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3 years ago

The 2012 financial statements of Marker Co. contain the following selected data (in millions).

Business

1 answer:

Anna11 [10]3 years ago

5 0

Answer:

a.67.9%.

Explanation:

Debt to Total Assets Ratio = Total Liabilities / Total Assets x 100

<em>Total Liabilities = $95,000,000 </em>

<em>Total Assets = $140,000,000 </em>

Debt to Total Assets Ratio = $95,000,000 / $140,000,000 x 100

Debt to Total Assets Ratio = 0.679 x 100

Debt to Total Assets Ratio = 67.9%

Hence, The Assets of Marker Co. are 67.9% funded by creditors.

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McCann Publishing has a target capital structure of 35% debt and 65% equity. This year's capital budget is $850,000 and it wants

levacccp [35]

Answer: $952500

Explanation: targeted equity ratio is 65% = 0.65

Capital budget = $850000

Dividend = net income - (target equity ratio × total budget)

400000 = N - (0.65 × 850000)

Make N the subject of formula

Net income N = $952,500

4 0

4 years ago

Write a statement that increments total by the value associated with amount . That is, add the value associated with amount to t

marishachu [46]

Answer:

total = total + amount

Explanation:

The statement that increments total by the value associated with amount i.e add the value associated with amount to that associated with total and assign the result to total is:

total = total + amount

4 0

3 years ago

During 2021, Farewell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. Th

grigory [225]

Answer:

a) c. $4.34

b) b. $4.10

Explanation:

a) Find Farewell's diluted earnings per share for 2021.

Use the formula below:

Diluted EPS = (Net income after tax - preferred dividend) / diluted common stock

$= \frac{2,500,000 - (50,000*100*0.06)}{500,000+(200,000 - ((29*10,000)/30))}$

$= \frac{2,500,000 - 300,000}{500,000 + (200,000 - 193,333)}$

$= \frac{220,000}{506,667}$

$= 4.34$

Diluted EPS = $4.34 per share

b) stock options = 5,000

Value in current shares = 500,000/12 = $4,167

Diluted shares = 5000 - 4167 = 833

Use the formula below to find the diluted earnings per share:

Diluted EPS = Net income/share outstanding

$= \frac{269,915}{50,000 +(20,000-5,000) + 833)}$

$= \frac{269,915}{50,000 + 15,000 + 833}$

$= \frac{269,915}{65,833}$

$= 4.10$

Diluted EPS = $4.10 per share

8 0

4 years ago

The cost for manufacturing a component used in intelligent interface converters was $23,000 the first year. The company expects

romanna [79]

Answer:

present worth = $7380

Explanation:

given data

initial cash flow = $23,000

geometric gradient = 2%

interest rate i = 10% per year

time period = 5 year

solution

we get here present worth cost that is

present worth = initial cash flow × $\frac{1-(\frac{1+g}{1+i})^t}{1-g}$ ......................1

put here value and we get

present worth = $23,000 × $\frac{1-(\frac{1+0.02}{1+0.10})^5}{1-0.02}$

present worth = $23,000 × 0.32087

present worth = $7380

3 0

3 years ago

12. Charlotte was not hungry that morning, so she just had a smidgen of cake at the office birthday party.

OLEGan [10]

The answer is C because smidgen means a small amount, and if she was not hungry then she would have only had a little bit.

6 0

3 years ago