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ddd [48]
2 years ago
6

Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 w

as $58. What is Tobin’s Q for Smolira Golf? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
DaniilM [7]2 years ago
8 0

Answer:

Note: Missing question is attached below

Market value of equity = Shares * Share price = 20,000 * $58 = $1,160,000

Total debt = Current liabilities + Long term debt = $83,416 + $145,000 = $228,416

Book value of assets = $627,868

Tobin's Q = MV of equity + Bv of debt / Bv of assets

Tobin's Q = $1,160,000 + $228,416 / $627,868

Tobin's Q = 2.21

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Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? store of
grandymaker [24]

Answer:

The correct answer is: medium of exchange.

Explanation:

The medium of exchange function of money that helps the society in gaining the benefits of geographic and labor specialization.  

The medium of exchange function means that money is an asset that is widely accepted as a medium of exchange in the transactions involving the exchange of goods and services.  

The medium of exchange function of money eliminates the need for double coincidence of wants. Thus helps in labor and geographic specialization.

4 0
3 years ago
Assume the following information pertaining to Moonbeam Company:
Nana76 [90]

Answer:

<u>d. Material Purchases =  $ 169,000</u>

Explanation:

Cost Of Goods Statement.

Beginning Direct Materials =         $117,000

Add Material Purchases =            $ 169,000

Less Ending Direct Materials =     <u>$130,000 </u>

Direct Materials Used =                 $156,000 ( given)

Direct Labor=                                    $ 697,000

Factory Overhead =                         $199,000

Total Manufacturing Costs =           $896,000

Beginning WIP Inventory =              $85,000

Ending WIP Inventory =                 $104,000

Cost of Goods Manufactured=      $ 1033,000

Beginning Finished Goods Inventory = $130,000

Ending Finished Goods Inventory = $124,000

Cost Of Goods Statement               = $ 1039,000

4 0
3 years ago
The population of ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 are looking
Marina CMI [18]
60 Becuase only 60 are working.
7 0
3 years ago
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,500. Budgeted cash rec
Mice21 [21]

Answer:

$12,500

Explanation:

Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

$19,500+190,500-191,000= 19,000

Then, you have to subtract 19,000 from 31,500 to determine the amount that the company needs to attain its desired ending cash balance:

31,500-19,000= 12,500

According to this, the company should borrow $12,500.

4 0
3 years ago
A purchase of equipment for $18,000 also involved freight charges of $500 and installation costs of $2,500. The estimated salvag
IrinaVladis [17]

Answer:

$4,750

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ (useful life)

where,

Original cost = $18,000 + $500 + $2,500 = $21,000

And, the other items would remain same

Now put these values to the above formula

So, the value would be equal to

= ($21,000 - $2,000) ÷ (4 years)

= ($19,000) ÷ (4 years)  

= $4,750

3 0
3 years ago
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