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2 years ago

Which of the following statements are true?

Business

1 answer:

kkurt [141]2 years ago

8 0

Answer:

D- income statement accounts are temporary accounts and do not retain their balances from one period to the next.

Explanation:

quizlet

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What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175

lesantik [10]

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

7 0

3 years ago

A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying

Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify major areas of commerce and location.

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0

3 years ago

A company uses LIFO. At the beginning of the current year its inventory was $200,000, and at the end of the current year its inv

andriy [413]

Answer:

FIFO ending inventory = $290000

Explanation:

given data

current year inventory = $200,000

end of the current year inventory = $250,000

start of the year LIFO reserve = $30000

end of the year LIFO reserve = $40,000

solution

LIFO reserve is difference between inventory using LIFo and inventory using FIFO

FIFO ending inventory = LIFO ending inventory + LIFO reserve ...............1

put her evalue we get

FIFO ending inventory = $250000 + $40000

FIFO ending inventory = $290000

7 0

4 years ago

PAW Industries has 5 million shares of common stock outstanding with a market price of $8.00 per share. The company also has out

Leokris [45]

Answer:

a. 10.14%

Explanation:

WACC = wE*rE + wP*rP + wD*rD(1-tax) whereby;

w= weight of...

r = cost of..

Find the market values;

Common equity(E) = 5,000,000* 8 = 40,000,000

Preferred stock(P) = 10,000,000

Debt (D) = 100,000 *1000 *0.96 = 96,000,000

Total value = 146,000,000

Therefore;

wE= 0.2740

wP = 0.0685

wD = 0.6575

Cost of capital;

rE = 19% or 0.19

rP = 15% or 0.15

rD = 9% or 0.09

WACC = (0.2740*0.19) + (0.0685 * 0.15) + [0.6575*0.09(1-0.34)]

WACC = 0.0521 + 0.0103 + 0.0391

WACC = 0.1015 or about 10.14%

6 0

3 years ago

Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Con

yarga [219]

Answer:

Ending cash balance is -$41,000.

Explanation:

This can be prepared as follows:

Nathan Herrmann

Cash Flow Statement

for the year ended ...

Details $ $

Net income 69,000

Adjustment to reconcile net income

Depreciation expense 13,000

Loss on sale of land 12,000

(Increase) decrease in current assets

Increase in inventory (35,000)

Increase in prepaid rent (7,500)

Increase in accounts receivable (47,000)

Increase (decrease) in current liabilities:

Increase in accounts payable 15,000

Net cash from operating activities 19,500

Cash flows from investing activities:

Cash received from the sale of land 7,500

Purchase of equipment (229,000)

Net cash flows from Investing activities (221,500)

Cash flows from financing activities: 

Payment of dividends (31,000)

Repayment of notes payable (49,000)

Issuance of common stock 241,000

Net cash from financing activities 161,000

Increase / (Decrease) in cash (41,000)

Beginning cash balance -

Ending cash balance  (41,000) 

7 0

3 years ago