Answer:
The value of the company according to MM Proposition I with taxes is $528294.55
Explanation:
value of unlevered firm = EBIT(1-T)/Ru
= 72000*(1 - 24%)/11%
= 497454.55
value of levered firm = 497454.55 + 128500*0.24
= $528294.55
Therefore, The value of the company according to MM Proposition I with taxes is $528294.55
Answer:
The effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
The error does not have effect on the 2004 ending retained earnings balance.
Explanation:
Let the amount of the commission expense be xxxx.
At the end of 2003, the journal entries should have been as follows:
Debit Commission expense for xxxx
Credie Commission payable for xxxx
Also, we have:
Working capital = Current assets – Current liabilities ………… (1)
From equation (1), current liabilities are understated because commission payable which was not recorded is an item under current liabilities. Since the current liabilities are understated, that indicates that the working capital in equation is overstated. Therefore, the effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
When the 2003 commission expense in the entries above was paid in 2004, it would have been recognized as an expense. This made the error to counterbalance. This implies that the 2004 ending retained earnings balance is still correct despite that there are errors in the earnings of the two years. Therefore, the error does not have effect on the 2004 ending retained earnings balance.
<span>The contractor can collect from the estate only. The contractor and Clay made an agreement only in oral form, not in written agreement. So, the contractor could not got after Clay. </span>
Answer:
Maintenance, Installation, and Repair
Explanation:
Heres some evedence to proove:
During her day, Tiara often works on about eight different cars fixing any problems and making suggestions to customers about how to keep their cars in working condition. She manipulates numbers throughout the day to get her customers the best price possible. Based on her tasks, which most likely is her career?
^O^
Answer:
like what key words the key words I know are she he I him her your you are yours us we names they them themselves and I think that's it
