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3 years ago

14

Adjustments help to ensure that __________ balances are reported at amounts representing the economic benefits used during the p

eriod.

1 answer:

ycow [4]3 years ago

3 0

Answer:

<em>Adjustments help to ensure that </em><em><u>asset </u></em><em> balances are reported at amounts representing the economic benefits used during the period.</em>

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A new accountant at Tamarisk, Inc. is trying to identify which of the amounts shown below should be reported as the current asse

lara [203]

Answer:

Total cash and cash equivalent: 21,528

Explanation:

1. <em>petty fund: 66</em> It does count as is cash.

2. The TB is due within 90 days.<em> It does count: 10,900</em>

3. The check can be convert into cash. Do count as cash: <em>290</em>

4. Within 90-days It is a cash equivalent: <em>92</em>

5. Company's checking account: <em>2,890</em>

6. Savings accounts: <em>7,290</em>

7. the postage meter cannot convert into cash.

8. The IOU from the receptionist will discount from his paycheck it cannot convert into check.

<u>Total cash:</u>

66 + 10,900 + 290 + 92 + 2,890 + 7,290 = 21,528

3 0

3 years ago

Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventor

DIA [1.3K]

<span>Take the required information from the question, Beginning work in process inventory 61,500 Cost of direct materials requisitioned 91,300 Direct labor incurred 125,000 Cost of goods manufactured 287,000 Cost of goods sold 265,000 Manufacturing overhead rate 125% Calculating the total labor that is incurred = 125000 x (125/100) = 125000 x 1.25 = 156,250 Process inventory balance at the end = add all the used inventory costs and subtracting the cost of manufactured costs = $156,250 + 125,000 + 61,500 + 91,300 - 287,000 = $147,050</span>

3 0

3 years ago

Barbara got a flat tire and does not have a spare. She needs her car for work, so she goes to a business that offers payday loan

yKpoI14uk [10]

Answer:

Ans. c) The annual percentage rate of the loan is approximately 913%

Explanation:

Hi, well, she borrowed $75 and paid $90 ($75 + $15 fee) in 8 days. So we need to use the following formula to check what 8 days percentage rate was applied to this loan.

$r=\frac{FinalValue}{InitialValue} -1$

That is:

$r=\frac{90}{75} -1=0.20$

So she pays 20% for 8 days, to know the annual rate (approx.) we need to do the following operation.

$r(Annual)=\frac{0.20}{8Days} *\frac{365Days}{1Year} =\frac{9.13}{1Year}$

That is 913% per year.

Best of luck.

6 0

3 years ago

Read 2 more answers

Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $84, and the book value per share is

Iteru [2.4K]

Answer:

Dinklage Corp.

a. The company's capital structure by book value:

Weights:

Equity = 9.84%

Debt = 90.16%

b. The company's capital structure by market value:

Weights:

Equity = 64.55%

Debt = 35.45%

Explanation:

a) Data and Calculations:

Outstanding common stock = 6 million shares

Current share price = $84

Book value per share = $5

Total equity book value = $30 million (6,000,000 * $5)

Total equity market value = $504 million (6,000,000 * $84)

First bond's face value = $145 million

Coupon rate = 5%

Selling price = 95% of par

Market value of first bond = $145 * 95% = $137.75 million

Second bond's face value = $130 million

Coupon rate = 4%

Market value = $130 * 107% = $139.1 million

Total market value of bonds = $276.85 million ($137.75 + $139.1)

Book value of bonds = $275 million ($145 + $130)

a. The company's capital structure by book value:

Equity = $30 million

Debt = $275 million

Total firm's value = $305 million

Weights:

Equity = $30/$305 * 100 = 9.84%

Debt = $275/$305 * 100 = 90.16%

b. The company's capital structure by market value:

Equity = $504 million

Debt = $276.85 million

Total firm's value = $780.85 million

Weights:

Equity = $504/$780.85 * 100 = 64.55%

Debt = $276.85/$780.85 * 100 = 35.45%

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3 years ago

In a double-blind experiment, ________. select one:

mars1129 [50]

It’s b or a not sure

4 0

3 years ago