1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mama L [17]
2 years ago
9

"A corporation has annual sales of​ $18 million, total assets of​ $4 million, a debt ratio of​ 40%, depreciation expense of​ $20

0,000, and a tax rate of​ 40%. The​ corporation's total​ stockholders' equity is equal to"
Business
1 answer:
oee [108]2 years ago
6 0

Answer:

$2.4 million

Explanation:

The total assets of the firm are funded by both debt and equity,hence, the total assets is the same as total equity plus total debt based on the accounting equation formula below:

total assets=equity+debt

tota assets=$4 million

equity=unknown

debt can be  derived using the debt ratio as shown thus:

debt ratio=debt/total assets

debt ratio=40%

debt=unknown

total assets=$4 million

40%=debt/$ 4 million

debt=40%*$4 million

debt=$1.6 million

$4 million=equity+$1.6 million

equity=$4 million-$1.6 million

equity =$2.4 million

You might be interested in
you have decided to sublet your apartment. your tenant has agreed to pay $150 per month starting today (with payments made at th
mixas84 [53]

Answer:

PV= $1,173.44

Explanation:

Giving the following information:

your tenant has agreed to pay $150 per month. There are eight months left on the lease, the appropriate interest rate is 6%, compounded monthly.

<u>To calculate the net present value, first, we need to calculate the final value and then use the present value formula.</u>

FV= {A*[(1+i)^n-1]}/i

A= annual pay= 150

i=0.06/12= 0.005

n=8

FV= {140[(1.005^8)-1]}/0.005= 1,221.21

Now, we calculate the present value:

PV= FV/(1+i)^n

PV= 1,221.21/1.005^8= $1,173.44

4 0
2 years ago
A state passes a law requiring major appliances sold in the state to meet energy consumption standards. which factor in the​ fir
german
<span>This best reflects the broader regulatory environment in which the firm operates. Changes in this environment will undoubtedly have effects on the firms future product offerings and bottom line.</span>
4 0
3 years ago
Meg, who is on the lookout for a temporary security officer, approaches a security agency. The agency sends one of its reserve s
elena55 [62]

Answer:

The correct option is: B. Implied-in-fact contract

Explanation:

The implied-in-fact contract is a type of implied contract that contains obligations in the form of mutual agreement. Such an agreement is <u>not expressed or stated in the form of words.</u>

This type of contract is based on the understanding between the involved parties and are implied from the facts and circumstances that expresses the mutual intent of the parties to contract.

<u>Therefore, Meg has entered into an </u><u>implied-in-fact contract </u><u>with the security agency.</u>

8 0
3 years ago
Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri
Finger [1]

Answer:

D 0.60.

Explanation:

Elasticity of Supply measure the responsiveness of supply against the change in price of the product.

Using mid point method

Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]

Change in Quantity = ( 30 - 20 ) / [ ( 30 + 20 )/2 ]

Change in Quantity = 10 / 25

Change in Quantity = 0.4

Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]

Change in price = ( $20 - $10 ) / [ ( $20 + $10 )/2 ]

Change in price  = $10 / $15

Change in price  = 0.67

Elasticity of Supply = Change in Quantity / Change in Price

Elasticity of Supply = 0.4 / 0.67

Elasticity of Supply = 0.597 = 0.60

7 0
3 years ago
A company purchased property for a building site. The costs associated with the property were: Purchase price $ 184,000 Real est
Lelu [443]

Answer: The portion of these costs that will be allocated to the cost of the land is $206,400 and the portion that should be allocated to the cost of the new building is 0.

Explanation:

The following information can be gotten from the question:

Purchase price = $184,000

Real estate commissions = $15,900

Legal fees = $1,700

Expenses of clearing the land = $2,900

Expenses to remove old building = $1,900

Therefore, the portion of these costs should be allocated to the cost of the land will be:

= $184,000 + $15,900 + $1,700 + $2,900 + $1,900

= $206,400

It should also be noted that building cost will be 0.

8 0
2 years ago
Other questions:
  • The owner of a bicycle repair shop forecasts revenues of $240,000 a year. Variable costs will be $70,000, and rental costs for t
    9·1 answer
  • Which of the following is an exanple of a function skill​
    10·2 answers
  • You can buy or sell the £ spot at $1.98 to the pound. You can buy or sell the pound one-year forward at $2.01 to the pound. If U
    13·1 answer
  • Baine lived in Bristol Harbor, a resort area on the Atlantic coast. She entered into a written agreement to sell her daily catch
    14·1 answer
  • State licensing laws prescribe behavioral requirements with which licensees must comply to keep their licenses. Licensing laws g
    6·1 answer
  • Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
    10·1 answer
  • The consumer price index is __
    9·1 answer
  • Jessica filled out her job application and is about to turn it in. In the “Position Applied for” box she wrote question marks, b
    5·2 answers
  • Answer the following questions using the information below: Cannady produces six products. Under their traditional cost system u
    6·1 answer
  • In your own opinion, what are the things or action that can acquire and keep up business apparatuses required to help work envir
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!