An agreement exists when one party offers a certain bargain to another party.

When businesses are waiting for a customer to pay them for

nata0808 [166]

A liability is something a person or company owes, usually a sum of money. Liabilities are settled over time through the transfer of economic benefits including money, goods, or services. Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and acrrued expenses

3 0

3 years ago

Read 2 more answers

Feedback is important in improving your performance, and we should solicit feedback, and not just wait until someone provides us

Serhud [2]

Answer:

The given statement is "True".

Explanation:

Feedback would be a significant aspect in improving the accomplishment or organization's success.
Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.

Thus the above is the correct answer.

8 0

3 years ago

The Valhalla Corporation needs to raise $84 million to finance its expansion into new markets. The company will sell new shares

antiseptic1488 [7]

Answer:

It needs to sold 1,824,732 shares

Explanation:

we need 84,000,000 and also need to raise to cover the 850,000 expense

so total needs 84,850,000

then we will pay a 7% commision

so we need to have a gross raise of

84,850,000 / (1-0.07) =91,236,559.14

Now, we diivde this by 50 which is the offered price of the shares:

91,236,559.14 / 50 = 1.824.731,182 = 1,824,732

we round to a whole numebr as we cannot issue half shares.

8 0

4 years ago

We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is

zvonat [6]

Answer:

Best-Case Worst-Case

NPV NPV

PV of cash inflows $2,897,706 $3,187,477

PV of project cost $1,680,000 $1,848,000 ($1,680,000 * 1.1)

NPV $1,217,706 $1,339,477

Explanation:

a) Data and Calculations:

Initial project cost = $1.68 million

Project's estimated life = 6 years

Salvage value = $0

Depreciation expense = $280,000 ($1.68 million/6)

Income Statement:

Sales revenue (90,000 * $37.95) = $3,415,500

Cost of goods sold:

Variable cost (90,000 * $23.20) = 2,088,000

Gross profit = $1,327,500

Fixed costs = 815,000

Income before tax = $512,500

Income tax (21% of $512,500) = 107,625

Net income = $404,875

Add depreciation expense 280,000

Annual cash inflows = $684,875

PV annuity factor for 6 years at 11% = 4.231

PV of annual cash inflows of $684,875= $2,897,706 ($684,875 * 4.231)

Annual cash inflows = $753,363 ($684,875 * 1.1)

PV of annual cash inflows of $753,363 = $3,187,477 ($753,363 * 4.231)

3 0

3 years ago

On December 31, 2016, Krug Company reported pretax income of $300,000 prior to the following adjusting entries: Depreciation exp

qaws [65]

Answer: $279,000

Explanation:

Accrued revenue and expenses should be accounted for because they have been realized and incurred in the current period.

Used insurance and depreciation should be accounted for as the expenses they are and rent revenue earned should be treated as revenue.

Pretax income after adjustments:

= Pretax income + Accrued sales revenue + rent revenue - Depreciation - Accrued expenses - Insurance

= 300,000 + 36,000 + 2,000 - 38,000 - 17,000 - 4,000

= $279,000

3 0

3 years ago