Answer: See explanation
Explanation:
From the question, we are informed that Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock and that the land was recently appraised at $72,000 while the common stock is actively traded at $25 per share.
When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts goes thus:
Debit: Land 3000 × $25 = $75000
Credit: Common stock = 3000 × $10 = $30,000
Therefore, the amount that will be recorded in the Land is $75000 and Common Stock accounts is $30000
Stockholders have residual claim on all assets after debt is paid and therefore have ____ risk than bondholders.
a) equal
b) higher
c) lower
Answer:
b) higher
Explanation:
As we know that the bondholders would be have more priority as compared with the shareholders either they have high risk as compared with the bond holders
So as per the given situation, in the case when the stockholder has the residual claim on all the assets after the payment of debt. This leads to high risk as compared with the bondholders
Therefore the correct option is B.
Hsu Company reported the following on its income statement:
Income before income taxes $300,441
Income tax expense 90,132
Net income $210,309
An analysis of the income statement revealed that interest expense was $73,659. Determine Hsu Company's times interest earned ratio.
a. 2.86 times
b. 4.08 times
c. 1.86 times
d. 5.08 times
Answer:
d. 5.08 times
Explanation:
The computation of the times interest earned ratio is as follows
Times interest earned ratio is
= (Interest expense + Income before income taxes) ÷ (Interest expense)
= ($73,659 + 300,441) ÷ ($73,659)
= 5.08 times
hence, the correct option is d.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Felipe's grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3% interest, compounded annually. What will his investment be worth at the end of 4 years.
Answer:
$1,642.83
Explanation:
The amount after four years can be calculated using the formula below
A = P(1 +r)^n
where A= amount
P = Principal amount $1500
r= interest 2.3% or 0.023
n = time in year; 4
A = $1500(1 + 0.023)^4
A= $1500(1.023)^4
A=$1500x 1.095222
A=$1,642.83
A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________
A) Prevents the auditor from reviewing the working papers of the predecessor auditor.
B) Engages the auditor after the year-end physical inventory is completed.
C) Requests that certain material accounts receivable not be confirmed.
D) Refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with GAAP.
Answer:
The answer is D.
Explanation:
A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.
Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)
A stock has an average return of 13.6% and a standard deviation of 8.4%. In any one given year, you have a 95% chance that you will not lose more than _____% nor earn more than ____% if you invest in this security.
a. 5.2% to 22.0%.
b. 3.2% to 30.4%.
c. 3.2% to 30.4%.
d. 5.2% to 22.0%.
e. 13.6% to 38.8%.
Answer:
options B and C are identical, and they are both right.
b. 3.2% to 30.4%. c. 3.2% to 30.4%.you have a 95% chance that you will not lose more than 3.2% nor earn more than 30.4% if you invest in this security.
Explanation:
a 95% confidence level represents approximately 2 standard deviations, so the stock could lose up to 13.6% - (2 x 8.4%) = -3.2% in the worse case scenario. You should also be able to earn 13.6% + (2 x 8.4%) = 30.4% in the best case scenario.
define debit balance in passbook
Answer:
The debit balance as per the cash book means the balance of deposits held at the bank. Such a balance will be a credit balance as per the passbook. Such a balance exists when the deposits made by the firm are more than its withdrawals. ... On the other hand, the credit balance as per the cash book indicates bank overdraft.
Which of the following is the last section on most job applications?
Which agency can request that more money be printed?
A. The Federal Reserve
B. The Federal Open Market Committee
C. The U.S. Treasury
D. The Central Bank
The agency that can request that more money be printed is the Federal Reserve. This is further explained below.
What Is The Federal Reserve?Generally, The Federal Reserve System is responsible for maintaining a reliable, versatile, and secure financial system for the United States.
In conclusion, The Federal Reserve is the entity that has the authority to ask for further currency printing.
Read more about the Federal Reserve
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Arredondo, Inc. has current assets of $2,170, net fixed assets of $9,300, current liabilities of $1,350, and long-term debt of $3,980.
Required:
What is the value of the shareholders'equity account for this firm? How much is net working capital?
Answer:Shareholders' equity= $6,140
Net working capital= $820
Explanation:
Shareholders' equity = Total Assets - Total Liabilities
But,
Total Assets = Current assets + net fixed assets
$2,170 + $9,300 =$11,470
Total liabilities =Current Liabilities + Long term debt
$1,350 +$3,980
=$5,330
Shareholders' equity =$11,470-$5,330 = $6,140
B) Net working capital is calculated as Current Asset - Current Liabilities
$2,170-$1,350
=$820
A company purchased equipment valued at $310,000. It traded in old equipment for a $121,000 trade-in allowance and the company paid $189,000 cash with the trade-in. The old equipment cost $300,000 and had accumulated depreciation of $180,000. This transaction has commercial substance. What is the recorded value of the new equipment?
a. $120,000.b. $121,000.c. $189,000.d. $309,000.e. $310,000.
Answer:
e. $310,000
Explanation:
If the exchange transaction has commercial substance the new equipment acquired is measured at the fair value of the asset given up plus fair value of any other assets transferred.
Value of the new equipment = Trade in Allowance + Cash paid
= $121,000 + $189,000
= $310,000
Compound interest is usually better than simple interest because it pays
interest on the principal and the interest earned in each period.
interest on the entire principal rather than the interest in each period.
more, as it is matched by an employer's 401k contribution.
more often throughout the year rather than once a year.
Answer: interest on the principal and the interest earned in each period.
Explanation:that’s what i got lmk if it’s wrong sorry if it is
The compound interest is usually greater than simple interest because it pays interest on the principal and the interest earned in each period.
What is compound interest?Compound interest is the interest payment that increases on the first sum of money and any earned interest over time. It is usually calculated on the accumulated amount of money.
Compound interest is greater than simple interest because the simple interest is always calculated on the principal amount, which means if the principal is 100 and the rate of interest is 10%, then the simple interest for every year is $10.
Compound interest is always greater than the simple interest because it is calculated o the accumulated sum of money, which means if the principal is $100 and the interest rate is 10%, then the compound interest for the first year is 10,
But for the next year, it is calculated on $110($100+10) i.e., in the second year the compound interest is $11.
Therefore, option A is correct.
Learn more about the compound interest, refer to:
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You have taken out a $350,000, 3/1 ARM. The initial rate of 6.0% (annual) is locked in for three years. Calculate the outstanding balance on the loan after three years. The interest rate after the initial lock period is 6.5%. (Note: the term on this 3/1 ARM is 30 years.)
A) $336,294.25
B) $2,098.43
C) $347,901.57
D) $2,183.95
Answer:
A) $336,294.25
Explanation:
Loan = 350,000
Rate 6%
Years = 30
PMT = PMT(Rate/12, 30*12, -Loan)
PMT = PMT(6%/12, 360, -350,000)
PMT = $2,098.43
Loan balance after 3 years = 27 years left
Loan Balance = PV(Rate/12, 27*12, -PMT)
Loan Balance = PV(6%/12, 324, -2,098.43)
Loan Balance = $336,294.25
hello anyone know carson lueders
Answer:
Im not sure who he is
Explanation:
Why should speakers deliver the first sentence of her presentation for memory ?
How would the issuance of a mortgage note in exchange for a building be reported on the statement of cash flows?
A. Noncash finenctng and Investing actvity
B. Investing actvity
C. Operating activity
D. Financng activity
Answer:
A. Noncash financing and Investing activity
Explanation:
The Cash Flow Statement records all Cash related transactions and used to determine the movement in the Balance of Cash and Cash Equivalent. When mortgage note is issued in exchange of a building, this is simply an Exchange of Assets without the movement of cash. Non - Cash activities are not shown in the Cash Flow Statement.
broiler are reared for eggs.
true of false
Answer:
Broiler chickens are larger than and grow faster than chicken for table egg production. False
Explanation:
Answer:
No eso es falso.
Explanation:
Porque son animales que se crían con comida de día y noche por lo cual las personas no lo vas a creer si no para verder la carne
Eso sí , te puedo decir que también depende de la persona que lo cuida porque puede tenerlo para cría o para o para vender la carne
Pero mayormente se goza otro tipo de raza para las crías.
Solo se deja unas cuantas para no perder la raza.
Gracias
#cuidemonosdesdecasa.
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer, C. Green. On March 9, it receives a $1,100 payment from Green.
1. Prepare the journal entry or entries for January 31
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.
Answer: Please see explanation for answers
Explanation:
1. Journal entry to record bad debt on January 31st
Date Account Titles and Explanation Debit Credit
Jan. 31st Allowance for doubtful account $1,600
Account receivables ( Customer C. Green) $1.600
2. Journal entry to record recovery of bad debt on March 9
A) To reinstate Amount previously written off
Date Account Titles and Explanation Debit Credit
March 9 Account receivables ( Customer C. Green) $1,100
Allowance for doubtful account $1,100
B) To record payment of account
Date Account Titles and Explanation Debit Credit
March 9 Cash $1,100
Account receivables( Customer C. Green) $1,100
Flavor Enterprises has been approached about providing a new service to its clients. The company will bill clients $140 per hour; the related hourly variable and fixed operating costs will be $75 and $18, respectively. If all employees are currently working at full capacity on other client matters, the per-hour opportunity cost of being unable to provide this new service is:______
a. $0.
b. $47.
c. $65.
d. $93.
e. $140.
Answer:
c. $65.
Explanation:
The computation of the per hour opportunity cost is as follows:
= Per hour revenue - per hour variable cost
= $140 - $75
= $65
The fixed cost would not be considered as it is a sunk cost
Therefore the per hour opportunity cost is $65
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Which management function is also a financial responsibility
A.planning
B.organizing
C.staffing
D.coordinating
E.controlling
Answer:
The CORRECT answer is...... Staffing
Explanation:
Look at the picture
Vaughan Interiors needs help determining the Stockholders' Equity Account. Current account balances are: Cash $25,050, Accounts Receivable $12,400, Equipment $40,000, Accumulated Depreciation $22,750, Accounts Payable $15,750, Salaries Payable $12,150. What is the Stockholders' Equity Account Balance
Answer:
$1,750
Explanation:
Stockholder's equity would be calculated as;
= Current assets balance + Fixed asset balance - Current liability balance
Current assets balance = Cash $25,050 + Accounts receivable $12,400
Fixed assets = Equipment $40,000 - Accumulated depreciation $22,750 = $17,250
Current liability = Accounts payable $15,750 + Salaries payable $12,150 = $27,900
Therefore,
Stockholder equity account balance
= $12,400 + $17,250 - $27,900
= $1,750
In general, the consumers who seek out Louis Vuitton branded products are more likely to be _______.
a. price-conscious.b. prestige-sensitive.c. bargain shoppers.d. cost-sensitive.e. value-conscious.
Answer:
c).prestige-sensitive
Explanation:
Prestige sensitivity can be regarded as
favourable perceptions of price which is as a result of prominence as well status of the company that produce the product. Prestige-sensitive buyers prefer to go for product with prominence and status. It should be noted that In general, the consumers who seek out Louis Vuitton branded products are more likely to be prestige-sensitive.
State four (4) activities of services that make trade easy
Answer:
tourism, banking , consulting, energy services
Which sentence in this excerpt from Ambrose Bierce's "An Occurrence at Owl Creek Bridge" uses personification? Excepting the group of four at the center of the bridge, not a man moved. The company faced the bridge, staring stonily, motionless. The sentinels, facing the banks of the stream, might have been statues to adorn the bridge. The captain stood with folded arms, silent, observing the work of his subordinates, but making no sign. Death is a dignitary who when he comes announced is to be received with formal manifestations of respect, even by those most familiar with him. In the code of military etiquette silence and fixity are forms of deference.
Answer:
The sentence in this excerpt from Ambrose Bierce's "An Occurrence at Owl Creek Bridge" that uses personification is:
Death is a dignitary who when he comes announced is to be received with formal manifestations of respect, even by those most familiar with him.
Explanation:
Here, Ambrose Bierce or the narrator addresses death as a person. He makes death to become a dignitary, capable of visiting a person or community. Grammatically, personification is a literary device or a figure of speech in which human attributes or characteristics are ascribed to non-human things or objects as if they were human. It uses metaphor, another literary device, to achieve this attribution.
Answer:
Death is a dignitary who when he comes announced is to be received with formal manifestations of respect, even by those most familiar with him.
Explanation:
What factors contribute to the comparative advantages of countries?
Answer:
International trade is the exchange of capital, goods, and services across international borders or territories.
Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.
Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.
International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.
Explanation:
In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.
PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.
Answer:
The existence of a comparative advantages is in turn, affected by the things such as abundance, productivity, cost of Labour, land and capital.
Explanation:
Other face also might influence a country's comparative advantage in political terms such as; highly developed financial system or economies of scale.
You own a stock that had returns of 8.40 percent, −6.30 percent, 21.40 percent, and 14.30 percent over the past four years. What was the geometric average return for this stock?
a. 8.36%
b. 8.96%
c. 9.45%
d. 10.24%
e. 9.83%
Answer:
b. 8.96%
Explanation:
As per given data
Year ____ Returns
_1 ______ 8.40%
_2 ______-6.30%
_3 ______21.40%
_4 ______14.30%
Now Use following formula to calculate the geometric average
Geometric Average = [tex]\sqrt[4]{x1 . x2 . x3 . x4}[/tex] - 1
Where
X1 = 8.40%
X2 = -6.30%
X3 = 21.40%
x4 = 14.30%
Placing value sin the formula
Geometric Average = [tex]\sqrt[4]{(1 + 0.0840) . (1 + (-0.0630)) . ( 1+ 0.214) . (1 + 0.143)}[/tex] - 1
Geometric Average = 8.96%
Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year. Dividends are expected to decline at the rate of 2% per year. The risk-free rate is 6% and the market risk premium is 8%. The stock of Old Quartz Gold Mining Company has beta of -0.25 (minus 0.25). The intrinsic value of the stock is
Answer:
$133.33
Explanation:
Calculation for The intrinsic value of the stock
Intrinsic value of the stock = 6% + [−0.25(14% − 6%)] = .04
Intrinsic value of the stock = 8/[.04 − (−.02)]
Intrinsic value of the stock = 8/.06
Intrinsic value of the stock = $133.33
Therefore the intrinsic value of the stock is $133.33
Amy Farmer is getting a loan to buy a used car.The bank wants to know the trade-in value of the car she is purchasing.Which of the 5 Cs of credit is the bank examining?
A) Character
B) Capacity
C) Capital
D) Collateral
E) Conditions
Answer:
D) Collateral
Explanation:
In the given situation it is mentioned that the Amy farmer wants a loan so that Amy could purchased the car also the bank wants to know the car trade in value So here the examination done by the bank would be collateral as the loan is to be taken for buying a car
So the same is to be considered
hence, the correct option is D
And all the other options are incorrect
Today public relations have emerged as a
communication network
O global
O national
O multinational
O national
?
Chris wants to accumulate $112,000 in 4 years. He plans on making equal semiannual deposits into an investment account that earns 10% semiannually in order to reach his goal. How much must Chris invest every six months
Answer:
$11,728.85
Explanation:
the future value of the annuity = $112,000
number of periods = 8 semiannual payments
interest rate = 10% compounded semiannually = 5%
future value = payment x FV annuity factor
FV annuity factor 5%, 8 periods = 9.5491
payment = $112,000 / 9.5491 = $11,728.85
Investors tend to focus on the bottom line when conducting financial analyses. Thus far, you have calculated earning; per share (EPS) as the net income available to common shareholders divided by the number of common shares outstanding. However, when firms use a lot of hybrid securities, their earnings can be distorted. As a result, a few different methods exist for reporting EPS. Primary EPS is the EPS found after adjusting for the number of shares that are likely to be issued from convertibles and warrants.
Read the following statement, which describes one of these reporting methods:
Earnings per share are found based on the assumption that all convertibles and warrants are exercised rather than trying to estimate how many of them are likely to be exercised. Identify which of the reporting methods this statement describes:
A. Diluted EPS.
B. Basic EPS.
C. Primary EPS.
Answer:
The reporting method described by the statement is:
A. Diluted EPS.
Explanation:
Diluted EPS gauges the quality of a company's earnings per share (EPS) as if all convertible securities were exercised. Convertible securities include the company's outstanding convertible preferred shares, convertible debentures, stock options, and warrants. The diluted EPS is different from the basic EPS (otherwise called the Primary EPS). The basic EPS measures the company's earnings per common share without considering any outstanding convertible securities.