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3 years ago

Assets = liabilities + owners' equity is the equation for information reported on the

1 answer:

3 0

<span>Assets = liabilities + owners' equity is the equation for information reported on the: Balance sheet

In accounting, balance basically represents a brief overview about what the company currently own.
Assets represent something valuable that the company own to conduct their operation, Liabilities represent the debt that they have to pay to other individual or entities, And owner equity represents how much ownership one person have from all the things that the company owns.</span>

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Suppose an economist argues that it would be fairer if everyone in society had to pay the same portion of their income in taxes

nata0808 [166]

Answer:

Proportional Tax

Explanation:

A proportional tax imposes the same flat rate (in %) on income as payable tax.

Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.

8 0

3 years ago

Sunland Company is considering these two alternatives for financing the purchase of a fleet of airplanes. 1. Issue 60,000 shares

Bingel [31]

Answer:

Issuing Stock Issuing Bonds

Net income $573,300 $361,620

Earnings per share $3.79 $3.97

Explanation:

Calculation to determine the effect on net income and earnings per share for issuing stock and issuing bonds.

ISSUING STOCK ISSUING BONDS

Income before interest and taxes

$819,000 $819,000

Interest ($2,520,000 x 12%) $0 $302,400

Income before taxes $819,000 $516,600

($819,000-$302,400=$516,600)

Income tax expense (30%) $245,700 $154,980

(30%*$819,000=$245,700)

(30%*$516,600=$154,980)

NET INCOME $573,300 $361,620

($819,000-$245,700=$573,300)

($516,600-$154,980=$361,620)

Outstanding shares 151,100 91,100

(60,000shares+91,100 shares=151,100)

Earnings per share $3.79 $3.97

($573,300/151,100=$3.79)

($361,620/91,100=$3.97)

Therefore the effect on net income and earnings per share for issuing stock and issuing bonds are :

Issuing Stock Issuing Bonds

Net income $573,300 $361,620

Earnings per share $3.79 $3.97

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3 years ago

The major consideration when considering lettering on a presentation aid should be how fancy and expensive it looks.

Brut [27]

<span>This depends on the audience as well as the presenter and if it is a formal or informal presentation. The age of the audience would play a role in the visual art of the presentation. There are many stipulations that would play a role in this.</span>

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3 years ago

Marwick Corporation issues 8%, 5 year bonds with a par value of $1,000,000 and semiannual interest payments. On the issue date,

schepotkina [342]

Answer:

The bond's issue(selling) price is $1,085,308.00

Explanation:

The price of the bond is the present values of the future cash flows discounted to present values.Instead of discounting the coupons an annuity factor was used instead but the par value receivable at maturity was discounted using the discounting factor in the question.

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4 years ago

___ comes from increases in the money supply.

vagabundo [1.1K]

Answer:

Consumer Price Index (CPI)

Explanation:

1- By definition CPI is the weighted average of a consumer's basket volume for any purchase service or good. When money supply increases, GDP increases, and the spending of a customer increases. Hence resulted in increased CPI.

2- Interest rate decreases when money supply increases

3- Inflation is by definition a steady increase in the money supply if a country. So one can be replaced by another. Inflation does not come from money supply increase, it is in fact money supply increase

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3 years ago

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