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umka21
2 months ago
7

A company has these balances as of december 31

Business
1 answer:
harina [3.8K]2 months ago
7 0

Answer:

Total assets = 55000

Explanation:

The calculations are as follows:

Cash = 20000

Fixed assets = 35000

Accumulated depreciation = 20000

Accounts payable = 5000

Total assets = Cash + Fixed assets

Total assets = 20000 + 35000

Total assets = 55000

Note: Accumulated depreciation should be subtracted from the gross assets.

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Your annual sales are $240,000. The sales are spread evenly over four quarters. What are your sales in each quarter?
harina [3808]

Answer:

60000

Explanation:

240,000 divided by 4

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At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
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The adjusting entry to be made at the end of the accounting period includes a debit to Unearned revenue of $500 and a credit to Revenue for the same amount. According to the accrual accounting technique, revenues are recorded at the time of the transaction rather than when the payment is received. After receiving $800 in advance services, with $300 worth of services outstanding, the service amount performed amounts to $800 - $300 = $500.
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A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Scilla [3833]

Response:

-11.8%

Clarification:

to resolve this problem, it's important to keep in mind that a bond's worth is primarily determined by figuring out the present value of its cash flow sequence. Therefore, consider a bond in terms of you being the creditor; you would earn interest from the loaned amount (the coupon), and after n years, you'd receive back the initial amount lent (the principal). Applying the relevant formula, we get the value of the bond as follows:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

in this specific scenario, there are 29 years left until it matures after one year, thus we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

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4 0
1 month ago
Question Help A company purchased mineral assets holding approximately 240,000 tons of ore for $960,000. The estimated residual
marusya05 [3725]

Answer: $160,000

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= $4 per ton

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1 month ago
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