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2 years ago

13

Luther Industries has no debt, a total equity capitalization of $20 billion, and a beta of 1.8. Included in Luther's assets are

$4 billion in cash and risk-free securities. What is Luther's enterprise value?

1 answer:

lakkis [162]2 years ago

4 0

Answer:

2400000000

Explanation:

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3 years ago

Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th

anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

To cash $600,000

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3 years ago

The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins

Tanya [424]

<u>Given:</u>

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

<u>To find:</u>

Total assets after journalizing and posting the adjusting

<u>Solution:</u>

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

$\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700$

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

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3 years ago