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Studentka2010 [4]
3 years ago
11

Pronghorn Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order t

o obtain additional funds for expansion. PRONGHORN COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $241,500 Accounts receivable (net) 351,500 Inventory (lower-of-average-cost-or-market) 412,500 Equity investments (marketable)-at cost (fair value $131,500) 151,500 Property, plant, and equipment Buildings (net) 581,500 Equipment (net) 171,500 Land held for future use 186,500 Intangible assets Goodwill 91,500 Cash surrender value of life insurance 101,500 Prepaid expenses 23,500 Current liabilities Accounts payable 146,500 Notes payable (due next year) 136,500 Pension obligation 93,500 Rent payable 60,500 Premium on bonds payable 64,500 Long-term liabilities Bonds payable 511,500 Stockholders’ equity Common stock, $1.00 par, authorized 400,000 shares, issued 301,500 301,500 Additional paid-in capital 171,500 Retained earnings ?
Business
1 answer:
Zielflug [23.3K]3 years ago
5 0
599$ and 99c hhdiihfbk gulch
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Firms do not usually get rewarded by diversifying investments in different lines of business because ________
Elden [556K]

Firms do not usually get rewarded by diversifying investments in different lines of business because investors can more efficiently diversify the risk on their own.

Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money and effort. The purpose of investment in finance is to generate profit from the invested assets.

The definition of an investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.

Learn more about investments here:brainly.com/question/25300925

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8 0
2 years ago
He ________ helps design programs and systems to find new sources of knowledge or to make better use of existing knowledge in or
Talja [164]
The answer to this question is "CKO or the Chief Knowledge Officer". He, the CKO, helps the design programs and systems to find and discover new sources of knowledge or to make and produce better use of existing knowledge in the organizational and management processes. He is also the person assigned and responsible for firm's knowledge management program.
5 0
4 years ago
The beginning balance on the monthly bank statement for Ignatius's checking account was $124.82, and the ending balance was $659
Nutka1998 [239]

In this scenario, Ignatius had a net gain of 534.45 which means he had 534.45 more CREDITS than DEBITS.

Credits to a checking account increase the balance while debits decrease it.

5 0
4 years ago
Read 2 more answers
Stock Y has a beta of 1.2 and an expected return of 12.1%. Stock Z had a beta of 0.8 and an expected return of 7.85%. The risk-f
levacccp [35]

Answer:

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

Explanation:

<em>To determine whether or not the stocks are correctly priced ,</em>

<em>we have to compare the r</em><em>equired return</em><em> and the </em><em>expected return on each of them.</em>

Required return = Rf +β (Rm-Rf)

Note that Rm-Rf  is also known as market risk premium

                                  <em>Stock Y                         Stock Z</em>

<em>Required return   </em>       2.4% + 1.2(7.2%)            2.4% + 0.8(7.2%)

                                  = 11%                                   = 8.2%

<em>Expected return</em>            <em>12.1%                           7.85%</em>

Since the expected return and required return are different for both Stock X and Z, we say that they are not correctly priced

6 0
4 years ago
Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs w
padilas [110]

Answer:

b. $70,000

Explanation:

Economic profit is the difference between the total revenue received by a business and the total implicit and explicit costs of a firm.

Economic profit = Total revenue - (Implicit costs + Explicit costs)

Economic profit = $400,000 - $200,000 - $130,000 = $70000

Therefore Lashondra's economic profit is equal to $70000.

4 0
4 years ago
Read 2 more answers
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