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sveticcg [70]
3 years ago
11

During 2022, Crane Company entered into the following transactions.

Business
1 answer:
Anastasy [175]3 years ago
4 0

Answer:

Assets = Liabilities + Stockholders' Equity = $206,670

Explanation:

Note: See the attached excel file for the analysis of the tabular analysis of the effect of each transaction on the accounting equation.

From the attached excel file, we have:

Assets = = – $172,670 + 68,620 + $310,720 = $206,670

Liabilities = $68,620

Stockholders' Equity =  $138,050

Liabilities + Stockholders' Equity = $68,620 + $138,050 = $206,670

Therefore, we have:

Assets = Liabilities + Stockholders' Equity = $206,670

Download xlsx
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Baldwin's EBIT (Earnings Before Interest and Taxes) last year was $21,771,033. What was Baldwin's net profit
tensa zangetsu [6.8K]

The net profit is the money that a business earns after the deduction of the expenses for a period of time.

<h3>How to calculate the net profit?</h3>

Your information is incomplete as the data is missing. Therefore, an overview will be given. In order to calculate the net profit, it's important to know the gross profit.

The formula to calculate the net profit will be:

= Total revenue - Total expenses

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5 0
2 years ago
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Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on Octob
Over [174]

Question Completion:

Journalize the adjusting entries:

Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

October 31:

1. Supplies Expense                     $1,500

Supplies                                                        $1,500

To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

To record the insurance expense for the month of October.

Explanation:

a) Data and Analysis:

October 31:

1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)

2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)

3. From the scenario, the year-end is October 31.

7 0
3 years ago
The current price of XYZ stock is $50.00. Dividends are expected to grow at 7% indefinitely and the most recent dividend was $1.
Lynna [10]

Answer:

Current market price (Po) = $50

Growth rate (g) = 7%

Dividend paid (Do) = $1

Required return (Ke) = ?

Po = Do<u>(1 + g)</u>

            Ke - g

$50 = $1<u>( 1 + 0.07)</u>

             ke - 0.07

$50 =   <u>    1.07</u>

            Ke -  0.07

$50(Ke - 0.07) = $1.07

50Ke - 3.5    = $1.07

50Ke = $1.07 + $3.5

50Ke = $4.57

Ke = 4.57/50

Ke = 0.0914 = 9.14%                                                                                                                                                                                                                                        

Explanation:

The current market price of a stock equals current dividend paid, subject to growth rate, divided by the difference between required rate of return and growth rate. The current market price, growth rate and current dividend paid were provided in the question with the exception of the required return (Ke). Thus, the required return becomes the subject of the formula.              

8 0
3 years ago
What is remittance advice note ?​
zalisa [80]

Answer:

Document

Explanation:

Remittance advice is a document sent by a customer to a seller, informing the seller that an invoice has been paid.

7 0
4 years ago
If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that ther
sweet-ann [11.9K]

If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

<h3>What is the long-run average total cost curve?</h3>
  • The long-run average cost (LRAC) curve depicts the firm's lowest cost per unit at each output level, assuming that all production parameters are changeable.
  • The LRAC curve presupposes that the firm has determined the best factor mix for creating any amount of production, as discussed in the previous section.
  • To derive the long-run total cost function, we take the expansion path's total cost and quantity pairs.
  • "When all factors of production are variable, the long-run total cost function displays the lowest total cost of generating each amount."
  • If a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

As the description states, if a firm's long-run average total cost curve is horizontal in a relevant production range, it shows that there are consistent returns to scale.

Therefore, if the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there (B) are constant returns to scale.

Know more about the long-run average total cost curve here:

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Complete question:

If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that there

A. isn't a minimum efficiency scale.

B. are constant returns to scale.

C. are diseconomies of scale.

D. are economies of scale.

5 0
2 years ago
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