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3 years ago

Selected current year company information follows:

Business

1 answer:

koban [17]3 years ago

6 0

Answer:

b. 2.81 times

Explanation:

Calculation to determine Total stockholders' equity, end-of-year 121,851

Total asset turnover is:

First step is to calculate the Total assets

Beginning Ending

Total liabilities $83,932 $103,201

Total equity 198,935 121,851

Total assets $282,867 $225,052

Now let determine the Total asset turnover

Total asset turnover = $712,855/[($282,867 + $225,052)/2]

Total asset turnover= 2.81 Times

Therefore Total stockholders' equity, end-of-year 121,851

Total asset turnover is:2.81 Times

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To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?

Sedaia [141]

Answer:

C. Father and his 35-year-old son investing in separate account.

Explanation:

Quantity discount when offered relates to one particular account, and not multiple accounts at a time.

In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.

As in the given options,

Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.

Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.

Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.

4 0

3 years ago

Which of the following statements is CORRECT?a. Two firms with the same expected free cash flows and growth rates must also have

brilliants [131]

Answer:

.b. It is appropriate to use the constant growth model to estimate a stock's value even if its growth rate is never expected to become constant

TRUE The multi-stage valuation considers different grow rates for the subsequent years

Explanation:

a. Two firms with the same expected free cash flows and growth rates must also have the same value of operations

FALSE as their cost of capital can differ.

c. If a company has a weighted average cost of capital WACC = 12%, and if its free cash flows are expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is also 5%.

FALSE dividend yield is a relationship between price and dividend it doesn't considers the growth of the company, just current values.

d. The value of operations is the present value of all expected future free cash flows, discounted at the free cash flow growth rate

FALSE They are discounted at the difference between return and grow rate

e. The constant growth model takes into consideration the capital gains investors expect to earn on a stock.

FALSE It considers the capital gains as speculations

8 0

3 years ago

Taxes on the property buyer Tamara is purchasing are $8,200, due on December 31. If the closing is set for June 29th, using the

Ilia_Sergeevich [38]

Answer:

$4,044

Explanation:

Calculation for how much of the taxes will be credited to the buyer

First step is to divide the annual taxes by the numbers of days in a year

$8,200 / 365 days

= $22.466 per day

Second step

Based on the information given we were told that the Seller's ownership started from January 1- June 29 which gave us 180 days, this means that we would multiply $22.466 per day by 180 days in order to know how much of the taxes will be credited to the buyer

Hence,

Amount credit to the buyer=180 days

x 22.466

Amount credited to buyer= $4,044

Therefore the amount of the taxes that will be credited to the buyer will be $4,044

3 0

3 years ago

jerome, incorporated, paid $8,850 to make a debt investment in trading securities of tedesco, incorporated. on december 30, (wit

Serjik [45]

The adjusting entry for the sale of debt securities by Jerome Incorporated on December 30, is as follows:

<h3>Adjusting Journal:</h3>

December 31:

Debit Cash $7,000

Credit Investment $6,500

Credit Gain on Sale of Investment $500

To record the sale of debt investment (part) and the gain therefrom.

<h3>What is an adjusting entry?</h3>

An adjusting entry is the journal entry made at the end of the financial year to ensure compliance with the accrual concept and the matching principle of generally accepted accounting principles.

An adjusting entry does not include the initial investment transaction made by Jerome Incorporated.

<h3>Transaction Analysis:</h3>

Dec. 30:

Cash $7,000 Investment $6,500 Gain on Sale of Investment $500

Learn more about adjusting entries at brainly.com/question/13933471

#SPJ1

4 0

1 year ago

Moss and Barber organize a partnership on January 1. Moss’s initial net investment is $75,000, consisting of cash ($17,500), equ

Olegator [25]

Answer:

journal entries are as given below

Explanation:

solution

journal entries are as

first we get here investment by Moss

date account title debit credit

January 01 cash $17500

equipment $82500

note payable $25000

Angela Moss capital $75000

and now we get investment by barber

date account title debit credit

January 01 cash $31250

autumn barber capital $31250

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3 years ago