Can anyone please make me the brainest please

Colter Steel has $5,400,000 in assets. Temporary current assets $ 2,800,000 Permanent current assets 1,590,000 Fixed assets 1,01

Mademuasel [1]

Answer:

Explanation:

Long term Financing = Permanent Current Assets + Fixed Assets

Long term Financing = $1,590,000 + $1,010,000 = $2,600,000

Short Term Financing = Temporary Current Assets = $2,800,000

Long Term Interest Expense = $2,600,000 * 0.17 = $442,000

Short Term Interest Expense = $2,800,000 * 0.12 = $336,000

Total Interest Expense = $442,000 + $336,000 = $778,000

Earnings before Taxes = Earnings before Interest & Taxes - Interest Expense

Earnings before Taxes = $1,140,000 - $778,000 = $362,000

Earnings after Taxes = Earnings before Taxes * (1 – Tax rate)

Earnings after Taxes = $362,000 * (1 – 0.40) = $217,200

3 0

3 years ago

Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The curren

Dovator [93]

Answer:

Acid-test (quick) ratio=0.76642

Explanation:

Given Data:

Current Assets=$193,000

Current Liabilities=$137,000

Cash=$62,000

Accounts receivable=$43,000

Inventory=$88,000

Required:

Acid-test (quick) ratio=?

Solution:

Quick Assets=Cash+Accounts receivable

Quick Assets=$62,000+$43,000

Quick Assets=$105,000

Acid-test (quick) ratio=Quick Assets/Current Liabilities

Acid-test (quick) ratio=$105,000/$137,000

Acid-test (quick) ratio=0.76642

5 0

3 years ago

Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 180,000 shares issued, and 20,000 shares of treasury stock. At thi

son4ous [18]

Answer:

Enscoe Enterprises, Inc. (EEI):

a) Number of shares of stock outstanding is 160,000 shares (180,000 minus 20,000).

b) The book value per share = (value of common stock plus retained earnings) divided by outstanding shares

= $(400,000+ 240,000)/160,000 = $640,000/160,000 = $4 per share

c) The book value per share represents how the equity shares are valued in the company's accounting records. This may not be similar to the market value per share. The market value per share is determined by market sentiments, which cannot be historically accounted for as the book value is.

The book value per share can be compared to the market value per share to determine if a stock is overvalued or undervalued.

At liquidation, the book value per share represents what each shareholder would get if all the assets are sold and liabilities liquidated. But, the market value per share is what the investor gets if she sells the stock in the market without waiting for the company to be liquidated.

Explanation:

a) Treasury Stock is a contra account to the Common Stock. When stock is repurchased it reduces the issued shares by the number. It is only the outstanding stock that has equity interest in the entity.

b) The book value per value is the net worth of the company divided by the number of outstanding shares. It shows the net assets value per share. The net assets are the total assets minus the total liabilities. It is the same thing as Equity or the interests of equity stockholders in the company.

5 0

3 years ago

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expre

Marina CMI [18]

Answer: Joint Venture

Explanation:

Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.

Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.

7 0

3 years ago

An agent made written disclosure to his employing broker-dealer that he intends to execute a series of private securities transa

choli [55]

Answer:

C) is guilty of selling away

Explanation:

In the case when the securities are sold so the agents are prohibited from the transactions that are not recorded in the books of broker-dealer until there are authorized transactions in writing via the broker- dealer before to execution. If this cannot be happen so we called it as selling away

also the notification receipt would not be similar as the authorization

Therefore the option c is correct

3 0

3 years ago

Can anyone please make me the brainest please​

Can anyone please make me the brainest please