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Kaylis [27]
2 years ago
14

Sunland Company’s December 31, 2020, trial balance includes the following accounts: Inventory $124,900, Buildings $208,800, Accu

mulated Depreciation-Equipment $27,400, Equipment $198,900, Land (held for investment) $48,700, Accumulated Depreciation-Buildings $45,900, Land $62,800, and Timberland $74,500.Prepare the property, plant, and equipment section of the balance sheet. (List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

Business
1 answer:
aniked [119]2 years ago
6 0

Answer:

Explanation:

Before preparing the property, plant, and equipment section, we need to first calculate the total assets amount which equals to

= Land + Land (held for investment) + Building - Building Accumulated Depreciation + Equipment - Accumulated Depreciation of Equipment

= $62,800 + $48,700 + $208,800 - $45,900 + $198,900 - $27,400

= $445,900

The preparation of property, plant, and equipment section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

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Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stoc
OleMash [197]

Answer:

= 9.5%

Explanation:

The weighted average cost of capital can be computed as follows:

After tax cost of debt :

= Before-tax cost of debt (1-T)

= 7.8% ×  (1-0.21)

= 6%

Market value

Equity = 105× 22= 2,310.00

Preferred stock = 25× 45= 1,125.00              

Bonds= 98% × 1500=<u>1,470.00</u>

Type                   cost    Market value         Cost × equity

Equity               12.4       2,310.00                  286.44

Preferred stock  8%          1,125.00              90.00

Bond                6%        <u>1,470.00 </u>              <u>1 90.58 </u>

                                        4,905.00         467.02

WACC = (467.02/4,905.00 ) × 100

          = 9.5%

8 0
2 years ago
Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod
lys-0071 [83]

Answer:

$126

Explanation:

We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.

Selling price per unit                                        $260

Less

estimated return (260x30%) =                    ($78)

Labor costs                                                    ($32)

Overhead costs                                            ($24)

Material                                                              $126      

Amount Mira can pay for Synthetic material per unit is $126

               

6 0
2 years ago
You created a financial model for a pitchbook being presented tomorrow to a potential new client. While reviewing the final vers
sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

I recommend you to delay the meeting for 3 hours by the scheduled time, as i need to check and correct the whole figures again and this would take time.

I am looking forwards for your advice.

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6 0
2 years ago
24. An American soldier stationed in North Carolina receives a paycheck from the federal government for $300, which she uses to
FrozenT [24]

Answer:

$200

Explanation:

GDP refers to the total value of all goods and services produced in a country in a period. Economists consider all products regardless of who manufactured them. Only finished consumer goods and services are counted to avoid double counting.

In the scenario, only the fruits and vegetables will add to the US GDP. They are finished consumer goods produced within the borders of the US. If they were capital goods, they would not be included in GDP calculations. The $100 spent on MP3 will not count because the item was not produced in the US. It is an import. Its value will be adjusted against exports when calculating GDP.

4 0
2 years ago
Overland purchased $387,950 of fixed assets that are classified as three-year property for MACRS. The MACRS rates are .3333, .44
Anton [14]

Answer: $57,455.395

Explanation:

Given that,

Fixed assets purchased = $387,950

MACRS rates are as follows:

Year 1 = 0.3333

Year 2 = 0.4445

Year 3 = 0.1481

Year 4 = 0.0741

Depreciation Expense in Year 3:

= Initial Value or Purchase Price of equipment × MACRS rate for Year 3

= $387,950 × 0.1481

= $57,455.395

5 0
2 years ago
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