Answer:
39.45%
Explanation:
For the computation of capital structure weight of the common stock first we need to follow some steps which is shown below:-
Step 1
The Market value of common stock = Shares of common stock × Price of common stock
= 100,000 × $37
= $3,700,000
Step 2
The Market value of preferred stock = Shares of preferred stock × price of preferred stock
= 6000 × $30
= $180,000
Step 3
The Market value of bonds = No. of bonds × par value × Selling rate
= 5,000 × $1,000 × 110%
= $5,500,000
Step 4
Total capital = $3,700,000 + $180,000 + $5,500,000
= $9,380,000
and finally
Capital structure weight of common stock = market value of common stock ÷ total capital
= $3,700,000 ÷ $9,380,000
= 0.3945
or
= 39.45%
Answer:
Dr. Allowance for doubtful accounts $30,000
Cr. Account receivables $30,000
Explanation:
Allowance for doubtful accounts is an estimate of the receivables which are not expected to be received in future. It is an contra asset account and adjusted against the accounts receivable. On balance sheet Accounts receivable is reported after adjusting the value of allowance for doubtful accounts.
Write off is also adjusted in allowance for doubtful accounts by debiting the allowance for doubtful accounts and crediting the accounts receivables.
Answer:B) $28,980.
Explanation:
Beginning inventory is 6,000 ounces
Closing inventory = 8,200 × 3 ounces × 25% = 6,150ounces
Budgeted production = 8,000 × 3 ounces=24,000
Direct material to be purchased = Closing inventory + Budgeted production - Beginning inventory= 29,400 ounces
Direct material to be purchased = 6,150ounces +24,000- 6,000 ounces
= 24,150 ounces
Now,For $1.20 per pounce, it would be
= 24,150 ounces × $1.20
= $28,980.
Answer:
The correct answer is A
Explanation:
Delegation is the term in accounting which is defined as the assignment of authority to some another person in order to carry out the particular activities. And the person or individual who delegate the work will remain accountable or responsible for the outcome or result of the work which is delegated.
So, in this case, Ruby need expertise of Katherine in writing a chapter and they signed a contract for the same but if Katherine delegates the work to Dana, then the delegation would not so effective as the duty involve the personal services.
