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Strike441 [17]
3 years ago
8

Four years ago, Velvet Purses purchased a mailing machine at a cost of $154808. This equipment is currently valued at $25955 on

today's balance sheet but could actually be sold for $1729. This is the only fixed asset the firm owns. Net working capital is $92535. and long term debt is $65077. What is the book value of shareholder's equity
Business
1 answer:
AVprozaik [17]3 years ago
5 0

Answer:

the book value of the shareholder equity is $53,413

Explanation:

The computation of the book value of the shareholder equity is shown below;

Book value of shareholders equity is

= Book value of mailing + net working capital - Long term debt

= $25,955 + $92,535  $65,077

= $53,413

Hence, the book value of the shareholder equity is $53,413

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Held-to-maturity securities a.are reported at fair value. b.include equity securities. c.are not intended to be held until the m
Hitman42 [59]

Answer:

The correct answer is option D,held-to-maturity securities  include corporate notes and bonds.

Explanation:

Held-to-maturity securities are normally debt instruments purchased with aim of keeping them till maturity so as to collect the principal amount invested as well as the related interests,since they are not held for short-term gains,they are not reported at fair values.

Securities held for short-term to be realized in short-term are reported at fair values

4 0
3 years ago
Youns Inc. reported the following results from last year’s operations: Sales $ 10,500,000 Variable expenses 6,610,000 Contributi
shusha [124]

Answer:

Combined turnover = $13,300,000.

Explanation:

The combined turnover is the sum  of the turnover for last year and the turnover after the investment opportunity is taken.

Combined turnover = turnover last year + turnover from the new investment opportunity.

=  10,500,000 + 2,800,000

= $13,300,000

7 0
4 years ago
The chase strategy involves A. matching the demand forecast exclusively through the use of overtime and undertime. B. maintainin
pishuonlain [190]

Answer:

C. hiring and laying off employees to match the demand forecast over the planning horizon.

Explanation:

Chase strategy is the strategy in which the demand of the market is looked upon. According to the strategy, the production is made according to the demand of the customer and the action is taken accordingly. By adopting this strategy, the saving in the costs is made. The industries in which the perishable items are made is very common.

6 0
3 years ago
Harris corporation produces a single product. last year, harris manufactured 27,970 units and sold 22,200 units. production cost
Dovator [93]

The Contribution Margin per unit (CM) can be calculated from the difference of Selling Price per unit (SP) and Total Expenses per unit (TE).

 

First, let’s calculate the value of SP:

SP = Sales / Units sold

SP = $1,043,400 / 22,200 units sold

SP = $47

 

Second, calculate all expenses:

Direct materials per unit = $234,948 / 27,970 units manufactured = $8.4

Direct labor per unit = $131,459 / 27,970 units manufactured = $4.7

Variable manufacturing overhead per unit = $240,542 / 27,970 units manufactured = $8.6

Variable selling expenses per unit = $113,220 / 22,200 units sold = $5.1

TE = $26.8

 

Therefore the CM is:

CM = SP – TE

CM = $47 - $26.8

CM = $20.2 per unit

6 0
3 years ago
Why is it necessary to include your family's income and tax information on<br> a fafsa application?
Assoli18 [71]
Answer Including your stepparent's information on the FAFSA form helps create an accurate picture of your family's total financial strength
8 0
2 years ago
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