3 years ago

Problem 1: Long-term Debt Financing

Business

1 answer:

mihalych1998 [28]3 years ago

7 0

Can you post a pic so I can see more of it.

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g Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $3,290,558, accurals of $5

olga55 [171]

Answer:

$5,354,741

Explanation:

assets:

cash $3,290,558

inventory $2,657,360

accounts receivable $577,102

fixed assets $4,019,047

total assets = $10,544,067

liabilities:

accruals $576,944

accounts payable $2,519,541

notes payable $610,904

long-term debt $1,481,937

total liabilities = $5,189,326

equity = assets - liabilities = $10,544,067 - $5,189,326 = $5,354,741

5 0

4 years ago

on December 1, 2021, Lester Company issued at 103, eight hundred of its 9%, $1,000 bonds. Attached to each bond was one detachab

Luden [163]

Answer:

$489,250

Explanation:

Market value of bonds and stock warrants

= ((500*1000*0.95)+(500*50))

= 475000+25000

= $500,000

Issue price bonds = 500000*1.03

= 515000

Carry value of bonds = ((500*1000*0.95)/500000)*515000

= (475000/500000)*515000

= $489,250

7 0

3 years ago

A source document should always do which of the following?

solniwko [45]

Answer:

record the date of the transaction

Explanation:

A pex

6 0

3 years ago

A full-time job usually means you will work how many hours per week?

Naddika [18.5K]

A full time job requires you to work 40 hours a week.
Hope it helps

5 0

3 years ago

Read 2 more answers

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the nec

romanna [79]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

3 years ago