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ELEN [110]
3 years ago
7

Kenneth Clark, the CFO of Pharoah Automotive, Inc., is putting together this year's financial statements. He has gathered the fo

llowing balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $313,300, retained earnings of $512,159, inventory of $214,100, goodwill and other assets equal to $78,656, net plant and equipment of $713,000, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Pharoah Automotive have
Business
1 answer:
Vika [28.1K]3 years ago
5 0

Answer:

$171,421

Explanation:

According to the accounting equation the total assets are equal to the sum of total equity and total liability.

Asset = Equity + Liability

We have total assets of $1,181,252 and the sum of total equity and Liabilities is $1,009,831. The difference between these values will be the Long term debt of the company.

Long term debt = $1,181,252 - $1,009,831 = $171,421

Net plant and equipment $713,000

Goodwill & other assets   $78,656

Cash                                   $23,015

Accounts receivable         $141,258

Inventory                            $214,100

Other current assets         <u>$11,223    </u>

Total Assets                       <u>$1,181,252</u>

Common stock                  $313,300

Retained earnings             $512,159

Accounts payable             $163,257

Short-term notes payable <u>$21,115     </u>

Total Equity & Liability      <u>$1,009,831</u>

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What are the objectives of HRM?
lesantik [10]

Answer:

Explanation:

The primary objective of HRM is to ensure the availability of competent and willing workforce for an organization. Beyond this, there are other objectives too. Specifically, HRM objectives are four fold: Societal, Organization, Functional and personal

4 0
2 years ago
A firm has a weighted average cost of capital of 11.68 percent and a cost of equity of 15.5 percent. The debt-equity ratio is 0.
asambeis [7]

The firms Cost of Debt is 9.62%.

Data and Calculations:

Weighted average cost of capital = 11.68%

Cost of equity = 15.5%

Debt-Equity Ratio = 0.65

Without taxes, the firm's Weighted Cost of Debt (WACC) = WACC - Weighted Cost of Equity

= 11.68% - (15.5% (1 - 0.65)

= 11.68% - 5.425%

= 6.255%

Unweighted cost of debt = 6.255%/0.65

= 9.62%

Thus, the firm's cost of debt is 9.62% while the weighted cost of debt is 6.255%.

Learn more: brainly.com/question/23044852

6 0
2 years ago
You are looking at three different job options, one in Pennsylvania, one in Texas, and one in New York. The offers are as follow
tamaranim1 [39]

Answer:

Texas will be a better option as the net pay after income tax is higher than the other cities.

Explanation:

To consider the after-tax wages we must subtract the income taxes from the salaries:

Pennsylvania after tax income: 62,000 x (1-3.07%) = 60,096.6

Texas after tax income:                                                 64,000

New York after tax income:   68,000 x ( 1 - 6.85%) =  63,342

5 0
2 years ago
evaluate whether locating closer to raw materials is the most important factor when locating a business. if not what other facto
lutik1710 [3]

Answer:

The nature of the major raw material requires to produce the product of the business determines the level of importance attached to locating a business closer to raw materials.

Explanation:

The level of importance attached to locating a business closer to raw materials depends on the nature of the major raw material requires to produce the product of the business.

When the major raw material requires to produce the product of the business is a heavy raw material that cannot be easily transported, locating the business closer to the raw material will be the most important factor.

However, when the major raw material requires to produce the product of the business can be easily be transported, locating the business closer to raw materials will NOT be the most important factor. In this case, some of the other important factors to consider will include proximity to markets; availability of labour; water supply; availability of power, fuel or gas; waste products disposal facility and among others.

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3 years ago
To create the proper style for an argumentative essay, a writer should
spayn [35]

Answer:

<em>Provide clear statements</em>

<em>The government can pay for projects to create work</em>

Explanation:

3 0
2 years ago
Read 2 more answers
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