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
jenyasd209 [6]
2 years ago
6

Which of the statements below is correct regarding the difference between a temporary account and a permanent account?

Business
1 answer:
alisha [4.7K]2 years ago
3 0

Answer:A temporary account will not appear on a post-closing trial balance.

Explanation:

You might be interested in
A reading researcher does what
Dmitry_Shevchenko [17]

Answer:

They reveal how the author(s) interpreted the findings of their research and presented recommendations or courses of action based on those findings.

Explanation:

7 0
2 years ago
When the us dollar buys more japanese yen the us dollar has?
zvonat [6]
The dollar buys more yen<span> and the </span>dollar has<span> appreciated.</span>
8 0
3 years ago
The current yield is defined as the annual interest on a bond divided by the: Multiple Choice coupon rate. face value. market pr
kherson [118]

Answer:

The current yield is defined as the annual interest on a bond divided by the: market price

<h3><u>Explanation:</u></h3>

When investors acquire bonds, they do so essentially to produce income. The demanded annual rate of return is summoned as the current yield, and it is a gathering of the prevailing price and the amount of interest the bond meets.

current yield is a crucial measure because it determines the rate of return on your expense for as longspun as you hold the bond. The current yield is equivalent to the annual interest gained divided by the current price of the bond.

6 0
3 years ago
Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciat
fomenos

Answer:

final net income = $3830.9375

Explanation:

GIVEN DATA:

sales = $15000

DEPRECIATION = $1200

interest rate = 6.25%

federal+state income tax rate -  35%

OPERATING COST EXCLUDING DEPRECIATION = $7500

total  operating cost = 7500+ 1200 = $8700

interest given = 6500*0.0625=406.25

net income with tax= 15000-8700-406.25 = 5893.75

final net income = 5893.75*(1-0.35)=3830.9375

4 0
4 years ago
Exercise 4
Sindrei [870]

Answer:

The Kay Company

Weighted Average Cost of Capital:

a) using the book value weights = 13.1%

b) using the market value weights = 13.2%

c) Some of the factors that affect the Cost of Capital include market opportunities, capital provider's preference, market risk, inflation, reserve policy, budget surplus and deficit, trade activity, foreign trade surpluses and deficits, country risk, and finally, but not the least important, exchange rate risk.

Explanation:

a) Data and Calculations:

Capital structure as at 31st March, 2019:

                                      Based on       Based on         % Costs

                                    Book Value     Market Value

Debentures                 300,000             330,000             7

Preference                   100,000               110,000             9

Equity                        1,500,000           1,700,000            15

Debt                            200,000              180,000            10

Total                         2,100,000          2,320,000

b) The WACC (Weighted Average Cost of Capital) is the cost of capital based on the relative weights of each capital class.

c) WACC based on the Book Value weights:

= 1,500,000/2,100,000 * 15% + 300,000/2,100,000 * 7% + 100,000/2,100,000 * 9% + 200,000/2,100,000 * 10%

= 0.107 + 0.01 + 0.004 + 0.01

= 0.131

= 13.1%

d) WACC based on the Market Value weights:

= 1,700,000/2,320,000 * 15% + 330,000/2,320,000 * 7% + 110,000/2,320,000 * 9% + 180,000/2,320,000 * 10%

= 0.11 + 0.01 + 0.004 + 0.008

= 0.132

= 13.2%

8 0
3 years ago
Other questions:
  • Sandra wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and dou
    5·1 answer
  • Martin Services Company provides their employees vacation benefits and a defined contribution pension plan. Employees earned vac
    9·1 answer
  • Sheri, a socialite, received bad publicity for her recent choice of evening wear. As a result, she decided to change designers.
    11·1 answer
  • Russell’s has a bond issue outstanding. The issue's indenture provision prohibits the firm from re-deeming the bonds during the
    10·2 answers
  • Robins typically lay four eggs. Four eggs allow the offspring to be well fed, whereas larger clutches may result in malnourished
    5·1 answer
  • South Company purchased North Company. South Company paid $550,000 cash and assumed all of North Company’s liabilities. On the d
    9·1 answer
  • 2. Efficiency and effectiveness (Connect, Perform) Read the scenario and then complete the sentence with the correct term. Manag
    15·1 answer
  • On January 2, 2020, Orange Corporation purchased equipment for $300,000 with an ADS recovery period of 10 years and a MACRS usef
    9·1 answer
  • Suppose you will receive a payment of $300 one year from now. True or False: If during the year the interest rate rises, this in
    14·1 answer
  • An athletic trainer who recently became certified is planning on working summer camps for an area high school before he starts h
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!