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iris [78.8K]
3 years ago
9

Overall what statement is most true of Judith

Business
1 answer:
olga_2 [115]3 years ago
3 0
Wheres the answer choices.
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There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u
torisob [31]

Answer:

False

Explanation:

7 0
3 years ago
On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july
erastova [34]
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
6 0
3 years ago
Companies prefer that their working capital is a positive amount rather than a negative amount. True or false
Roman55 [17]

Answer:

True

Explanation:

The working capital is the difference between the current assets that is used in daily operations e g cash to current liabilities that are to be met in daily operations e g suppliers credit.

It's better kept at ratio 2:1 for the Company to continuously meets his obligations in order to ensure perpetuity.

5 0
3 years ago
Presented below are a number of balance sheet items for Tamarisk, Inc. for the current year, 2020.
Roman55 [17]

Answer:

Tamarisk, Inc.

Classified Balance Sheet

As of December 31, 2020:

ASSETS:

Current Assets:

Cash                                     $362,340

Equity investments (trading)  123,330

Notes receivable                    448,040

Income taxes receivable         99,960

Inventory                                 242,140

Prepaid expenses                   90,260

Total current assets                                  $1,366,070

Equipment         1,472,340

Accumulated

Depreciation    (292,490)   1,179,850  

Buildings           1,642,330

Accumulated

Depreciation     (270,446 )  1,371,884

Land                                      482,340

Goodwill                                  27,340

Total long-term assets                             $3,061,414

Total assets                                             $4,427,484

LIABILITIES

Current Liabilities

Accounts payable               492,340

Payroll Taxes Payable          179,931

Income taxes payable         100,702

Rent payable (short-term)     47,340

Discount on bonds  payable  15,490

Notes payable (to  banks)   267,340

Total current liabilities                             $1,103,143

Bonds payable                       302,340

Rent payable (long-term)      482,340

Notes payable  (long-term) 1,602,330

Total long-term liabilities                      $2,387,010

Total Liabilities                                      $3,490,153

EQUITY

Common stock, 400,000 shares authorized

Issued, 202,340 shares at

$1 par value                      202,340

Preferred stock, 200,000 shares authorized

Issued, 15,234 shares at

$10 par value                    152,340

Retained earnings            582,651

Total Equity                                                $937,331

Total liabilities & Stockholders' equity $4,427,484

Explanation:

a) Data:

Account Title                            Debit        Credit

Cash                                     $362,340

Equity investments (trading)  123,330

Notes receivable                    448,040

Income taxes receivable         99,960

Inventory                                 242,140

Prepaid expenses                   90,260

Equipment                           1,472,340

Accumulated Depreciation-Equipment    $292,490  

Buildings                             1,642,330

Accumulated Depreciation-Buildings         270,446

Land                                      482,340

Goodwill                                  27,340

Accounts payable                                       492,340

Payroll Taxes Payable                                  179,931

Income taxes payable                                 100,702

Rent payable (short-term)                            47,340

Discount on bonds  payable                         15,490

Notes payable (to  banks)                          267,340

Bonds payable                                          302,340

Rent payable (long-term)                         482,340

Notes payable  (long-term)                    1,602,330

Common stock, $1 par value                  202,340

Preferred stock, $10 par value                152,340

Retained earnings                                   582,651

Total                             $4,990,420  $4,990,420

4 0
3 years ago
Reliable Gearing currently is all-equity-financed. It has 10,000 shares of equity outstanding, selling at $100 a share. The firm
pogonyaev

Answer:

Part a. What will be the debt-to-equity ratio if it borrows $200,000?

25%

Part b. If earnings before interest and tax (EBIT) are $110,000, what will be earnings per share (EPS) if Reliable borrows $200,000?

$11.25 or 1125 cents

Part c. What will EPS be if it borrows $400,000?

$11.67 or 1167 cents

Explanation:

Part a. What will be the debt-to-equity ratio if it borrows $200,000?

If it Borrows $200,000 then, debt will Increase by $200,000 and Shares will decrease by $200,000 since they would be bought back under this option

Debt-to-equity ratio measures the extent to which Foreign Money is used by the Company

Debt-to-equity ratio = Total Debt / Total Equity

                                = $200,000/ $1,000,000 - $ 200,000

                                = $200,000/$800,000

                                = 25%

Part b. If earnings before interest and tax (EBIT) are $110,000, what will be earnings per share (EPS) if Reliable borrows $200,000?

Earnings per share (EPS) = Earnings Attributable to Ordinary Shareholders/ Weighted Average Number of Ordinary Shares in Issue during the period

                                         =( $110,000 - $200,000×10%)/ ($800,000/$100)

                                         = $110,000-$20,000/8,000

                                         = $11.25 or 1125 cents

Part c. What will EPS be if it borrows $400,000?

If it borrows $400,000 then, it pursues the High -Debt Plan and exchanges debt for equity

Earnings per share (EPS) = Earnings Attributable to Ordinary Shareholders/ Weighted Average Number of Ordinary Shares in Issue during the period

                                          = ( $110,000 - $400,000×10%)/ ($1,000,000-$400,000/$100)

                                          = $70,000 / 6,000

                                          = $11.67 or 1167 cents

3 0
2 years ago
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