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son4ous [18]
3 years ago
10

Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equip

ment, net of $624,000 accumulated depreciation 925,000 Total assets $ 1,243,800 Liabilities and Stockholders' Equity Accounts payable $ 259,000 Common stock 760,000 Retained earnings 224,800 Total liabilities and stockholders' equity $ 1,243,800 Q: What is the cost of December merchandise purchases
Business
1 answer:
dedylja [7]3 years ago
5 0

Answer:

so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny

make this simple and not hard i cant answer this

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Use the following information to answer questions 4a.1-4a.5 Gerrell Corp. is comparing two different capital structures. Plan I
maxonik [38]

Answer:

Gerrel Corp.

EPS (Earnings per share) = Earnings after Tax/Number of outstanding shares

Plan I:

EBIT =                    $90,000

Interest =                 $4,750 ($95,000 x 5%)

Pre-Tax Income = $85,250

Income Tax Exp.      34,100 ($85,250 x 40%)

After Tax Income  $51,150

EPS = $51,150/18,000 = $2.84 per share

Plan II:

EBIT =                    $90,000

Interest =                 $9,500 ($190,000 x 5%)

Pre-Tax Income = $80,500

Income Tax Exp.     32,200 ($80,500 x 40%)

After Tax Income  $48,300

EPS = $48,300/14,000 = $3.45 per share

Plan III:

EBIT =                    $90,000

Pre-Tax Income = $90,000

Income Tax Exp.     36,000 ($90,000 x 40%)

After Tax Income $54,000

EPS = $54,000/22,000 = $2.45 per share

Explanation:

a) Data and Calculations:

Plan I = 18,000 shares + $95,000 debt

Plan II = 14,000 shares + $190,000 debt

Difference = 4,000 shares + $95,000 debt

Share price = $95,000/4,000 = $23.75

EBIT = $90,000

Interest Rate = 5%

Corporate Tax Rate = 40%

b) Capital Structure:

Plan I: (Equity and Debt)

Shares of 18,000 x $23.75 + $95,000 debt = $522,500 in total capital

Plan II: (Equity and Debt)

Shares of 14,000 x $23.75 + $190,000 debt = $522,500 in total capital

Plan III: (All-equity plan):

Shares of 22,000 x $23.75 = $522,500 in total capital

c) The Earnings per share is the measurement of the Net Income to stockholders divided by the number of outstanding shares.  It gives an idea about the profitability of the entity, especially with regard to the profit made for common stockholders.  The EPS is also one of the metrics used in the calculation of the P/E ratio to indicate whether a company's shares are undervalued or overvalued.

5 0
3 years ago
Harvey Rabbitt pays for monthly cable TV service. Last​ week, the cable company informed Harvey that his monthly cable price wou
hichkok12 [17]

Answer:

The company pass from monopoly to a competitive market.

The new companies increase the supply and therefore, the equilibrium price decreases.

Explanation:

The approval of new cable companies generates an increase in the supply. As the suply shift to the right the quantity (people wiht a monthly cable service) will increase and the price (monthly fee) decrease.

Harvey's Company is already starting to decrease his price to do an effort to retain his customer. This company is no longer a monopoly so it will decrease price to be more competitive.

8 0
2 years ago
Douglas International consistently estimated its bad debt expense at 2 percent of credit sales. In 2020, however, Douglas determ
Anastaziya [24]

Answer: $420,000 of expense in the income statement as an ordinary item. Douglas’ accounts for this change in estimate in the period of change by reporting the newly calculated amount of bad debt expense as an ordinary item of income. Changes in estimate are not considered an extraordinary item, an error correction, or a change in accounting principle.

4 0
2 years ago
A bank might consider all of the following costs and benefits in making a decision as to whether to go? cashless, except:
Dovator [93]

D. The willingness of stores and merchants to accept electronic payments.

Explanation:

Benefits of Cashless transactions:

  • Lesser crime rate
  • Less money laundering
  • Time saving
  • Easy currency exchange

Factors to be considered by banks for cashless transactions:

  • availability of technology
  • convenience
  • exposure to hackers
  • exposure to electronic fraud schemes

Option D has nothing to do with banks for considering in making decisions regarding implementation of cashless transactions.

8 0
3 years ago
The objective of general-purpose financial reporting is to provide financial information about a reporting entity to each of the
Anna007 [38]

Answer:

D) All of these answers are correct.

Explanation:

A company's financial reports are not top secret, their taxes are based on them. They main purpose of preparing financial reports is to provide useful information for current and potential investors, and current and potential lenders.

Any company that needs to raise equity must show their financial reports to current and potential investors so that they can decide whether to invest or not in the company. Publicly traded corporations must present their financial records to the market. Every single bank (or any other type of lender including  investors willing to buy bonds) will request a copy of the financial statements to analyze if the company is going to be able to pay them back.

5 0
3 years ago
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