Discuss why drugs test is a controversial component of the personnel selection progress.

Sunland Company incurs these expenditures in purchasing a truck: cash price $27,210, accident insurance (during use) $1,570, sal

aliina [53]

Answer:

Cost of Truck = $31,540

Explanation:

given data

cash price = $27,210

accident insurance = $1,570

sales taxes = $1,840

motor vehicle license = $670

painting and lettering = $2,490

to find out

cost of the truck

solution

as we know that Accidental insurance and the vehicle license are not include in cost of truck

because there are yearly costs

so that cost of the truck will be as

cost of the truck = cash price + sales taxes + painting and lettering ...............1

put here value we get

Cost of Truck = $27,210 + $1,840 + $2,490

Cost of Truck = $31,540

3 0

3 years ago

Kountry Kitchen has a cost of equity of 10.6 percent, a pretax cost of debt of 5.2 percent, and the tax rate is 39 percent. If t

kap26 [50]

Answer: .27

Explanation:

The Debt to Equity Ratio is the amount of Debt per dollar that the company owes per dollar of Equity. It must add up to 1.

The Weighted Average Cost of Capital measures just how much a company needs to pay to it's capital holders including shareholders and debt holders.

The formula is,

WACC = (Cost of equity * Weight of equity) + (Cost of debt * Weight of debt)

Remember that Debt is tax deductible so the After tax cost of debt should be,

= 5.2% ( 1 - tax rate)

= 5.2% * ( 1 - 39%)

= 3.172%.

The debt weight is the amount of debt that the company has per dollar so that means that it is also the Debt to Equity ratio. Denote it as 'x' to find it. Remember that they must add up to one.

WACC = (Cost of equity * Weight of equity) + (Cost of debt * Weight of debt)

8.59% = 10.6% ( 1 - x) + 3.172%( x)

8.59% = 10.6% - 10.6%x + 3.172%x

8.59% = 10.6% - 7.428%x

7.428%x = 10.6% - 8.59%

7.428%x = 2.01%

x = 0.271

= 27%

Debt to Equity is 0.27.

7 0

3 years ago

According to the Not Too Big Enough article, what are some of the sources of scale economies in

Svet_ta [14]

According to the "Not Too Big Enough" article, some of the sources of scale economies in the banking and finance industry are as follows:

1. Bigger banks can spread their investment (fixed) costs over more output, thereby reducing the cost per unit and making it impossible for smaller banks to compete in the market. Most often, the smaller banks cannot afford investments in modern banking computing power and systems management.

2. Bigger banks can consolidate banking functions with the elimination of redundancies after each merger and acquisition. The cost of redundancies also gives them economies of scale.

3. Bigger banks have access to larger pools of deposits and will not engage in borrowing at higher costs. Smaller banks cannot tow this line because of their small scale, lacking the required funding mix.

4. Finally, advertising works best where a bank has a large geographic spread. The cost of advertising over a large area is worth it, unlike when a small bank markets its services by advertising.

2. These economies of scale mean that Oligopolies are increasing on Wall Street, and there will be further consolidations of smaller banks. Of course, every small bank would like to engage in mergers and acquisitions to grab a share of the scale economies.

Thus, as banks grow large, they should be mindful that enjoying the scale economies comes with the risk of crumbling like the banks regarded as "too big to fail" when they build on a pack of cards.

Learn more: brainly.com/question/3156270

7 0

3 years ago

Red Corp. has a unit Contribution Margin of $6, Variable Expenses of $2 per unit, and Fixed Expenses of $3,000. What is Red Corp

Katyanochek1 [597]

Answer:

A. 500 units

Explanation:

The computation of the break even point is given below:

Break even point is

= Fixed cost ÷ Contribution margin

= $3,000 ÷ $6

= 500 units

By dividing the fixed cost from the contribution margin we can get the break even point in units

Hence, the correct option is A.

4 0

3 years ago

The general ledger of the Karlin Company, a consulting company, at January 1, 2021, contained the following account balances:

mote1985 [20]

Answer:

1)

Service revenue, $104,000, of which $31,200 was on account and the balance was received in cash.

Dr Cash 72,800

Dr Accounts receivable 31,200

Cr Service revenue 104,000

Collected on accounts receivable, $22,300.

Dr Cash 22,300

Cr Accounts receivable 22,300

Issued shares of common stock in exchange for $8,000 in cash.

Dr Cash 8,000

Cr Common stock 8,000

Paid salaries, $37,750 (of which $6,250 was for salaries payable at the end of the prior year).

Dr Wages expense 31,500

Dr Wages payable 6,250

Cr Cash 37,750

Paid miscellaneous expense for various items, $20,400.

Dr Miscellaneous expenses 20,400

Cr Cash 20,400

Purchased equipment for $10,500 in cash.

Dr Equipment 10,500

Cr Cash 10,500

Paid $2,475 in cash dividends to shareholders.

Dr Dividends 2,475

Cr Cash 2,475

Accrued salaries at year-end amounted to $755.

Dr Wages expense 755

Cr Wages payable 755

Depreciation for the year on the equipment is $1,600.

Dr Depreciation expense 1,600

Cr Accumulated depreciation 1,600

Dr Service revenue 104,000

Cr Income summary 104,000

Dr Income summary 54,255

Cr Wages expense 32,255

Cr Miscellaneous expenses 20,400

Cr Depreciation expense 1,600

Dr Income summary 49,745

Cr Retained earnings 49,745

Dr Retained earnings 2,475

Cr Dividends 2,475

2)

Cash Accounts receivable

debit credit debit credit

33,200 10,500

72,800 31,200

22,300 22,300

8,000 19,400

37,750

20,400

10,500

2,475

65,175

Equipment Wages payable

debit credit debit credit

11,200 6,250

10,500 6,250

1,600 755

20,100 755

Common stock Retained earnings

debit credit debit credit

41,500 7,150

8,000 49,745

49,500 2,475

54,420

Service revenue Wages expense

debit credit debit credit

104,000 31,500

104,000 755

0 0 32,255

0 0

Miscellaneous expense Dividends

debit credit debit credit

20,400 2,475

20,400 2,475

0 0 0 0

Depreciation expense Income summary

debit credit debit credit

1,600 104,000

1,600 54,255

0 0 49,745

0 0

3 and 4) Karlin Company

Trial Balance Sheet

For the year ended December 31, 2021

Debit Credit

Cash $65,175

Accounts receivable $19,400

Equipment $20,100

Wages payable $755

Common stock $49,500

Retained earnings $7,150

Service revenue $104,000

Wages expense $32,255

Miscellaneous expense $20,400

Depreciation expense $1,600

Dividends $2,475

Totals $161,405 $161,405

5.a. Karlin Company

Income Statement

For the year ended December 31, 2021

Service revenue $104,000

Expenses:

Wages expense $32,255
Miscellaneous expense $20,400
Depreciation expense $1,600 ($54,255)

Net income $49,745

5.b. Karlin Company

Balance Sheet

For the year ended December 31, 2021

Assets:

Cash $65,175

Accounts receivable $19,400

Equipment $20,100

Total assets $104,675

Liabilities:

Wages payable $755

Total liabilities $755

Stockholders' equity

Common stock $49,500

Retained earnings $54,420

Total stockholders' equity $103,920

Total liabilities + equity $104,675

6) Karlin Company

post-closing Trial Balance Sheet

For the year ended December 31, 2021

Debit Credit

Cash $65,175

Accounts receivable $19,400

Equipment $20,100

Wages payable $755

Common stock $49,500

Retained earnings $54,420

Totals $104,675 $104,675

4 0

4 years ago