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1 year ago

How do businesses and not-for-profit organizations help create our standard of living?

1 answer:

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The businesses and not for profit organizations help create the goods and services on the basis of our standard of our living.

Explanation:

Businesses play an important role in regulating our life by offering jobs, and goods and services to society. Quality of life means helping the educational institutions, health departments, sanitation etc.

Not for profit is an organization that continues to live to carryout targets other than making a business profit. Not all organizations live for profit some believe in helping needy. Charities like habitat for humanity, American cancer society, etc. are part of not for profit organizations. Last 20 years, not for profit organizations, employees and volunteers have rapidly increased.

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Thurman Corporation issued 450,000 shares of $.50 par value capital stock at the date of incorporation for cash at a price of $4

m_a_m_a [10]

Answer:

b) $225,000

Explanation:

Common Stock ($0.50 x 450,000) $225,000

Discount on capital (($4-$0.5) x 450,000 $1,575,000

Retained Earning ( $100,000 - $40,000 ) $60,000

Total Equity $1,860,000

Shares are recorded in the common stock account at the par value. Difference of $4 and $0.5 is recorded as add in capital excess of par common shares.

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2 years ago

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'

n200080 [17]

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

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1 year ago

Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0

anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0

2 years ago

Stone and brick are substitutes in home construction. consider the market for bricks depicted below. suppose the price of stone

sp2606 [1]

Answer: Price of bricks will increase

Explanation: Since Stone and bricks are substitutes to each other, a rise in the price of stone due to the new regulation will lead to a rise in the demand for bricks. Since bricks are now relatively cheaper as compared to stones after the price rise, people will use more bricks than stones. This will shift the demand for bricks to the right driving upwards the price for bricks and also increase the quantity of bricks being sold in the market.

8 0

2 years ago

Read 2 more answers

The sales for January, February, and March are $150,000, $180,000 and $220,000, respectively. For any particular month of sa

Gekata [30.6K]

Answer:

Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of sales

50% in cash from the previous month's sales

10% in cash from the sales from two months ago

Cash collection March:

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

Total cash= $193,000

3 0

2 years ago