Answer:
C. He felt glad to find out that he would receive a loan covering all college costs.
Explanation:
A student approved for a college loan must attend entrance counseling to get the necessary guidance and also sign a promissory note committing to repay the loan provided.
Answer:
In 2013, Colgate's weighted average interest rate on its short-term borrowings was:
2.2%.
Explanation:
On page 62 of Colgate Palmolive's 10-K annual report, covering the fiscal year ending December 31, 2013, it was noted that "the weighted-average interest rate for short-term borrowings amounting to $13 in 2013 and $54 in 2012 listed in Notes and loans payable in the Consolidated Balance Sheets as of December 31, 2013, and 2012 was 2.2% and 1.0%, respectively."
The weighted average interest rate is calculated by considering the varying interest rates on short-term borrowings combined with their corresponding weights. These weights assist in calculating the average interest rate based on their proportionate sizes relative to the overall interest expense.
The net capital expenditure for Beta is 95.
Explanation:
To determine Beta's net capital expenditure, use the formula below
Closing PP&E + Depreciation Expense - Opening PP&E
= 170 + 75 - 150
= 95
In this computation, the depreciation expense is added, and the PP&E balance is subtracted from the closing PP&E balance to obtain a precise figure.
Alternatively, it can be calculated based on the capital expenditures derived from a company's income statement and balance sheet. Check for the depreciation expense recorded for the current period in the income statement and find the current period’s property, plant, and equipment in the balance sheet.
Answer:
$600 million
Explanation:
On January 1, 2020, the balance of common stock & APIC is derived as follows:
Common stock & APIC = Paid-In Capital + Capital raised from selling 50 million shares at $20 each - Treasury Stock
This gives:
Paid-In Capital = $500 million
Issuance of 50 million shares at $20 each amounts to:
Treasury Stock involves buying back 20 million shares priced at $45 each.
Inserting the numbers leads to:
Common stock & APIC = $500 million + $1000 million - (20 million shares × $45 each)
Therefore, Common stock & APIC = $1500 million - $900 million = $600 million
Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
arsen [3447]
Answer:
$154,050
Explanation:
The following shows how net income for the business is calculated:
Total Sales $634,000
Subtract: costs -$328,000
Subtract: depreciation -$73,000
EBIT -$233,000
Subtract: interest -$38,000
EBT 195,000
Subtract: tax(195,000 × 21%) -$40,950
Net income $154,050
The calculation involves deducting all costs, interest, and taxes from the total sales revenue to arrive at the net income.
