For the past year, Mountain View Corp. had cash flow from assets of $75,200 of which $45,000 flowed to the firm's stockholders. The interest paid was $4,800. What is the amount of the net new borrowing? a. -$25,400 b. -$30,200 c. $25,400 d. $30,200
Q: Hii expert please given correct answer general Accounting question
A: Step 1: Define Cost of a Plant AssetThe initial cost of a fixed asset includes all the costs…
Q: general accounting
A: Step 1:a. The book value per share is calculated as follows: Book value per share = Total book value…
Q: What is Syl's break even point in sales dollars ?
A: Explanation of Break-Even Point (Sales Dollars):The Break-Even Point in Sales Dollars is the level…
Q: Don't use ai given answer accounting questions
A:
Q: What amount will she have to play in taxes for this employee benefit ??
A: Step 1: Identify the weekly travel allowance amountStep 2: Determine the income tax rateStep 3:…
Q: Need answer general Accounting question
A: Step 1: Define Current RatioThe current ratio is a statistic that accountants and finance experts…
Q: What is the return on equity? General accounting
A: Net Income = Sales * Profit Margin= $807,200 * 0.0968 = $78,076.16Total Equity = Total Assets * (1 -…
Q: Compute the company's predetermined overhead rate.
A: Step 1: Calculation of total estimated variable manufacturing overheadTotal estimated variable…
Q: Need help with this accounting questions
A: Calculation of Total Amount S Corporation should report as Stockholder's EquityTotal Amount of…
Q: Correct answer
A: Explanation of Raw Materials: Raw materials are the basic inputs or components that a company uses…
Q: What is the required rate of return on these financial accounting question?
A: Step 1: Identify the formula: r = (D1 / P0) + gStep 2: Assign values: D1 = 2.80, P0 = 65.50, g =…
Q: Describe the overall structure of the Zambian tax system
A: The Zambian tax system is set up to bring in money for the government to spend on infrastructure and…
Q: Please solve this problem
A: Step 1: Define Capital GainIf a capital asset is sold at a higher price then the gain on the sale of…
Q: Financial Accounting
A: Step 1: Define Overhead AllocationOverhead is allocated to products or services based on the…
Q: Financial Accounting Question solve this problem
A: Step 1: Define Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial metric that…
Q: Please give me true answer this financial accounting question
A: To calculate the return of the stock market (in percentage) for that day, we use the formula: Return…
Q: Silver Cloud Computing purchased office equipment for $75,000 with a trade discount of 12% and cash…
A: To calculate the final payment amount: Step 1: Apply the trade discount The trade discount is 12% of…
Q: Need help with this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial performance metric that…
Q: Ans
A: Calculating the annual cash flows for the automation project. 1. First, let's identify all the cash…
Q: What is the return on total assets?
A: Explanation of Return on Total Assets (ROA): This is a financial ratio that measures how efficiently…
Q: Answer? ? Financial accounting question
A: To calculate the accounts receivable turnover and the average collection period, we can follow these…
Q: What is the price earning ratio?
A: To calculate the **Price-Earnings (P/E) ratio**, we use the formula:P/E Ratio=Earnings per Share…
Q: I want answer
A:
Q: General accounting
A: Step 1: Identify the formula for the price of preferred stockStep 2: Calculate the preferred…
Q: Question
A: Explanation of Standard Cost: This is a predetermined cost that represents what a product should…
Q: General Accounting Question
A: Step 1: Define Straight-Line DepreciationStraight-line depreciation is a method that allocates the…
Q: Financial Accounting Question
A: To solve this problem, we use the present value formula for compound interest: PV=(1+r)nFV Where:PV…
Q: A firm has a total book value of equity of $600,000, a market-to-book ratio of one-third, and a book…
A: To determine the total market value of the firm's equity, we can use the formula:Market Value of…
Q: Financial accounting question
A: Step 1: Define Simple Interest and Compound InterestThe value of an investment in a real or…
Q: Good Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable…
A: To determine the required number of meals to achieve the desired profit, the contribution margin…
Q: Please provide answer
A: Explanation of Beginning Work in Process Inventory: This represents the value of partially completed…
Q: 4 PTS
A: Concept of Product CostsProduct costs are costs directly associated with manufacturing a product.…
Q: Need Help
A: Explanation of Total Cost: represents the sum of all fixed and variable costs incurred by a company…
Q: kindly help me with accounting question
A: Step 1: Definition of Taxable IncomeTaxable income refers to the income subject to taxation by the…
Q: What is the pro forma net income expected to be ?
A: To calculate the pro forma Net Income: Determine the expected sales:Expected Sales = Current Sales ×…
Q: Need help with this accounting questions
A: Step 1: Definition of Child Tax CreditThe Child Tax Credit is a tax credit provided to taxpayers for…
Q: What are the risks associated with foreign currency hedges? How can the company determine the…
A: Detailed explanation: • Thus, foreign currency hedges constitute different types of risks, including…
Q: Provide correct answer general Accounting question
A: Step 1: Define Equivalent UnitsEquivalent units represent the number of units that could have been…
Q: Can you please answer the general accounting question?
A: To solve this, using the high-low method steps are: Step 1: Identify the highest and lowest activity…
Q: Ans plz
A: The debt-to-equity ratio is a financial metric that compares total debt to net worth (equity). It…
Q: Financial accounting question
A: Step 1: Define Future ValueThe amount invested today in any of the investment products that are…
Q: Give true answer this financial accounting question
A: Step 1: Define Operating LeverageOperating leverage is a financial metric that measures the extent…
Q: Please given answer
A: Current EPS = Net Income / Shares Outstanding= $9,750,000 / 5,500,000= $1.77Forecasted Net Income =…
Q: What is the amount of gain or loss recorded on the sale of this machine? General accounting
A: Step 1: Definition of Asset DisposalWhen a company disposes of a fixed asset, it records a gain or…
Q: Do fast this question answer general Accounting
A: Step 1: Define Adjusted Gross EstateFederal estate tax liability is set based on the adjusted gross…
Q: Accounting 15
A: Step 1:EBIT can be calculated using the formula of the Free Cash Flow -Free Cash Flow = EBIT - Taxes…
Q: Answer? ? Financial accounting question
A: Step 1: Define Debt-Equity RatioThe debt-equity ratio measures a company's financial leverage,…
Q: Please help
A: Step 1: Definition of High-Low MethodThe High-Low Method is a cost accounting technique used to…
Q: Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are…
A: To calculate the present value (PV) of the lease payments, use the following formula: PV = Annual…
Q: A company manufactures hiking shoes.... Please answer the general accounting question
A: Step 1:Manufacturing cycle efficiency can be calculated by dividing the Process time by the…
None
Step by step
Solved in 2 steps
- Please! help me with this questionabardeen corporation borrowed 58,000 from the bank on october 1, year 1. the note had a 4 percent annual rate of interest and matured on march 31, year 2. interest and principal were paid in cash on the maturity date. d. what total amount of cash was paid to the bank on march 31, year 2, for principle and interest? e. what amount of interest expense was reported on the year 2 income statement?14. Suppose that you have generated the estimates listed below from a pro forma analysis for a company that had requested a three year loan. The loan is a $1.5 million term loan with the equal annual payments of principals. The P&I payments are due at the end of each year with the annual interest rate = Prime rate + 1.5%. Capital expenditure Cash dividends Cash flow from operations before interest expense a). b). c). Yr.1 250,000 140,000 750,000 Assuming the Prime rate = 7.5% each year. What will be the interest payment at year 3? 25,000 50,000 45,000 53,000 10,000 Yr. 2 125,000 140,000 780,000 Yr. 3 75,000 140,000 800,000
- The clean Bank has the following assets and liabilities as of year-end.All asset and liability item have face value of $1,000 and are priced at par.And interests and coupons are paid annually for all asset and liability items. Assets Amount($millions) Annual Rate Liabiltiies and Equity Amount($millions) Annual Rate 5-year loans 40 40% 3-year term deposit 20 4% 5-year coupon bonds 60 8% 5-year term deposit 30 8% Equity 50 Total 100 100 Please calulate the Clean Bank's maturity gap.What does the maturity gap imply about the interest risk of the bank?Will you view on the interest risk of the bank be different under duration model?Explain carefully..Naperville bank has total assets of $100 million and equity capital of $3 million. Its income statement in 2021 is as elow: Net Interest Income 3 Provision for Loan Losses Non-Interest Income Non-Interest Expense (4.00) 0.9 (2.50) If the bank's tax rate is 30%, what is the new balance of its equity capital? (A) $3 million B $1.82 million $1.18 million D $0.4 million IOn August 31, Year 1, Car Tunes, Inc., borrowed $60,000 at 12% with interest and principal due in ten months. Show the effect of this note on Car Tunes' financial statements as of and for the year ended December 31, Year 1. Income Statement Statement of Cash Flows Balance Sheet A. Issuance of Notes Payable $60,000 B. Interest Payable $2,400 and Notes Payable $60,000 C. Interest Payable $(2,400) and Notes Payable $(60,000) D. Interest Payable $2,880 E. Interest Expense $2,880 F. Interest Expense $2,400 G. Interest Expense $2,880 and Notes Payable $60,000 H. Issuance of…
- Please! help me with this questionAbardeen Corporation borrowed $85,000 from the bank on October 1, Year 1 . The note had an 10 percent annual rate of interest and matured on March 31, Year 2 Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1?Suppose that you have generated the estimates listed below from a pro forma analysis for a company that had requested a three year loan. The loan is a $1.5 million term loan with the equal annual payments of principals. The P&I payments are due at the end of each year with the annual interest rate = Prime rate + 1.5%. Yr.1 Yr. 2 Yr. 3 Capital expenditure 250,000 125,000 75,000 Cash dividends 140,000 140,000 140,000 Cash flow from operations before interest expense 750,000 780,000 800,000 Assuming the Prime rate = 7.5% each year. What will be the interest payment at year 3? a). 25,000 b). 50,000 c). 45,000 d). 53,000 e). 10,000
- Zirkle Company borrowed $129,000 from Plains Bank on July 31, Year 1. The note carried a 6% interest rate with a one-year term to maturity Required: a. Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. b. What is the amount of interest expense for Year 1? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed. ZIRKLE COMPANY Effect of Adjustment on the Accounting Equation Event Year 1 July 31 December 31 December 31, Year 1 Assets Liabilities Stockholders' Equity Raquinad A Required B > 13Bank Three has equity = $250 million, return on equity (ROE) = 15%, interest expense = $105 million, provision for loans (P) = $30 million, noninterest income = $45 million, noninterest expense = $20 million and a tax rate = : 34%. What is the total interest income required? A. $216.82 million. B. $236.82 million. C. $146.82 million. D. $166.82 million.NYJ, Inc. borrowed $500,000 on November 1, 20X1, and signed a nine-month note bearing interest at 8%. Principal and interest are payable in full at maturity. In connection with this note, NYJ, Inc. should record interest expense in 20X2 in the amount of: Select one: a. $15,000 b. $20,000 c. $17,500 d. $30,000 e. $23,333
