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3 years ago

The following information is available for Mint Corporation:

Business

1 answer:

Wewaii [24]3 years ago

3 0

Answer:

A. Total paid-in capital $2,900,000

B. Total stockholders' equity $3,650,000

Explanation:

A. Calculation to determine the Total paid-in capital

Total paid-in capital = ($1,500,000 + $200,000 + $750,000 + $450,000)

Total paid-in capital = $2,900,000

Therefore Total paid-in capital will be $2,900,000

B. Calculation to determine the Total stockholders' equity

Total stockholders' equity = ($2,900,000 + $800,000 – $50,000

Total stockholders' equity = $3,650,000

Therefore Total stockholders' equity will be $3,650,000

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A real estate developer is evaluating a 40-unit apartment development. The expected average occupancy is 90%. Cost of land: $1,2

UNO [17]

Answer:

Monthly Rent = 92825.46

Explanation:

$C * \frac{1-(1+r)^{-time} }{rate} = PV\\$

Total investment 6,000,000

Income per year: X

rate of return 0.009489 per month

time 25 years x 12 months = 300

We will solve for the monthly income of the project.

$C * \frac{1-(1.009489)^{-300} }{0.009489} = 6,000,000\\$

This should be the net income per month $60,492.12803

Now well do the monthly income statment to solve for rent:

Rent + Aprreciation of land - Property tax - maintenance = net income

Rent + 1,200,000 x 0.05/12 - 400,000/12 - 100 x 40 = 60492.13

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4 years ago

What is a demand curve also known as?

Marta_Voda [28]

A demand curve is the numbers of a demand schedule plotted onto a graph, therefore I believe the answer you are looking for is demand schedule.

Hope this helps!! (:

6 0

3 years ago

Recount the methods used to assign costs to inventory and cost of goods sold under both a perpetual and a periodic system.

puteri [66]

Answer:

Explanation:

Perpetual inventory system is an inventory management system that records the real time transaction of inventory through a continuous tracking of movement by technology .

In periodic inventory system , inventory update are made on a periodic basis , and as such is less efficient when compared to the perpetual method.

The four known methods of inventory valuation are weighted average , First -in-first-out , Last -in - first-out , weighted average and the specific identification method

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3 years ago

Enter Mia’s total profit/loss for the month may account in the box below

mash [69]

To find the total profit or loss for the month:

Add total fixed and total variable expenses to get total expense.

9,000 + 300 = 9,300

Total expense = 9,300

To get total profit/loss, less total expenses from total revenue.

Total revenue = 9,500

9,500 - 9,300 = 200

Total profit/loss = $200

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3 years ago

The Pita Pit borrowed $100,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest

ch4aika [34]

Answer:

December 31 2021 Interest expense $2000 Dr

Interest Payable $2000 Cr

Explanation:

The interest on note payable is an expense. Assuming that the year end adjusting entries are made on 31 December, we will accrue the interest on note that relates to this year i.e. 2021 following the accrual basis of accounting. The interest that relates to 2 months of 2021 i.e. November and December will be:

Interest expense = 100000 * 0.12 * 2/12 = $2000

The interest will be recorded as interest expense and the interest expense account will be debited. As the interest is due but will be paid on maturity, we will credit interest payable account by the amount of interest due.

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4 years ago