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Kaylis [27]
3 years ago
11

Bravo Industries intends to retire $950,000 in short-term debt using proceeds from the sale of 30,000 shares of common stock. Th

e stock sells for $25 per share. How much of its short-term debt can Bravo exclude from current liabilities if the sale occurs after the balance sheet date but before the balance sheet issue
Business
1 answer:
harina [27]3 years ago
7 0

Answer:

the amount that should be excluded from the current liabilities is $750,000

Explanation:

The computation of the amount that should be excluded from the current liabilities is shown below;

= Number of shares in the common stock × selling price per share

= 30,000 shares × $25

= $750,000

Hence, the amount that should be excluded from the current liabilities is $750,000

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An advertiser wants to create ads that target potential customers in california. which targeting method should this advertiser u
PolarNik [594]
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Location targeting help advertisers to provide appropriate advertising that is relevant to the people that live in a certain location.
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5 0
3 years ago
A stock has a correlation with the market of 0.49. The standard deviation of the market is 25%, and the standard deviation of th
olasank [31]

Answer:

Stock's beta  = 0.65 (Approx)

Explanation:

Given:

Correlation = 0.49

Standard deviation of stock (SDs) = 33% = 0.33

Standard deviation of market  (SDm) = 25% = 0.25

Find:

Stock's beta

Computation:

Stock's beta = Correlation(SDs) / SDm

Stock's beta = 0.49 (0.33) / 0.25

Stock's beta  = 0.65 (Approx)

4 0
3 years ago
A representative meets a potential client at a convention. The client is interested in an investment giving life-long income, an
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Answer:

The representative should talk to the manager to determine if there was a Know Your Customer violation

Explanation:

5 0
3 years ago
A student has a savings account earning 9% simple interest. She must pay $1400 for first-semester tuition by September 1 and $14
IRINA_888 [86]

Answer: The answer is $2,759.22

Explanation: From the question above, we have:

September 1st to January 1st is 4 months, this is 1/3 of a year which means that the student will earn:

=> 9/3 = 3%

3% interest for the money that is saved is the savings account. So the student must put in at least:

x + 3%x = 1400

x + 0.03x = 1400

1.03x = 1400

x = 1400 / 1.03

x = 1,359.22

Therefore, if the student saves $1,359.22 in the savings account By September 1st, she will have $1400 by January 1st.

Also, the student needs to make $1400 for the first semester. So overall she will need to make:

1,400 + 1,359.22 = $2,759.22 during the summer in order to ensure that she will have enough money to pay for both semesters.

7 0
3 years ago
On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimat
Ymorist [56]

Answer: $4,811

Explanation:

Assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible that would be,

= 6% * 98,700

= $5,922

The Allowance for Doubtful Accounts acts as a buffer for the business when bad debts are incurred.

Bad debts are taken from the Allowance as the Allowance has already been removed from the Receivables.

In cases where Bad debts exceed the buffer in the Allowance for Doubtful Debt Account we take everything in it and the remaining bad debt amount is debited to Bad Debt expense.

That would be,

= 5,922 - 1,111

= $4,811

$4,811 is the amount that should be debited to Bad Debts Expense.

3 0
4 years ago
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