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Nostrana [21]
3 years ago
8

On December 31, 2020, Wildhorse Company had $1,211,000 of short-term debt in the form of notes payable due February 2, 2021. On

January 21, 2021, the company issued 23,700 shares of its common stock for $46 per share, receiving $1,090,200 proceeds after brokerage fees and other costs of issuance. On February 2, 2021, the proceeds from the stock sale, supplemented by an additional $120,800 cash, are used to liquidate the $1,211,000 debt. The December 31, 2020, balance sheet is issued on February 23, 2021. Show how the $1,211,000 of short-term debt should be presented on the December 31, 2020, balance sheet.
Business
1 answer:
podryga [215]3 years ago
7 0

Answer and Explanation:

The presentation is as follows;

<u>Particulars            Amount ($) </u>

Current Liabilities  

Notes payable      $120,800

Long term debt  

Notes payable refinanced in February 2021 $1,090,200

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The optimal capital structure is 60% debt and 40% equity.

The correct answer is C

Explanation:

Optimal capital structure is a debt-equity mix that maximizes the stock price. Option C is a debt-equity mix that maximizes the stock price of the company.

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Andy, Ben, Liza, Ted, and Jim are online customer service representatives. They have all been reprimanded by their boss. Andy is
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B. Ben

Explanation:

Ben is the one that is less likely to show emotions or be upset when reprimanded. This is because Ben is the oldest amongst those listed and also a Male. Older males less likely experience high level of negative emotions when compared with younger individuals or their female counterparts. Younger people are said to experience high negative emotions when compared with older people. Females also have higher level of emotions, so they will definitely be upset after facing reprimand.

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"A marketing management technique whereby the company's current product offerings are reviewed to ascertain whether each product
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Product audit.

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Tin-Tin Waste Management, Inc., is growing rapidly. Dividends are expected to grow at rates of 30 percent, 35 percent, 25 percen
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Answer:

The dividend for the current year (D0) is $2.15.

Explanation:

This can be calculated as follows:

Current dividend = D0

Next dividend = (1 + relevant growth rate) * Current dividend ........... (1)

Based on equation (1), we have:

D1 = (1 + 0.30) * D0 = 1.30D0

D2 = (1 + 0.35) * D1 = 1.35 * 1.30D0 = (1.35 * 1.30)D0 = 1.755D0

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D4 = (1 + 0.18) * D3 = 1.18 * 2.19375D0 = (1.18 * 2.19375)D0 = 2.588625D0

D5 = (1 + 0.07) * D4 = 1.07 * 2.588625D0 = (1.07 * 2.588625)D0 = 2.76982875D0

Using Gordon Growth stable formula, we have price in year 4 (P4) as follows:

P4 = D5/(required rate of return - Perpetual dividend growth rate) ........ (2)

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P4 = 2.76982875D0/(0.16 - 0.07)

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Since the market price is the sum of all the present values of dividends from year 1 to 4 and P4, we have:

$47.85 = (D1 / (1 + required rate of return)^1) + (D2 / (1 + required rate of return)^2) + (D3 / (1 + required rate of return)^3) + (D4 / (1 + required rate of return)^4) + (P4 / (1 + required rate of return)^4) ...........(3)

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$47.85 = 22.2572996535323D0

D0 = $47.85 / 22.2572996535323

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