Ask question

Ask question

All categories

Brilliant_brown [7]

3 years ago

12

The _____ reports the financial position of a firm by identifying and reporting the value of the firm's assets, liabilities, and

owners' equity.

1 answer:

Verdich [7]3 years ago

4 0

Answer:

balance sheet

Explanation:

You might be interested in

Class, Let's work on this together. Becca would like to organize BMI as either an LLC or as a C corporation generating a 4 perce

kodGreya [7K]

Answer:

LLC Description C Corp. Description

(1) Pretax earnings $18,000 4%*$450,000 $18000 4%*$450,000

(2) Entity level tax 0 $2,700 15% × (1)

(3) After-tax entity earnings $18,000 (1) – (2) $15,300 (1) – (2)

(4) Owner tax $5,040 (3)*28% $2,295 (3)* 15%

(5) After-tax earnings $12,960 (3)- (4) $13,005 (3) – (4)

6 0

3 years ago

Flint Suppliers reported cost of goods sold for 2017 of $880,000 and retained earnings of $1,230,000 at December 31, 2017. Flint

Sonbull [250]

Answer:

corrected amounts cost of goods sold = $916500

corrected amounts Retained Earnings = $1159000

Explanation:

given data

cost of goods sold = $880,000

retained earnings = $1,230,000

ending inventories 2016 = $34,500

ending inventories 2017 = $71,000

to find out

corrected amounts cost of goods sold and retained earnings

solution

we get here first corrected amounts for 2017 cost of goods sold will be here as

corrected amounts cost of goods sold = cost of goods sold - ending inventories 2016 + ending inventories 2017 .........1

corrected amounts cost of goods sold = $880,000 - $34,500 + $71,000

corrected amounts cost of goods sold = $916500

and now we get corrected amounts Retained Earnings that will be as

corrected amounts Retained Earnings = retained earnings - ending inventories 2017

corrected amounts Retained Earnings = $1,230,000 - $71,000

corrected amounts Retained Earnings = $1159000

8 0

3 years ago

Please help. Describe how stocks are purchased by investors.

attashe74 [19]

Answer:

Investors most commonly buy and trade stock through brokers. You can set up an account by depositing cash or stocks in a brokerage account. Firms like Charles Schwab and Citigroup's Smith Barney unit offer brokerage accounts that can be managed online or with a broker in person.

5 0

3 years ago

Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 13.00% for 2 years, af

vitfil [10]

Answer:

b. $35.02

Explanation:

The first dividends will be calculate by multiplying by the grow rate and bring them to present value:

first year:

D0 x (1+g)

1.75 x 1.13 = 1.977500

Then we calcualte the present value:

$\frac{Principal}{(1 + rate)^{time} } = PV$

1.9775/1.12 = 1.7656

second year:

D1 x (1+g)

1.9775 x (1.13) = 1.7656

$\frac{1.7656}{(1 + 0.12)^{2} } = PV$

PV: 1.7814

Finally,, we calcualte the present value of the next dividends using the dividend grow model

$\frac{divends}{return-growth} = Intrinsic \: Value$

We calcualte next year dividneds:

D2 x (1+g) = D3

1.9775 x 1.06 = 2.368650

g = 6%

and return 12%

$\frac{2.36865}{0.12-0.06} = Intrinsic \: Value$

39.47749167

then, we calcualte the present vale:

$\frac39.47749167}{(1 + 0.12)^{2} } = PV$

PV = 31.4712

Finally, we add all these values

1.7656 + 1.7814 + 31.4712 = 35,0182 = 35.02

This will be the estimate current stock price.

5 0

3 years ago

Select one of the choices below that best completes the following sentence: If an investor sold long-term bonds and used the pro

nydimaria [60]

Answer:

Reinvestment; Price

Explanation:

Reinvestment risk refers to the possibility that an investor will be unable to reinvest cash flows at a rate comparable to their current rate of return.

Price risk is the potential for the decline in the price of an asset or security relative to the rest of the market. It excludes market risk, or the potential for an entire market to go down in value.

4 0

3 years ago