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3 years ago

Which of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault?

1 answer:

3 0

Which of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault? B. Collision

Joe Johnson needs surgery for appendicitis. which part of his basic insurance coverage should help pay this surgery? B. Surgical Expense Insurance

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Detailed information about the financial statement elements is maintained in records commonly called?

sergij07 [2.7K]

Detailed information about the financial statement elements is maintained in records commonly called "Accounts'

An account in accounting is a general ledger entry that is used to categorize and record transactions. For example, businesses will have a Cash account where they may record each transaction that raises or reduces the amount of cash they have on hand.

Three different accounts exist.

Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year.
Personal accounts link the accounts of people,
Businesses, and organizations. All accounts for income, spending, losses and profits are related by a nominal account.

To learn more about financial statements

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4 0

2 years ago

Corporate blogs are easy to maintain because they do not require in-depth writing or monitoring of comments. True False

Hoochie [10]

The answer to this question is FALSE. Corporate blogs are not easy to maintain because in making business blogs time is always needed especially in having a schedule in posting frequently in the blog. Corporate blogs can be external or internal blogs. External blogs are blogs that are available in the public to see and interact while Internal blogs are blogs within the company organization use only.

3 0

3 years ago

Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc

nadezda [96]

Answer:

WACC = 9.22%

Explanation:

after tax cost of debt = 7.8% x (1 - 34%) = 5.148%

Re = 12.4%

cost of preferred stock = 8%

total value:

105,000 common stocks x $22 = $2,310,000

25,000 preferred stocks x $45 = $1,125,00

$1,500,000 bonds x 0.98 = $1,470,000

total value = $4,905,000

capital structure:

common stocks = $2,310 / $4,905 = 47.09%

preferred stocks = $1,125,00 / $4,905 = 22.94%

debt = $1,470,00 / $4,905 = 29.97%

WACC = (47.09% x 0.124) + (22.94% x 0.08) + (29.97% x 0.05148) = 9.22%

8 0

3 years ago

Joe runs a restaurant. he pays his employees $200,000 per year. his ingredients cost him $50,000 per year. prior to running hi

nikklg [1K]

The cost of running the restaurant is $250000 per year

6 0

3 years ago

The following information pertains to Blossom Company.

Dimas [21]

Answer:

A. Adjusted cash balance per bank $13,545

Adjusted cash balance per books $13,545

B. July 31

Dr Cash $2,520

Cr Accounts Receivable $2,520

July 31

Dr Bank service charge $63

Cr Cash $63

Explanation:

A. Preparation of a bank reconciliation at July 31, 2010

PHAROAH COMPANY

Bank Reconciliation

31-Jul-10

Cash Balance per bank statement $10,962

Add: Deposit in transit $4,473

$15,435

Less: Outstanding checks $1,890

Adjusted cash balance per bank $13,545

Cash balance per books $11,088

Add: Electronic fund transfer received $2,520

$13,608

less; Bank service charge $63

Adjusted cash balance per books $13,545

B. Preparation of the adjusting entries at July 31 on the books of Sunland Company.

July 31

Dr Cash $2,520

Cr Accounts Receivable $2,520

(To record electronic fund transfer received by bank)

July 31

Dr Bank service charge $63

Cr Cash $63

(To record bank service charges )

4 0

3 years ago