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MariettaO [177]

2 years ago

5

Do you think that their economy will be strong when they have to write off debt from countries that have borrowed heavily from t

hem during the pandemic and who are involved in the BRI initiative?

1 answer:

Kobotan [32]2 years ago

7 0

Answer:

Yes

Explanation:

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Puffin Corporation makes a property distribution to its sole shareholder, Bonnie. The property distributed is a car (basis of $3

Svetllana [295]

Answer:

Puffin’s E & P after taking into account the distribution of the car is $6,000.

Explanation:

E & P will be decreased by the higher of the adjusted basis or the fair market value of the distributed property, net of any liabilities. The distribution losses will not be taken into consideration when determining E & P. Thus the current E & P of Puffin’s $30,000 is reduced by $24,000 ($30,000 basis of the car minus the liability amount). The remaining after the distribution current E & P will be $6,000.

Therefore, Puffin’s E & P after taking into account the distribution of the car is $6,000.

5 0

3 years ago

blondinia [14]

Answer:

Explanation:

From the given information, the ratio analysis for the year 2017 at OHARA Company can be computed as follows:

1. Working capital = Current (assets - liabilities)

Working capital = $458900 - $195500

Working capital = $263,400 (for 2017)

Given that the working capital for 2016 = $160,500

Thus, the % increase of 2017 over 2016 = 64.11% increase.

2. Current ratio = Current assets / Current liabilities

Current ratio = 458,900/195,500

Current ratio = 2.35 (for 2017)

Given that the Current ratio for 2016 = 1.65

Thus, the % increase of 2017 over 2016 = 42.43% increase

3. Free cash flows = Operating cash flows - Capital expenditure - dividends

Free cash flows = $190800 - $92000 - $31000

Free cash flows = $67,800

Given that the free cash flow for 2016 = $48,700

Thus, the % increase of 2017 over 2016 = 39.22%

4.

$Debt to assets ratio = \dfrac{Total \ debt} { total \ assets}$

Debt to assets ratio = 395,500/10,34,200

Debt to assets ratio = 38.24%

Given that the debt to assets ratio for 2016 = 31%

Thus, the % increase of 2017 over 2016 = 23.35%

5.

Earnings per share = $\dfrac{earnings \ available \ to \ equity \ shares}{weighted \ a verage \ equity \ shares}$

Earnings per share = $\dfrac{153100}{50000}$

Earnings per share = $3.06

Given that the earnings per share = $3.15

Thus, the % decrease of 2017 over 2016 = 2.86%

3 0

2 years ago

Tanner-UNF Corporation acquired as a long-term investment $170 million of 6% bonds, dated July 1, on July 1, 2013. Company manag

Neporo4naja [7]

Answer:

1) The Investment would be classified as Held-to-maturity securities

2) Journal Entries (in millions)

Debit Investment $170 Credit Bank $140 Credit Discount on investment $30

3) Debit Bank $5.1 Debit Discount on investment $0.5 Credit Interest Income $5.6

4) Debit Fair Value loss $20 Credit Investment $20

5) The investment will be reported at the fair value of $150,000

6) Debit Bank $120 Debit Discount on Investment $29.5 Loss on Investment $0.5 Credit Investment $150,000

Explanation:

Interest = investment * semiannual interest

6%/2 = 3%

8%/2 = 4%

Bank = $170,000,000*3% = $5,100,000

Interest income = $140,000,000*4%= $5,600,000

Fair Value $150

cost $170

Fair Value Loss = $20

4 0

3 years ago

Millet Grains Cooperative and Corn Cereals, Inc., discuss the terms of a contract for periodicdeliveries of corn. Millet Grains

Damm [24]

Answer:

C) a written contract.

Explanation:

There is a valid written contract between Millet Grains and Corn Cereal because two important things happened:

Millet Grains sent a fax to Corn Cereals with a summary of the bargaining process held by both organizations.
Once Millet Grains started to perform, Corn Cereals accepted the delivery of the goods.

UCC rules are relatively flexible between merchants and traders, and both companies classify as such. The fact that Corn Cereals received the fax from Millet and then received the goods is proof that a written and valid contract existed between them. It doesn't have to be signed by Corn Cereals to be enforceable, since they accepted it by receiving the goods.

6 0

3 years ago

Dawn, a young single mother, found a wallet with a large amount of money inside. she has found lost wallets in the past, too. pr

Serjik [45]

<span>The explination for Dawns behavior is motivated blindness. This is not just a defense of unethical behavior, it is a psychological explanation of how unethical behavior happens. In this scenario, it is when Dawn keeps the money instead of returning it.</span>

6 0

3 years ago

Read 2 more answers