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2 years ago

Match each of the following accounts to its proper balance sheet classification.

1 answer:

4 0

The matching of the accounts to its proper balance sheet classification are : Current Assets, Current liabilities and Intangible Asset.

<h3>What is a balance sheet?</h3>

A balance sheet is a snapshot of a company's financial health. The balance sheet gives details of assets and liabilities of a company at a specific point in time.

Balance sheet are classified so that they can be easy to read and information extracted.

<h3>Balance sheet classification are :</h3>

Accounts payable - Current Liabilities
Accounts receivable - Current assets
Accumulated depreciation - Long-term current asset
Buildings - Fixed asset
Cash - Current Liabilities
Goodwill - Intangible asset
Income taxes payable - Current liabilities
Investment in long-term bonds - Current asset
Land - Fixed asset
Inventory - Intangible asset
Patent - Intangible asset
Supplies - Current asset

Learn more here about balance sheet classification here : brainly.com/question/9452212

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Question 8 of 10

kirill115 [55]

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

Explanation:

As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

6 0

3 years ago

Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs

Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

Explanation:

The budgeted production for April = 68000 units

The budgeted production for may = 64000 units

The cost of raw material per unit = $1.70 per unit

It is given that at the end of each month the inventory should be = 25%

The April 1 inventory = 17000 units

Now calculate the material required for April production: $= [ Materials needed + ending inventory requirements - beginning inventory available ]$ $= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres$

Therefore, the budgeted materials needed in units for April = 67000 litres

7 0

3 years ago

Fleury Security Limited (FSL) is projected to have earnings per share (EPS) of $3.50 next year, and the firm’s dividends are 30%

ra1l [238]

Answer and Explanation:

The computation is shown below:

a) For ROE of the company

As we know that

Debt ratio = 1 - (1 ÷ Equity multiplier)

0.4 = 1 - (1 ÷ Equity multiplier)

(1 ÷ Equity multiplier) = 0.6

Equity multiplier = 1 ÷ 0.6

= 1.6667

Now ROE is

ROE = Net Profit Margin × Total Asset Turnover × Equity multiplier

= 10% × 0.9 × 1.6667

= 15%

b) For the Price of FSL shares

Expected Dividend next year (D1) = Projected EPS × Dividend payout ratio

= $3.50 × 30%

= $1.05

And, Required Return(ke) = 12.4%

Growth Rate(g) = ROE × (1 - Dividend payout ratio)

= 15% × (1 - 0.30)

= 10.5%

And finally the Price of STock:-

= D1 ÷ (ke - g)

= $1.05 ÷ (0.124 - 0.105)

= $55.26

C. For Present Value of Growth Opportunity(PVGO)

As we know that

Present Value of Growth Opportunity(PVGO) = Stock Price - (EPS ÷ Ke)

= $55.26 - ($3.50 ÷ 12.4%)

= $27.03

7 0

3 years ago

Sheffield Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2800 products are produced

Vinil7 [7]

Answer:

correct option is d. $4800 U

Explanation:

given data

product requiring = 3 direct labor hours

standard rate = $ 16 per direct labor hour

produced using = 8700 direct labor hours

actual payroll = $135720

to find out

labor quantity variance

solution

we get here labor quantity variance that is express as

Direct labor quantity variance = (standard hours worked for actual production - actual hour worked) × standard rate per direct labor hour ...................1

here standard hours worked for actual production will be as

standard hours worked = standard hours required per unit of production × actual units produced

standard hours worked = 3 × 2800

standard hours worked = 8400 hours but we have given actual work hour 8700 direct labor hours

so put all value is equation 1 we get

Direct labor quantity variance = ( 8400 - 8700 ) × $16

Direct labor quantity variance = $4800 unfavorable

so correct option is d. $4800 U

8 0

3 years ago

Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money

Lilit [14]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Suppose Sally borrows $1,000 from Harry for one year and agrees to pay a nominal interest rate of 9%. When she borrows the money, both she and Harry expect an inflation rate of 6%. Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 7%.

Real rate= nominal rate - inflation rate

At the beginning of the loan, the expected real rate is:

Real rate= 9 - 6= 3%

The actual rate is:

Real rate= 9 - 7= 2%

3 0

3 years ago