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2 years ago

Presented below are a number of balance sheet accounts of Deep Blue Something, Inc.

Business

1 answer:

gladu [14]2 years ago

3 0

Answer:

Balance sheet accounts Proper balance sheet classification

(a)Debt Investments - Current asset

(b)Treasury Stock - Stockholders equity

(c)Common Stock - Stockholders equity

(d)Dividends Payable - Current Liability

(e)Accumulated Depreciation—Equipment - Property, Plant and Equipment & Fixed asset

(f)Construction in Process - Current asset

(g)Petty Cash. - Current asset

(h)Interest Payable - Current Liability

(i)Deficit - Stockholder's Equity

(j)Equity Investments (ownership stake of less than 20%). - Current asset

(k)Income Taxes Payable - Current Liability

(l)Unearned Subscriptions Revenue - Current Liability

(m)Work in Process - Current asset

(n)Salaries and Wages Payable - Current Liability

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Benjamin works at an automobile manufacturing company. The country in which the company operates is facing a heavy trade deficit

klasskru [66]

Answer:

The correct answer would be Command Economic System.

Explanation:

Economic systems define the control of the government on the economic resources and the institutions of the country. There are four major economic systems. One is Traditional Economic System, other is Command Economic System, third one is Market Economic System and the fourth one is Mixed Economic System.

Command Economic System is an economic system in which the central powers are with the government. Government regulate the decisions of economy as well as of the institutions. In this type of economy, the government dictates the companies to do whatever the government says and thinks is the best for the country's economy.

So in this question, government thinks that the best way to overcome the trade deficit is to increase the exports of the Sedan cars at a competitive price in the international market without seeking any advice from the automobile manufacturers. This type of economic system is called the Command Economic System.

7 0

2 years ago

If a store sold 25 pairs of socks, making a 25% profit of $150, how much did they charge for each pair?

djyliett [7]

25x-0.25=150
25x=149.75
x=5.99
5.99$ for each pair.

6 0

2 years ago

Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total

ryzh [129]

Answer:

Activity rate = $176 per hour

Explanation:

Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.

Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.

Activity rate per driver is calculated as:

Activity overhead for the period / Total cost drivers for the period Designing products activity cost pool= designing cost /product design hours

= $1372,448/7,798 hours

= $176 per hour

4 0

2 years ago

Sapp Trucking's balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to

spin [16.1K]

Answer:

The difference between two WACC is 1.2%.

Explanation:

As we know that

WACC = Ke * Ve / (Ve + Vd (1-Tax)) + Kd * Vd*(1-tax) / (Ve + Vd*(1-Tax))

Using the Book Value Method:

WACC = 14% *$65 / ($65m + $45m (1-40%))

+ 6% *$45m*(1-.4) / ($65m + $45m (1-40%))

WACC = 10% + 1.8% = 11.8%

Using the market value method:

Market Value of Common Stock = Common Shares * Market value per share

Market Value of Common Stock = 10 million * $22.5 per share = $225m

WACC = 14% *$225 / ($225m + $50m (1-40%))

+ 6% *$50m*(1-.4) / ($225m + $50m (1-40%))

WACC = 12.35% + 0.7% = 13%

The difference between two WACC is 1.2%.

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2 years ago

SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products is grilled salmon in dill

mars1129 [50]

The answers are below

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2 years ago

Read 2 more answers