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WINSTONCH [101]
3 years ago
14

Consider the following income statement for the Heir Jordan Corporation:

Business
1 answer:
vivado [14]3 years ago
5 0

Answer:

HEIR JORDAN CORPORATION

The projected addition to retained earnings is $5,743.

Explanation:

a) Data and Calculations:

HEIR JORDAN CORPORATION

Income Statement              Current Year   Projected

Sales                                      $ 49,000       $58,800 ($49,000 * 1.2)

Costs                                        40,300          48,360 (40,300 * 1.2)

Taxable income                      $ 8,700           10,440 (8,700 * 1.2)

Taxes (22%)                                1,914             2,297 (1,914 * 1.2)

Net income                            $ 6,786              8,143 (6,786 * 1.2)

Dividends                              $ 2,400             2,400

Addition to retained earnings 4,386             5,743

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_____ offers a variety of programs and support services.
kap26 [50]

Answer: your answer is SBA.

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8 0
3 years ago
To help finance a new plant, Roxxon, Inc. just sold a noncallable 40 year bond. This $1,000 par bond sells for $1,155 and has a
murzikaleks [220]

Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

NPER = 40 years × 2 = 80 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.08% × ( 1 - 0.30)

= 4.96%

8 0
3 years ago
An engineer is studying the slight differences in the length of roofing shingles that is being produced at his roofing company.
sladkih [1.3K]

Answer:

The statement is: True.

Explanation:

A common-cause variation shows changes because of unknown reasons within a series of undifferentiated produced items. The method aims to measure the accuracy of the manufacturing process given expected factors that could bring fluctuations in the output. Common-cause variations can be attributed to natural reasons such as employees' fatigue or distraction.

4 0
3 years ago
On December 1, 2020, Bramble Corporation incurs a 15-year $1300000 mortgage liability in conjunction with the acquisition of an
weeeeeb [17]

The portion of the second monthly payment made on January 31, 2021, which represents repayment of principal is $15600.

<h3>Mortgage liability </h3>

Mortgage liability limits the liability of potential third parties who were not involved when the mortgage was arranged. For example, if a mortgage is in arrears, the debtor has to pay the outstanding principal and interest, plus late payment and other charges.

<h3>What is mortgage asset or liabilities?</h3>

A current liability for

1) the principal payments that will be coming due within one year after the balance sheet date, and

2) any accrued interest that is owed as of the balance sheet date.

To learn more about current liability  visit the link

brainly.com/question/14287268

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6 0
1 year ago
How were the experiences of the urban unemployed and the rural poor similar?
Luba_88 [7]
Both feared a terrible plight, both had debt so bad they lost their houses, farms, etc
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3 years ago
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