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3 years ago

Accounts receivable, equipment, the building itself, and the land on which the building stands are examples of:

Business

1 answer:

emmainna [20.7K]3 years ago

8 0

Answer: Assets

Explanation:

Assets are something that a business owns that is able to bring in money or is a store of value.

All the above mentioned items are considered assets as they fit this description.

Accounts receivable is a current asset which means it has a duration of a period or less.

Equipment, building and land are all fixed assets as they have a duration of more than one period.

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Peterson Manufacturing recently reported EBITDA of $18.75 million and $4.5 million of net income. It has $5 million of interest

quester [9]

Answer:

Peterson Manufacturing

Its depreciation and amortization expense (in millions of dollars) was:

= $6.25 million

Explanation:

a) Data and Calculations:

EBITDA = $18.75 million

Depreciation and amortization expense = $6.25 million

Earnings before Interest = $12.50 million

Interest expense = $5.00 million

Earnings before taxes = $7.50 million

Corporate taxes (40%) = $3.00 million

Net Income = $4.50 million

Earnings before taxes = Net income/1-tax rate

= $4.5 million/60% = $7.5 million

Corporate taxes = 40% of $7.5 million = $3.0 million

Earnings before interest = Interest expense plus earnings before taxes (earnings after interest)

= $5 million + $7.5 million = $12.5 million

Therefore, Depreciation and amortization expense = EBITDA - Earnings before Interest

= $18.75 million - $12.5 million

= $6.25 million

b) EBITDA = Earnings before Interest, Taxes, and Depreciation and Amortization.

5 0

2 years ago

Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit

NemiM [27]

Answer:

Explanation:

Equivalent units for June

Completed and transferred out - 160,000

Materials = 40,000*100 40,000

200,000

Completed and transferred out - 160,000

Conversion = 40,000*25% 10,000

170,000

Cost per equivalent unit

Materials Conversion

Opening WIP 25,200 24,800

Cost in June 334,800 238,700

Total cost 360,000 263,500

Units of production 200,000 170000

Unit cost 360000/200000 263500/170000

1.8 1.55

Cost of ending WIP in process inventory and the total cost of units transferred

Materials Conversion

Equivalent units 40,000 10,000

Cost per unit 1.8 1.55

Cost on ending WIP 72,000 15,500

Total departmental cost = 87,500

Units completed & transferred 160,000 160,000

Cost per unit 1.8 1.55

Cost 288,000 248,000

Total cost = 536,000

Reconciliation report

Beginning Work in Progress = 25,200 + 24,800= 50,000

Added cost to production = 334,800 + 238,700 = 573,500

7 0

2 years ago

Mrs. Adams owned an income property with an adjusted cost basis of $160,000 and a fair market value of $240,000. She exchanged t

ella [17]

Answer:

$160,000

Explanation:

Based on the information given For FEDERAL INCOME TAX PURPOSES, the NEW PROPERTY will have a BASIS for Mrs. Johnson of:$160,000

reason been that Adams owned an income property with an ADJUSTED COST BASIS of the amount of $160,000 and secondly the COST BASIS of the property that was traded will be the COST BASIS for the property that was acquired assuming NO ANY adjustment was made for differences in value.

5 0

2 years ago

A firm expects to have net income of $5,000,000 during the next year. The company’s target capital structure is 35% debt and 65%

Aneli [31]

Answer:

$1,100,000

Explanation:

The firm expected to have 5,000,000 as net Income

Capital Structure; Debt=35% , Equity= 65%

$6,000,000 is determined to be the Optimal capital budget for the coming year

The firm’s expected dividend payments following a residual distribution policy is = Net Income – [Total Capital Budget x Equity Ratio]

Where Net Income =5,000,000 Total capital budget =6,000,000 Equity Ratio= 65%

Hence Total Dividend Payment = $5,000,000 – [$6,000,000 x 65%]

= $5,000,000 - $3,900,000

= $1,100,000

The firm’s expected dividend payments is = $1,100,000,

8 0

2 years ago

A country rejects FDI proposals in certain industries. It does so because the tangible advantages of such investments are lesser

Ghella [55]

Complete question:

A country rejects FDI proposals in certain industries. It does so because the tangible advantages of such investments are lesser than potential costs like loss of employment and reduction of overall well-being. However, it aggressively pursues inviting foreign investments in sectors like infrastructure, education, and health care because of the benefits that accrue with them. Which political view of FDI is discussed in this example

a. The pure market view

b. The free market view

c. The radical view

d. The pragmatic nationalist view

Answer:

The pragmatic nationalist view is discussed in this example

Explanation:

Pragmatic nationalist views are that FDI has advantages, including capital inflow, technology, skills and employment, as well as costs, such as return of income to the country of origin and a negative impact on balance of payments.

FDI has both advantages and drawbacks, the realistic nationalist view is. In that view, FDI should also be allowed as long as the advantages are greater than the costs.

8 0

3 years ago