1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
3 years ago
14

The balance sheet items of Kiner company as of December 31, current year, follow in random order

Business
1 answer:
liberstina [14]3 years ago
6 0
Retained Earnings = $86,000

Accounting Equation…Assets= Liabilities + Owners Equity

Assets (Cash, acct rec, equipment, building, land) = $421,000

Liabilities (Notes payable, accounts payable)= $260,000

Equity (capital stock) = $75,000

Liabilities + Equity= $335,000

Retained Earnings flows into equity

$421,000-$335,000= $86,000

$335,000+86,000= $421,000

So the equation balances.
You might be interested in
After high school, Laverne attends a specialized technical school and earns a certificate in farm equipment repair.......... Aft
BARSIC [14]

Answer:

he gets good grades and gets in a good collage

3 0
3 years ago
Read 2 more answers
Michael’s is considering a project that has projected sales of 4,200 units ± 5 percent, a sales price per unit of $50 ± 4 percen
julsineya [31]

Answer:

annual net income is $23077.25

Explanation:

Given data:

sales volume = 4200 units

selling price/units $50

variable cost/units $25

fixed cost is $45000

Total sales unit = 4200 + 5\% \times 4200 = 4410 units

selling price/unit = $50 + 4\%\times $50 = $52

variable cost/unit = $25- 5\%\times 25 = $23.75

fixed cost  = 45000 - 3\%\times 45000 = $43650

sales  =4410 \times 52 = $229320.00

variable cost  = 4410 \times 23.75 = 104737.5

difference = 229320 - 104737 = 124583

fixed cost = $43650

depreciation exchange = $11000

so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5

tax rate is 33%

so total income after tax is = 69932.5 \times .33 = $23077.725

4 0
3 years ago
5 years ago, Barton Industries issued 25-year noncallable, semiannual bonds with a $1,000 face value and a 12% coupon, semiannua
Leona [35]

Answer:

10.77%

Explanation:

FV: $1000

PV: $845.87

PMT: $60

Nper: 40 = (25 years - 5 years ago)* 2 for semi-annual payment

We use excel to calculate semi-annual discount rate by formula Rate(Nper,PMT,-PV,FV)

= rate(40,$60,-$845.87,$1000) = 7.18%

⇒ annual rate = semi-annual rate * 2 = 7.18% * 2 = 14.36%

after-tax cost of debt = 14.36% * (1 - 25%) = 10.77%

<em>Please see excel attached for the calculation</em>

Download xlsx
6 0
3 years ago
On January 1, 2017, Boston Enterprises issues bonds that have a $1,850,000 par value, mature in 20 years, and pay 7% interest se
ANTONII [103]

Answer:

Interest per six months =$64,750 .

Explanation:

B<em>onds are instruments used by companies, governments and other entries to borrow from the public. </em>

<em>They represent a contractual agreement where  the borrower commits to pay a percentage of the principal amount borrowed plus the principal amount to the lender or investor.</em>

The proportion of the amount borrowed which is paid as interest is called coupon. The interest payment is computed as the the coupon rate in percentage multiplied by the amount borrowed.

Interest payment = Coupon rate (%) × Nominal Value

 Annual interest payment    = 7%  × 1,850,000 =$129,500

Semi-annual interest payment = Annual interest payment/2

Semi-annual interest payment =129,500 /2 =64,750 .

Interest per six months =$64,750 .

Note we had to divide by 2 because they are two six months in a year.

6 0
3 years ago
Which of the following is considered in individually owned apartment?
ella [17]
The answer is C. A condominium 
6 0
2 years ago
Other questions:
  • Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c
    15·2 answers
  • Based on the following passage, what force can you infer is responsible for causing an implosion if not pressure?
    8·2 answers
  • _____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re
    6·1 answer
  • Quantity demanded: a. shows how much sellers are willing and able to sell at different prices. b. is the amount that buyers are
    15·1 answer
  • Direct mail recruiting works best for positions involving:​ a. ​ temporary work b. ​ low skill levels c. ​ specialized skills d.
    8·1 answer
  • The JSE provides a market where securities can be traded freely under a regulated procedure. The company acts as an intermediary
    11·1 answer
  • Pearsall Company's defined benefit pension plan had a PBO of $268,000 on January 1, 2021. During 2021, pension benefits paid wer
    12·1 answer
  • Frank's is a furniture store that is considering adding appliances to its offerings. Which one of the following is the best exam
    14·1 answer
  • Your company is about to undertake a major investment project. The project will require an initial outlay of $100 million for fi
    12·1 answer
  • If labor in mexico is less productive than labor in the united states in all areas of production:____.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!