ÷ 80 )

cost of levered equity = 9.75 %

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4 years ago

Being ________ means knowing what computers can do and what they can't, knowing how they can benefit you and how they can harm y

USPshnik [31]

The answer to this question is "SAVVY" which also means practical knowledge. <span>Being SAVVY means knowing what computers can do, its functionalities, and what they can't, knowing how they can benefit the people especially the students and how they can harm you, knowing when you can solve computer problems and when you have to call for help.</span>

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3 years ago

The following information was taken from the records of Easter Corporation for the year ended December 31, 2019. Advertising exp

kirza4 [7]

Answer:

$162,520

Explanation:

As per the given question the solution of retained earnings is provided below:-

To reach at retained earning first we need to find out the total expenses and net income which are as follows:-

Total Expenses = Advertising Expense + Income Tax Expense + Rent Expense + Supplies Expense

= $40,000 + $26,000 + $23,400 + $33,800

= $123,200

now,

Net income = Revenue - Expenses

= $200,000 - $123,200

= $76,800

So, the Retained Earnings as of December 31, 2019 = Retained Earnings of January 1, 2019 + Net Income - Dividend

= $115,720 + $76,800 - $30,000

= $192,520 - $30,000

= $162,520

5 0

3 years ago