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Wittaler [7]
3 years ago
6

WFO Corporation has gross receipts according to the following schedule:

Business
1 answer:
Zanzabum3 years ago
3 0

Answer:

WFO Corporation

Given WFO Corporation's annual gross receipts, which exceed $20 million, it is expected to use the accrual basis starting from Year 1, whether it is a C-Corporation or an S-Corporation.

Explanation:

a) Data and Calculations:

Gross Receipts:

Year 1     $22.00 million

Year 2    $24.00 million

Year 3    $26.00 million

Year 4    $24.50 million

Year 5   $25.00 million

Year 6   $27.00 million

b) For a C-Corporation, when the average gross receipts for the past three years exceed $5 million, the corporation is expected to change from cash basis to accrual basis.  Assuming that WFO Corporation is an S-Corporation, it is expected to change to the accrual basis if its annual gross receipts exceed $10 million.

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Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.7 million shares outstandin
neonofarm [45]

Answer:

35.91%

Explanation:

The formula and the computation of the debt to capital ratio is shown below:

The debt to capital ratio equals to

= (Debt ÷ total invested capital) × 100

where,

Debt = Total capital - stock price × number of shares outstanding

= $110 million - $15 × 4.7 million shares

= $110 - $70.5 million

= $39.5 million

And, the total invested capital is $110 million

So, the debt to equity ratio is

= $39.5 million ÷  $110 million

= 35.91%

6 0
3 years ago
_______ occurs when the inflation rate is less than zero percent.
nikitadnepr [17]

deflation occurs when inflation rate is less than zero percent

3 0
4 years ago
Read 2 more answers
jim is haggling with a car dealer on the price of a used car. if the dealer is getting a bonus per sale made, in addition to the
vovangra [49]

Since the car dealer receives commission on each transaction as well as a bonus for each one, he or she will make an effort to close as many deals as possible haggling.

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How much of an increase in the amount to be sold do we have? 50 - 30 = 20 20/30 = 66.67 appx 67% Consequently, a 67% drop in the car's price will result in a 67% rise in sales volume. The car will cost $20,000 * 67%, which equals $13,400. The new price is $20,000 - $13,400, which is $6,600.

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6 0
1 year ago
a retirement plan guarantees to pay you a fixed amount for 25 years. at the time of retirement, you will have $100,000 to your c
tatiyna

Answer:

The annual benefits will be$8,581.05

Explanation:

The applicable formula is the present value of an ordinary annuity,which is given as;

PV=A*(1-(1+r)^-N)/r

PV is the amount that would be in the plan at retirement which is $100,000

A is the annual benefits which is unknown

n is the number of years the investment would take which is 25 years

r is the rate of return on investment which is 7%

A=PV/(1-(1+r)^-N)/r

A=100000/(1-(1+7%)^-25/7%

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A=100000/(1-0.184249178 )/0.07

A=100000/11.65358317

A=$8581.05

5 0
3 years ago
Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid
spayn [35]

Answer:

A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.

Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.

Explanation:

6 0
2 years ago
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