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
jenyasd209 [6]
3 years ago
12

Smith Company had the following on the dates indicated:

Business
1 answer:
wel3 years ago
4 0

Answer: b. $290,000

Explanation:

Assets = Liabilities + Equity

Change in Assets = Change in liabilities + Change in Equity

560,000 - 330,000 = 35,000 - 25,000 + Change in equity

230,000 = 10,000 + Change in equity

Change in Equity = 230,000 - 10,000

= $220,000

Retained earnings = Change in equity + dividends

= 220,000 + 70,000

= $290,000

You might be interested in
________ refers not only to the ability to track products as they move through the supply chain but also to foresee external eve
Zielflug [23.3K]

Answer: Supply chain visibility

Explanation:

Supply chain visibility is the method used by production companies to track the exact location of a product from when it has been produced up to when the product has been successfully delivered to the buyer. With the help of supply chain visibility, the buyer can be able to track the exact location of products they ordered for, at any point in time.

3 0
3 years ago
Air Destinations issues bonds due in 10 years with a stated interest rate of 11% and a face value of $500,000. Interest payments
olga nikolaevna [1]

Answer: $471,324.61

Explanation:

Price of a bond = Present value of coupon payments + Present value of face value at maturity

Coupon payments = 500,000 * 11% * 1/2 years = $27,500

Periodic yield = 12%/ 2 = 6% per semi annual period

Periods = 10 * 2 = 20 semi annual periods

Coupon payment is constant so it is an annuity.

Price of bond = Present value of annuity + Present value of face value at maturity

= (Annuity * Present value interest factor of Annuity, 6%, 20 years) + Face value / (1 + rate) ^ number of periods

= (27,500 * 11.4699) + 500,000 / (1 + 6%)²⁰

= $471,324.61

8 0
3 years ago
Cost of​ equity: SML. Stan is expanding his business and will sell common stock for the needed funds. If the current​ risk-free
AysviL [449]

Answer:

a.

The cost of equity is 10% if beta is 0.75

b.

The cost of equity is 11.20% if beta is 0.9

c.

The cost of equity is 12.40% if beta is 1.05

d.

The cost of equity is 13.60% if beta is 1.2

Explanation:

The SML approach is used to calculate the required rate or return (r) which is the minimum return that the investors require to invest in a company's stock. This is also referred to as the cost of equity. The formula for required rate of return under SML is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on Market

a.

r = 0.04 + 0.75 * (0.12 - 0.04)

r = 0.10 or 10%

b.

r = 0.04 + 0.9 * (0.12 - 0.04)

r = 0.112 or 11.20%

c.

r = 0.04 + 1.05 * (0.12 - 0.04)

r = 0.124 or 12.40%

d.

r = 0.04 + 1.2 * (0.12 - 0.04)

r = 0.136 or 13.60%

8 0
4 years ago
Market failure occurs when a free market is unable to
Leokris [45]
Market failure occurs when a free market is unable to A) distribute resources efficiently.
6 0
4 years ago
Read 2 more answers
Assume you are the CEO of Black Diamond, a global organization. You need to assemble members for new project team that is based
Andreyy89

Answer:

culturally similar

Explanation:

In this case, you might seek to put people on the project who are from a culturally similar country. These types of countries share the same cultural backgrounds and therefore individual's from these countries usually have the same beliefs, ideas, habits, etc. This similarity allows these individuals to easily bond and work together easily. Ultimately, this would be the best option for a group project since it will drastically increase efficiency if the members are able to work together more fluently.

8 0
3 years ago
Other questions:
  • Which of the following trade barriers is an example of a tariff?A. The U.S. federal government bans all foreign-produced beef fr
    13·1 answer
  • Your company is upgrading the breakroom and kitchen. It is going to include an expresso machine, a fridge with compartments for
    15·1 answer
  • Vicky asks walt, a cobbler, to repair a pair of boots. there is no discussion of a price, and vicky and walt do not sign any doc
    9·1 answer
  • One of the problems unions are experiencing today is the reluctance of autoworkers in southeastern United States to join unions.
    14·1 answer
  • The consumer price index is __
    9·1 answer
  • Which of these occupations is INCORRECTLY paired with the level of education required? A) Welder→ Bachelor's degree B) Teacher→
    11·2 answers
  • Match each type of tax with an example of its use.
    9·1 answer
  • Consider the following information for Evenflow Power Co.,
    15·1 answer
  • A credit card had an Apr of 12.87% all of last year and compounded interest daily. What was the credit card's effective interest
    13·1 answer
  • Do you agree that employers should be required by law to provide workers compensation insurance? Why or why not?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!