Answer:
The balance in the paid in capital in excess of par will be $478,950.
Explanation:
As 4,210 shares is retired and each shares carries a $5 Paid-in capital in excess of par ( Issued price - Par value = $8 - $3 = $5), the retirement of 4,210 shares will include the clear of 4,210 x 5 = $21,050 in Paid-in capital in excess of par.
The beginning balance of the Paid-in capital in excess of par account = (8 -3) x 100,000 = 300,000
=> The remaining balance of the Paid-in capital in excess of par account = 500,000 - 21,050 = $478,950.
So, the answer is $478,950.
Overdraft Protection is a financial institution's decision to honor your checks even when you have exceeded your balance. A fee is charged to you for every overdraft.
Answer:
$2,145
Explanation:
For the computation of Net Operating Profit After Taxes (NOPAT) first, we need to compute the tax rate which is shown below:-
Tax rate = Tax expense ÷ Earnings before tax
= 700 ÷ 2,000
= 35%
Net Operating Profit After Taxes (NOPAT) = EBIT × (1 - tax rate)
= 3,300 × (1 - 35%)
= $2,145
Therefore for computing the Net Operating Profit After Taxes (NOPAT) we simply applied the above formula.
Answer:
Accounts payable
Explanation:
Accounts payable is the amount that the firms owes to its suppliers. It is a current liability as it should be paid back within a year. Current assets represent current economic benefits of the firm that is utilized within the operating cycle of the firm. which is generally a year. Examples of current assets are inventory, accounts receivables (amount owed to the firm by customers) and cash in hand.
As such, other options except accounts payable are included in Erica's business as current assets.
