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2 years ago

What should you remember when you

Business

2 answers:

love history [14]2 years ago

4 0

Hiiiiiiiiiiiiiiiiiiiiiiiiiiii 61627370+262637737373=262662633y

Naily [24]2 years ago

3 0

Answer:

Explanation:

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Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui

makkiz [27]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets = Liabilities + Equity

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Op. expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000 = Liabilities $12,000 + Equity $16,000

b. Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash $8,000

Land $20,000

Total assets $28,000

Liabilities:

Bank loan $12,000

Equity:

Common stock $7,000

R/Earnings 9,000

Total equity $16,000

Liabilities and

Equity $28,000

c. Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000. The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

7 0

2 years ago

Keenan has won the lottery for $10,000,000. He is offered a cash payment now of $7,500,000, or 10 annual payments of $1,000,000.

Katarina [22]

Answer:

a) 5,6%

b)$16 191 937.48

Explanation:

Download docx

7 0

2 years ago

Select the correct answer from each drop-down menu.

QveST [7]

Answer:

government's policy.

Explanation:

Govenment policies on tax decide what to tax and where to allocate the resources of the tax.

7 0

3 years ago

Additional information: The net cash provided by operating activities for 2017 was $190,800. The cash used for capital expenditu

Studentka2010 [4]

-- missing information--

Balance Sheet

December 31, 2017

Assets

Current assets

Cash 60,100

Debt investments 84,000

Accounts receivable (net) 169,800

Inventory 145,000

Total current assets 458,900

Plant assets (net) 575,300

Total assets 1,034,200

Liabilities and Stockholders’ Equity

Current liabilities

Accounts payable 160,000

Income taxes payable 35,500

Total current liabilities 195,500

Bonds payable 200,000

Total liabilities 395,500

Stockholders’ equity

Common stock 350,000

Retained earnings 288,700

Total stockholders’ equity 638,700

Total liabilities and stockholders’ equity $1,034,200

Income Statement

For the Year Ended December 31, 2017

Net sales $2,218,500

Cost of goods sold 1,012,400

Selling and administrative expenses 906,000

Interest expense 78,000

Income tax expense 69,000

Net income $ 153,100

Answer:

(i) Working capital. $ 263,400

(ii) Current ratio 2.35

(iii) Free cash flow. $ 98,800

(iv) Debt to assets ratio. 38.2%

(v) Earnings per share. $ 3.062

Explanation:

(i) Working capital.

Current Assets - Current Liabilities:

458,900 - 195,500 = 263,400

(ii) Current ratio

Current Assets / Current Laibilities

458,900 / 195,500 = 2.35

(iii) Free cash flow.

cash from operations less cash used for capital expenditures

190,800 - 92,000 = 98,800

(iv) Debt to assets ratio.

Liaiblities / Assets

395,500 / 1,034,200 = 0.382421195

(v) Earnings per share.

net income / average shares outstanding

$ 153,100 / 50,000 = 3.062

7 0

2 years ago

In the small town of geneva, there are 5 firms that make watches. the firms’ respective output levels are 30 watches per year, 2

VMariaS [17]

The four-firm concentration ratio is a term used to refer to the market share of the four largest firms. In this given example, the total number of output every year is 100 watches per year. Then, 90 of which are coming from the four largest firm. Thus, the four-firm concentration ratio is equal to 90%.

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2 years ago