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Svetach [21]
3 years ago
7

At December 31, 2017 (the end of the fiscal year), Grouper Corporation owes $1,720,000 on a note payable due January 31, 2018. I

f Grouper refinances the obligation by issuing a long-term note on February 20, 2018 and using the proceeds to pay off the note due January 31, how much of the $1,720,000 should be reported as a current liability at December 31, 2017
Business
1 answer:
zubka84 [21]3 years ago
5 0

Answer:

Nil or $0

Explanation:

The entire amount of $1,720,000 should be reported as long term liability, as the both the criteria of intent and ability are met. The second note (long term note) was issued to repay the first one. It is presumed the firm did not have enough current assets to pay the first note and that the second note is made before the issue of the balance sheet. So, the amount to be reported as current liability is "nil".

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"The common stock of One Community Bank is currently selling for $30. The last annual dividend paid was $1.25 per share and the
Greeley [361]

Answer:

The dividend growth rate is 8%.

Explanation:

Considering the stock is the one that has a constant dividend growth, we use the DDM approach for constant growth model. The constant growth model formula for price of a stock today is,

P0 = D1 / r - g

Where,

  • D1 is the dividend in the next period or D0 * (1 + g)
  • r is the required rate of return
  • g is the growth rate in dividends

Plugging in the available value,

30 = 1.25 ( 1+g) / (0.125 - g)

30 * (0.125 - g) = 1.25 + 1.25g

3.75 - 30g = 1.25 + 1.25g

3.75 - 1.25 = 30g + 1.25g

2.5 / 31.25 = g

g = 0.08 or 8%

4 0
4 years ago
8. In the month of September, Matlock Industries sold 800 units of product. The average sales price was $30. During the month, f
Lunna [17]

Answer:

(a) $9; 30%

(b) $21,000; 700 units

Explanation:

Given that,

Units sold = 800

Average sales price = $30

Fixed costs = $6,300

Variable costs = 70% of sales

(a) Contribution margin per unit:

= Selling price per unit - Variable cost per unit

= $30 - (70% × $30)

= $30 - $21

= $9

Contribution margin ratio:

= Contribution margin per unit ÷ Selling price

= $9 ÷ $30

= 30%

(b) Break-even sales (in dollars):

= Fixed costs ÷ Contribution margin ratio

= $6,300 ÷ 30%

= $21,000

Break-even sales (in units):

= Fixed costs ÷ Contribution margin per unit

= $6,300 ÷ $9

= 700 units

4 0
4 years ago
Which economies systems have least in common?
Effectus [21]

Answer:

command economy and capitalism

Explanation:

A command economy is a situation where the government determines what goods and services are produced in a state. The government formulate its production policies to achieve his goals and objective. The major advantage of a command economy is that is reduces the level of inequality in a state, as against the profit motive in capitalism. Examples of a command economy country is North Korea and Cuba

Capitalism is an economic state where private individuals own and controls factors of production to for profit motive. Private investors are given power by government to control labour, capital and land in the production process with little or no involvement by government. Examples of countries practicing capitalism includes USA, Chile, canada, etc.

6 0
3 years ago
Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which state
valentina_108 [34]

People are often entitle to their behavior or actions. The statement  that is true is that Brenda has not violated any fiduciary duty.

  • A fiduciary duty is known to be when a person did accept some measures of responsibility to act in place in the best interests of another person or entity.

A breach of fiduciary duty takes place only when a principal did not carry out the responsibly given to them and for that they may pay some penalty.

For Brenda case, she has not accepted to carry out the duty on behalf of Jim and as such She is not to be held for breach of  fiduciary duty.

See full question

Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?

Brenda must follow all of Jim’s instructions.

Brenda has violated the fiduciary duty of obedience to Jim.

Brenda could be liable for a breach of the listing contract terms.

Brenda has not violated any fiduciary duty.

Learn more about Violations from

brainly.com/question/14995701

7 0
3 years ago
A market researcher divides the Dallas metropolitan area into blocks having roughly equal populations. He then selects a random
stira [4]

Answer: . two-stage area

Explanation:

In two-stage specimen sampling, a simple random sample of specimen is selected and then a simple random sample is selected from the units in each sampled specimen. Two-stage sampling is used when the sizes of the specimens are large, making it difficult or expensive to observe all the units inside them.

7 0
3 years ago
Read 2 more answers
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