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IRISSAK [1]
3 years ago
5

Suppose a company signs a three-year lease agreement. The lease payments have a present value of $40,000. Prior to signing the l

ease, the company had total assets of $600,000, total liabilities of $400,000, and total stockholders' equity of $200,000. Calculate the balance of total assets, total liabilities, and total stockholders' equity immediately after signing the lease.
Assets Liabilities
Stockholders' Equity
Business
1 answer:
larisa [96]3 years ago
4 0

Answer:

The balance of total assets, total liabilities, and total stockholders' equity is $640,000, $440,000 and $200,000 respectively.

Explanation:

The computation of the balance of total assets, total liabilities, and total stockholders' equity after considering the lease payment  is shown below:

For Total assets  

= Total assets balance + present value of lease payments

= $600,000 + $40,000

= $640,000

For Total liabilities

= Total liabilities balance + present value of lease payments

= $400,000 + $40,000

= $440,000

And, the total stockholders' equity is $200,000

While computing the stockholder equity, the lease payment does not have an impact on the stockholder equity so the balance would remain the same as before

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While similar in some respects, the key difference between panel data and pooled cross-sectional data is that panel data consist
elixir [45]

Answer:Yes

Explanation:

Pooled data occur when there is a time series of different cross sections with each observations not necessarily from the same unit while Panel data is sample from the same units. The main difference between them is the "units". The units can be countries, households, schools or other things we are collating data on.

In pooled cross section, random samples from different time periods and from different units are taken e.g. we can take data on number of females and males in schools A, B and C in 2020 and schools X, Y and Z in 2023.

In pure panel data, we are using the same units e.g we can take data on genders in schools A, B and C in 2020 and collect data from the same schools in 2023. Therefore the main difference is just the units we observe.

5 0
3 years ago
Fortuna worked 49.5 hours this week at $ 8.18 an hour. What was he gross pay? Remember over time worked over 40 hours is paud at
vova2212 [387]
$327.2 for the first 40
$116.575 for the remaining 9.5 hours paid at 1.5x the pay
$443.765 is your sum, however if you are to round to actual pay, it would be $443.77
6 0
3 years ago
"A registered representative is a 15% participant in an investment club formed by members of the local Elks Club. The Elks Club
Alex787 [66]

Answer: D. The account is prohibited from buying the new issue

Explanation:

The options to the question are:

A. The account can buy the issue without restriction

B. The account can buy the issue if the branch manager approves

C. The account can buy the issue if the registered representative agrees not to share in the profit on the position

D. The account is prohibited from buying the new issue.

From the question, we are informed that a registered representative is a 15% participant in an investment club formed by members of the local Elks Club and that the Elks Club investment club has opened a securities account at ABC Brokerage.

We are further told that the account wishes to buy an IPO being offered by an underwriter, out of the options that were given, the correct option is that account is prohibited from buying the new issue.

6 0
3 years ago
An investor that owns between ___ and ___ percent of the voting stock of an investee is assumed to have significant influence ov
Alexeev081 [22]

An investor is considered to have substantial influence over an investee if they possess between 20% and 50% of the voting shares.

Equity accounting is used to record and account for equity investments made by a firm when it holds 20% or less of the voting shares of another company.

According to the number of shares it owns in the investee company, the investor records the investee's earnings in its accounts.

In other words, the initial investment grows in proportion to the earnings earned.

The investee is a subsidiary of the investor since it has the power to control influence if it holds more than 50% of the voting shares.

Find out more about voting stock

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4 0
2 years ago
Gantt charts are effective for project scheduling if:
pochemuha

Answer: c. The project contains simple activity sequences

Explanation:

Gantt chart is a firm of bar chart that depicts a project schedule as it helps in the scheduling of a particular project.

Gantt chart is a graphical tool that helps in showing the activities that are performed against time to the project team or project manager. Gantt charts are effective for project scheduling if such project contains simple activity sequences.

4 0
3 years ago
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